Making healthy homes?:A pilot study of the return on investment from an external wall insulation intervention

Fattakhova, G. and Bambra, C. and Brown, Heather and Taylor, Paul (2017) Making healthy homes?:A pilot study of the return on investment from an external wall insulation intervention. BMC Research Notes, 10. ISSN 1756-0500

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Abstract

Objectives External Wall Insulation (EWI) insulates and protect homes against damp. The Energy Company Obligation (ECO) scheme incentivised large energy providers in the UK delivering energy efficiency measures such as EWI to fuel impoverished households. Return on Investment (ROI) analysis is utilised to determine if EWI is a cost-effective procedure in terms of improving health related quality of life (HRQOL) measured using the EQ-5D-3L™, reducing health care expenditure, and fuel costs. Data comes from Stockton-On-Tees council, health care costs data, and information collected from households in the most socially deprived areas in Stockton-on-Tees. Results The total cost of installation across all 2252 that received EWI was £10,222,954 in 2016 GBP. Annual total benefits were extrapolated across all 3265 households that received EWI. Total benefits were differences between the control and treatment groups in fuel costs, health care costs, and HRQOL multiplied by the National Institute for Health and Care Excellence Quality Adjusted Life Year threshold (£20,000). Total benefits for all households that received EWI were £1,519,045. The ROI of EWI is − 41%. 7.9 years are needed to recoup the costs of the initial investment.

Item Type:
Journal Article
Journal or Publication Title:
BMC Research Notes
Uncontrolled Keywords:
/dk/atira/pure/subjectarea/asjc/2700
Subjects:
ID Code:
169412
Deposited By:
Deposited On:
27 Apr 2022 10:35
Refereed?:
Yes
Published?:
Published
Last Modified:
27 Apr 2022 10:35