SAVINGS EXPERTS REVEAL THE BEST MONEY-SAVING GREEN TECH TO INVEST IN, FOLLOWING ONS CLIMATE CHANGE REVELATIONS
Climate change and the cost of living crises have sparked a surge in British households investing in green technology, as savings experts reveal the best options to save money and help the planet.
Latest data, published by the ONS today, shows that around two-thirds of UK adults (64%) are worried about the impact of climate change, with only 4% of the nation feeling that the UK is ‘well-prepared’ for hotter summers.*
There are very good reasons to be concerned, as data from the Met Office shows that June was the hottest on record**, followed by the world’s warmest month on record in July.***
Global warming combined with skyrocketing energy bills has already seen an increasing number of Brits turning to green technology.
Industry figures show that more than 50,700 households installed solar panels between January and March this year – the highest level in the past seven years.****
Savings experts at money.co.uk/savings-accounts today revealed how you can win on both fronts – financially and environmentally – by investing in green technology that helps save you money in the long term while combating climate change.
Lucinda O’Brien, expert at money.co.uk savings accounts, said: “Traditional sources of electricity are not only hurting the environment but the money in your pocket as well, through expensive energy bills!
“Investing in green technology that allows you to reduce your energy consumption, or even produce your own in a more sustainable way, will not not only benefit the environment but will boost your finances through savings as well.
“Solar panels are the obvious choice, as generating your own electricity can save you lots of money on your energy bill – despite being fairly expensive to install you can make savings for years to come by having your own energy source.
“Likewise, next time you purchase a new car it is worth considering buying an electric vehicle and installing a charging point at your home, rather than a traditional petrol or diesel car, as they can save you thousands on fuel, as well as being more environmentally friendly.
“You can also make smaller, inexpensive investments sooner, for example by changing all of the light bulbs in your home to LED bulbs which use much less energy and can save you up to £60 a year on lighting alone, while smart metres can help you monitor and limit your energy consumption.
“It’s important to not just make these changes and fritter away the savings, but rather to put the money you save into a high-yield savings account and earn interest on it, to really make the most of your savings.”
For more information and guidance on saving, including the best savings rates available today, visit: https://www.money.co.uk/savings-accounts
