How energy-efficient appliances can help your tenants save money.

Are Energy efficient household appliances are a great way to help your tenants save money? With advances in technology, many newer appliances are designed to use less energy than their older counterparts. In this blog, we take a look at some of the most common energy-efficient appliances available in the UK and the potential amount of energy they can save your tenants.

Refrigerators and Freezers

Refrigerators and freezers are one of the biggest energy-consuming appliances in the home. However, an energy-efficient model can save a significant amount of energy. In the UK, the energy rating system for refrigerators and freezers ranges from A+++ to D. An A+++ rated appliance can save up to 60% on energy consumption compared to a D rated model. This can equate to savings of around £35 per year on your tenant’s energy bill.

Washing Machines

An energy-efficient washing machine can reduce your energy consumption by up to 50% compared to an older model. An A+++ machine can save around £17 per year in energy costs over a D rated model. Additionally, choosing a washing machine with a lower water consumption can also reduce your tenant’s water bill.

Dishwashers

Dishwashers are another appliance that can be upgraded to an energy-efficient option. Upgrading to an A+++ rated dishwasher can save up to 35% in energy consumption compared to a D rated model. This equates to savings of around £13 per year.

Boilers

Upgrading the boiler in your rental property is a big investment. With a budget boiler starting at £600 and a mid-range version coming in at over £1,000 it is a big commitment to make. However, a modern top-rated energy-efficient model can also lead to significant energy savings of up to £320 per year. These savings will compound if you upgrade insulation, seal drafts, and introduce smart thermostats to reduce your heating bills.

Costs for you and savings for your tenants

Upgrading the household appliances in your rental properties to energy-efficient models can lead to significant savings on your tenant’s energy bill. However, this will come at a cost to you, with the one potential direct benefit from installing a boiler being an improvement in your EPC results.