Earth Notes: General Bibliography (NBS2024greening)

• [NBS2024greening] Nationwide Building Society, UK How low-cost finance supports the greening of UK homes (accessed 2024-10-24), Nationwide Building Society, UK, 2024-10, report/number 45905, also at (report) (BibTeX).
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  [Quote: "We made eight key findings: 1. The public believe responsibility for funding energy efficiency lies primarily with the Government. 2. Customer barriers to retrofitting are numerous and complex, finance is just one of these barriers. 3. Many homeowners judge retrofit success by a reduction in bills. 4. Finance sits too late in customer retrofit journeys to drive new demand — low-cost finance is just a component in a retrofit journey. 5. 0% interest Green Additional Borrowing appeals to those already interested and planning a retrofit change. 6. Brokers are largely not aware of the home decarbonisation challenge, and the relatively small loan sizes associated with retrofit mean the procuration fee is not sufficient to motivate them to promote it. 7. Homeowners would value more support in identifying tradespeople. 8. Well-known technologies are being installed to fix perceived issues." Quote: "Take-up of the 0% interest Green Additional Borrowing product from 1 June 2023 to end of September 2024, was around 2,200 applications, with around 1,900 applications completing over the period, totalling \pound21.1 million in lending. The average loan size was around \pound12,300. The product represents around 8% of our total additional borrowing applications. Whilst the rate of take-up has been over three times that of our previous low-rate Green Additional Borrowing product, its impact remains limited suggesting that the cost of finance is not the primary barrier to green retrofit." Quote: "The top three reasons for energy efficient improvements to a home are: 23% of people aim to save money, 19% seek to make their homes more comfortable, and 14% want to contribute to environmental sustainability. Well-known technologies are being installed to address these perceived issues, with 50% opting for solar panels and 47% choosing window replacements."]