Facts & Figures

On this page we will provide an estimate of the pre-renovation running costs of the property, the cost of the renovation works & technologies installed, and the expected running costs once all of the works have been completed. If you require further information please do not hesitate to get in touch.

Existing Running Costs vs Expected Running Costs

The following table illustrates the expected difference in annual running costs of this type of property once a green makeover has been completed.

 

Before

 After

 Gas

-£  7,000.00

-£    300.00 

 Oil

 -£  5,000.00

 nil

 Electricity

 -£  2,400.00

 -£  1,000.00

 Wood

 -£    450.00

 -£    450.00

 Water & Drainage

 -£  1,400.00

 -£  1,400.00

 Biomass fuel

nil

 -£  3,000.00

 RHI payments

nil

 +£  4,887.00

 FIT generation payments

nil

 +£  2,013.00

 FIT export payments

nil

 +£    355.00

 

 -£ 16,250.00

+£ 1,105.00

Green Makeover Costs

The following table shows the total expected cost of this type of green makeover.

 

Installation Cost

 Biomass Boiler

-£   26,000.00 

 Plumbing plant miscellaneous

-£     3,500.00 

 Electrical controls & Energy management

-£     2,900.00 

15kWp solar PV array

-£   25,500.00 

Renovation & Refurbishment (see breakdown below)

-£ 95,000.00

Total

£ 152,000.00


Renovation & Refurbishment Costs

The following table shows the expected costs of the renovation and refurbishment of the property (please note these costs have also been included in the table above).

 

Cost 

MVHR

-£   7,500.00 

Roof Insulation 

-£  18,200.00 

Wall Insulation 

-£  20,000.00 

Floor Insulation 

-£  15,500.00 

Glazing

-£  19,000.00 

Decoration/Making Good 

-£  14,800.00 

Total 

-£ 95,000.00


Loan Calculation

The following table shows the likely annual repayment cost of taking out a 10 year loan at a fixed rate of 5%. Assuming a capital outlay of £152,000 is required to complete the green makeover, a loan to cover the full amount would cost approximately £19,000 per annum. We recommend you seek advice from an approved financial advisor before taking out a loan.

Amount BorrowedAnnual Repayment 
£   50,000.00 £   6,360.00 
£ 100,000.00 £ 12,720.00 
£ 150,000.00 £ 19,080.00 
£ 200,000.00 £ 25,440.00 
£ 250,000.00 £ 31,800.00 
£ 300,000.00 £ 38,160.00 


Benefit over 20 years

Red = The effect of inflation on the existing running costs of the property; as you can see within twenty years the annual cost will rise to almost £50,000.

Green = The annual repayment cost of borrowing £150,000 over 10 years at a rate of 5%; by year 3 this will be lower than the existing running costs. 

Purple = Income; in year 10, once the loan has been repayed, the payments received from both the Feed-in Tariff & RHI will actually generate an income.