Energy-efficient homes have only a small price premium, according to new research from Nationwide.
The lender discovered that owner-occupied homes with an Energy Performance Certificate (EPC) rating of A or B sell 1.6% more than comparable homes with a D rating. Based on average house prices in England that works out to around £4,500.
There was a marginal difference in value between homes rated C, D and E. Homes with an F or G rating were worth 1.4% less than comparable homes with a D rating.
The findings will surprise many homeowners.
Nationwide found that 78% believe buyers will pay extra for an energy-efficient home.
More than three-quarters (77%) indicate that they think EPC rates will be a crucial factor when choosing a home in the future.
Among younger buyers aged 25 to 34, almost half (49%) said they considered energy efficiency “very important”.
Research published by E.On Next last month found that nine in ten house hunters (93%) want their dream home adaptations to green energy such as solar panels and charging electric vehicles.
National senior economist Andrew Harvey said: “It is interesting to note, however, that energy efficiency still has a much greater impact on buy-to-let purchases, with an A or B rated property attracting a 12.2% premium.”
The figures show that the demand for greener homes is increasing. But this has yet to translate into a significant price premium on the owner-occupied housing market.