Over half (59%) of those aged 55 years and over, agree that making green changes will add value to their home.

The research also suggested that homeowners are expecting to commit just under £8,400 on average to green home improvements over the next three years.

Those owners aged 18-34 expect an average return of £11,123 from a £9,035 investment after 20 years, while those aged 55 and over expected an average of £5,379 after 20 years, from an initial investment of £7,732.

•   The Finance Professional Show 2023: The Video
•   Investec lends £13.7m on net-zero carbon office
•   Santander calls on government to help households reduce energy loss and keep bills low

The researched indicated that 40% of all homeowners were still motivated to make eco-friendly changes if it meant saving money on energy bills.

Jonathan Stinton, head of intermediary relationships at Coventry for intermediaries said: “Energy efficient home improvements don’t just give people a way to reduce their energy bills today, they also provide a chance to future-proof properties for tomorrow’s market.

“Every energy efficiency tweak has the potential to boost a home’s resale or rental appeal, meaning energy efficiency isn’t just a buzzword, it’s a tangible asset which can add value to a home.”