I am currently renovating my home and a friend of mine mentioned that insulating paint can be used on the inside walls to keep heat in. He also said it could save money on heating bills.

Kingspan shares fall as UK demand ‘softens’ and costs rise

I can't seem to find much information on how effective it is - is it something I should consider and will it actually save me any money? Are there any other good alternatives? Will it actually lower my energy bills or is it it just a scam?

A home energy expert at Ebico says: With rising energy prices it is a good idea to seize the opportunity to insulate your property as well as you can while you renovate it. As well as potentially saving you money on your heating bills, a well-insulated property will probably have a market advantage over one that is less efficient.

Insulating paint will probably not cut your heating bills by much. Insulation works by providing a resistance to the passage of heat through a material, essentially helping to stop warmth escaping.

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A typical home would need about mm of fiberglass insulation or 65mm of a standard insulation product such as Kingspan to reach an acceptable level of insulation at around 0. But, when we measured one insulation paint, the thermal benefit measured just 0.

You would have have an 18cm thick layer of paint to reach the same level of insulation as a standard product - meaning a thin layer is unlikely to make that much difference or save you much money.

If you are serious about improving the insulation in your home, you can get a survey carried out by an insulation contractor, who can accurately measure results using approved software to provide an individual assessment. If you later seek professional help from qualified architect or from the insulation companies direct which is usually free they can use data from this software system to advise on products and their performance and address any risks. They can also advise on any planning permission needed — such as in the case of external wall insulation if that solution is deemed appropriate.

It is worth looking into the Government's Green Deal scheme to help with financing insulation measures - it effectively offers a loan with interest, which is then repaid through your electricity bill.

This does however require an assessment by a qualified Green Deal assessor. If you recently purchased your home you should have access to the Energy performance Certificate EPC which will provide you with good indications on the modeled energy performance details, and suggested improvements which can be a useful place to start. Further details on EPCs can be found on the Government website. This is Money spoke to an expert at Energy Saving Trust about other measures you can take to insulate your home and how much it could save you on your energy bills this winter: Loft insulation can also be a good idea in some case.

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We recommend having at least mm 10 inches of loft insulation. Finally, consider cavity wall insulation. If a home was built afterthe kingspan shares irish stock exchange are that external walls are made of two layers of brick with a gap or cavity between them. Cavity wall insulation fills that gap, keeping the warmth in to save energy. The views expressed stock brokerage company philippines the contents above are those of our users and do not necessarily reflect the views of MailOnline.

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OTHER WAYS TO INSULATE YOUR HOME This is Money spoke to an expert at Energy Saving Trust about other measures you can take to insulate your home and how much it could save you on your energy bills this winter: For current account rewards and interest conditions may apply eg.

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