23 Nov Laws are changing for landlord EPCs
An Energy Performance Certificate (EPC) is something that landlords will know a lot about as they are legally required to provide one when letting a property. However, everything they know is set to change from April 2018 with a new law set to be put in place which requires a minimum energy efficiency rating of E. In this blog we’ll briefly look at what an EPC is, and what the changes will be to its enforcement.
What is an EPC?
An Energy Performance Certificate (EPC) is a grade given to a building which informs of how efficiently it uses energy. The property is given a grade from A – G, with ‘A’ meaning most efficient, and ‘G’ meaning least. Currently the average EPC rating given to properties across England and Wales is ‘E’. If you are selling or letting a property, you are legally required to provide one to the buyer or tenant of the property. Or if you are looking to save money, you can simply use it to get an idea of what your home is costing you to run.
What is changing?
From April 2018 there will be a minimum energy rating of ‘E’ that all landlords must meet. This means that when this new law comes into play, if a property does not meet the criteria needed to be given an ‘E’ rating, it cannot be sold or let to anyone else until it does. If landlords fail to comply, they can be issued a fine of up to £4000 for failure to meet minimum energy efficiency requirements.
Improving your EPC rating.
When you receive your EPC it will contain the property’s current energy performance, and its potential energy rating if changes are made. These changes are tailored to the specific property in which the EPC takes place – so the improvements are accurate and beneficial to the property owner.
There are simple ways that can improve a property’s energy efficiency. For example, low energy light bulbs, replacing old boilers and installing thermostats can all help improve an EPC. Insulation is also a guaranteed way of reducing the amount of energy that a property uses, and the amount of energy that a property lets escape. Insulating a property ensures it is more energy efficient, and therefore results in an improved energy performance certificate.
According to the energy saving trust, an estimated £160 on energy bills can be saved through insulated walls, meaning a significant amount of energy used in an uninsulated home essentially contributes nothing. There are now so many insulation options for any type of property, even old properties that tend to struggle with EPC ratings, can now be insulated and reduce its energy consumption considerably.
Adding insulation to a property can drastically reduce the energy needed to heat it, and the less energy used means the energy performance certificate it receives will be higher. This is incredibly important not just for homeowners to save money on energy bills, but also for landlords to ensure that their properties are performing within the legal boundaries. Ensuring this also results in no time being missed letting out a property waiting for work to be completed. Insulation is also long lasting, so once this work has been done the benefits will last year on year, and will require very little attention or maintenance.
SPMS Wales are experts in installing internal and external wall insulation, and are capable of installing these into properties of any age and type. Contact us by phone on 01656 818881 or by email at email@example.com to see how we can help you to improve your EPC, and make sure you are compliant to changes coming in 2018.