Atom Bank launches Retrofit Explorer to support homeowners towards better energy efficiency

With 29 million homes to be renovated in the UK by 2050, the lack of awareness of EPC energy certificates hinders the energy transition. Atom Bank offers a solution with its Retrofit Explorer tool, which offers a personalized diagnostic and plan for owners.

FACTS

• Since 2007, the UK has imposed the Energy Performance Certificate (EPC) to evaluate and classify dwellings according to their energy efficiency.

• However, 53% of homeowners do not know the EPC rating of their housing, and 62% do not understand the issues.

• This is a huge challenge to achieve climate goals, while owners often lack support.

• Retrofit Explorer is a custom tool designed by Atom Bank: this innovative tool offers a precise diagnosis to improve the EPC rating. It takes into account the user's budget and provides a personalized renovation plan.

ISSUES

• To raise awareness of EPCs: EPCs are required to sell, lease or build property in the United Kingdom. Better awareness could speed up energy renovations.

• Tangible financial benefits: Moving from an EPC D to C would reduce energy costs by 30%, an average annual saving of £723 per household. This also increases the real estate value at resale.

• A positive environmental impact: Energy-efficient housing contributes to reducing the global carbon footprint, an imperative in the face of the climate crisis.

PERSPECTIVE

• In collaborating with KammaAtom is committed to becoming a carbon-positive bank by 2035. With this in mind, raising awareness of EPC is a logical continuation of its commitment to assess the ecological impact of its mortgage portfolio and thus identify itself as an eco-friendly bank.

• The neo-bank seems to be growing at an accelerated pace, a progress already identified in 2022 when Atom recorded its first monthly operating profit. The launch of Retrofit Explorer is part of this commitment, strengthening its position as an eco-responsible bank and supporting homeowners in their energy transition.

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