Research from Innasol and analyst group Frost & Sullivan reported that 78 per cent of domestic energy use is for heating.
Yet converting your home’s heating system from fossil fuels such as oil, gas or even electricity could see your heating bills drop by more than 45 per cent.
The Renewable Heat Report takes a detailed look at the UK’s bad heating habits and examines the easy savings that homes and businesses can make by freeing themselves from traditional energy sources and moving over to renewable heat.
It shows widespread lack of awareness and even suspicion of the costs involved of switching to renewable heating solutions, despite massive savings on energy bills and an upcoming government scheme to help with installation costs.
Calculations show that the average UK household now spends £816 on their annual heating bill and have faced an average energy bill hike of 17 per cent per year for the last decade.
The government is due to extend its Renewable Heat Incentive scheme (RHI) to domestic households for the first time this spring.
This will mean that domestic customers will be able to take advantage of grants to install renewable heating systems, which could save homeowners more than 45 percent on their heating bill.
The Department of Energy and Climate Change has predicted a 20 per cent increase in gas prices before the end of the decade, this means annual increases of 2.5 per cent.
Innasol CEO Silvio Spiess commented: “The UK is poised for a heating revolution. Increasing fuel bills are tightening the home purse strings even further, sometimes to the point where many cannot afford to heat their homes adequately.
“Through the introduction of RHI, the government is encouraging us to escape this strangle hold.
“Yet according to the report’s survey, the main reason UK residents are missing out on these renewable heating financial incentives is due to a lack of awareness of the technologies available and a lack of understanding of their benefits.
“By taking action and switching your heating to renewable sources, you will save yourself money – upwards of 45 per cent – and become far more efficient and significantly reduce your carbon footprint, becoming more environmentally responsible.”