Santander UK has introduced a new online Home Energy Saving Tool designed to help homeowners assess their property’s energy efficiency and identify practical ways to reduce future household bills.

Developed in partnership with the Energy Saving Trust, the tool provides users with a tailored action plan highlighting potential improvements, associated costs and estimated savings on annual energy bills.

It also calculates a property’s current and projected Energy Performance Certificate (EPC) rating, along with its carbon emissions before and after any suggested upgrades.

The free assessment takes around six minutes to complete and uses information such as a customer’s postcode to build a picture of their home.

ENERGY UPGRADES

Santander said the launch aims to make it easier for households to understand the financial and environmental benefits of energy efficiency improvements at a time when many are feeling the impact of higher energy prices.

Research commissioned by the bank found that 53% of homeowners would be more likely to invest in upgrades if they knew it would lead to savings on their bills.

KEEPING BILLS LOW

Mick Taylor, head of green finance, homes at Santander, said: “We can all feel the change in the air as the autumn breeze starts to bite, coupled with the recent 2% rise in the energy price cap, it’s natural that homeowners are starting to think about ways to keep bills as low as possible, longer term.

“Our new tool quickly highlights where homeowners can invest their time and money to improve the energy efficiency of their property, as well as what the impact of those improvements would be in pounds and pence to their annual energy costs in future.”

The partnership with the Energy Saving Trust forms part of Santander’s wider sustainability strategy, which includes supporting customers to make greener choices through improved information, tailored advice and access to green finance options.