In terms of the EPC (Energy Performance Certificate), new legislation has recently been announced in the private rental sector. From April 1st 2018, agents must have ensured their property meets E on the EPC scale should they wish to let it under a new or renewed tenancy unless you qualify for an exemption . By April 1st 2020, all existing tenancies must meet a minimum of E on the scale. The target is to raise the legal requirement to D by 2025 and C by 2030. If a property is found to have breached these regulations, the agent or landlord is at risk of a £4,000 civil penalty. If a property cannot achieve these ratings by the time stated, it will be banned and made illegal. Below we’ve outlined everything a property professional can do to ensure they meet these changes.
What is an EPC?
An EPC is a legal requirement for letting agents, estate agents and landlords selling, renting or building a property and must be conducted before the property is put on the market. The EPC will contain information about the property’s energy use and consumption costs as well as recommendations of how to save energy. The EPC is valid for 10 years at a time on each individual property. If an EPC is not conducted you’re at risk of being fined.
An EPC must be carried out by a qualified assessor. A directory of professional and certified assessors can be found here.
Why is an EPC important?
EPC’s are important as they give the tenant/owner a prospective idea of how the property performs when it comes to the consumption of energy. It will also make the tenant/owner aware of how much the property is likely to cost and how environmentally friendly it is. In order to reduce a high EPC rating of a property, advice will be given in the certification.
As well as the advice in the certification, we recommend agents and landlords consider these useful tips to reduce their properties energy consumption.
Insulation is a key feature when it comes to preserving energy in the home. By installing loft and cavity wall installations, the Energy Saving Trust predicts homes will save £310 a year on energy bills. Property professionals should consider this when it comes to letting their properties, especially if your home has a high EPC rating.
Efficient and cost effective heating system
Another way to save energy is by installing an efficient and cost effective heating system to help reduce your tenant’s costs and preserve energy. These can be expensive but may prove an important factor when it comes to making your property legal against its EPC certification.
By installing a number of renewables, such as solar panels, wind turbines or hydroelectricity your properties energy rating is likely to be low. This will not just help you, it will help your tenants and may lead them to renting your property for a longer period due to the energy cost being significantly cheaper.
The information in this blog is believed to be factually accurate at the time of writing the blog, VTUK cannot be held liable for any decisions made based on the contents of this blog.