A home's energy efficiency and carbon emissions may be easily determined with an Energy Performance Certificate (EPC). Additionally, it's a prerequisite if you're developing, promoting, or leasing a residential or commercial property. The certificate provides a helpful description of your property and makes suggestions for changes you may do to raise your EPC rating by utilising bands that range from "A" to "G" to represent the performance of your building.
How To Improve Your EPC Rating
The best time to take action if you are a landlord in England or Wales is now because, as many of you are well aware, the most recent phase of the Government’s initiative to improve the energy use of domestic properties goes into effect next April. Landlords should pay attention to the legislation if they haven’t previously since it was initially proposed in 2018 as part of a major attempt to reduce emissions to zero by 2050.
The legislation was changed in April of last year to prevent new leases from being issued for buildings with EPC ratings that were lower than band E. The requirement now applies to ALL residential premises, meaning even tenancies that are currently in place must reach or surpass the band E cutoff limit.
So, if your property is now rated F or G, you don’t have much time to get everything in order if you want to stay in compliance and avoid paying some quite steep fines. We’ll look at a few of them today. Fortunately, there are a few easy things you can do that could help enough to get you out of problems in the near term.
It’s crucial to keep in mind, though, that the Government is poised to go much farther in the future, with the possibility that by 2030, all privately leased properties will have to achieve an EPC rating of C or above.
This may influence how you proceed as covering up problems with a short-term perspective may ultimately cost you more, especially if you intend to hold onto your investment for the next ten years or longer.
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How to Improve Your Energy Efficiency Rating
An EPC will outline several strategies for raising your rating and offer rough pricing. These upgrades will lower costs for you, prospective purchasers, and tenants. They will also aid in reducing the property’s environmental effect.
Typical suggestions include:
- Your floor, walls, loft, and roof all need insulation. Your energy expenses will go down since you will need less heating as a result of improved insulation.
- Double glazing: Windows with double glazing retain a lot more heat, requiring less energy.
- Solar panels may significantly raise the value of your property and create greener, more affordable electricity than more conventional ways.
- Low-energy lighting has the advantage of being an easy solution to lower energy costs without requiring structural changes.
