Boosting EPC Ratings: Expert Tips and Landlord Concerns
11th October 2024
As landlords face new energy efficiency regulations, enhancing Energy Performance Certificate (EPC) ratings is becoming increasingly crucial. Experts recommend several strategies to improve EPC scores, including upgrading to LED lighting, enhancing insulation, and installing energy-efficient appliances. Additionally, utilizing available government grants and incentives can significantly offset the costs of these improvements.
A recent survey highlights a troubling trend: many landlords may consider selling their properties if they cannot afford the necessary EPC upgrades. Approximately 29% of landlords expressed concern that financial burdens related to compliance could push them out of the market. With energy costs rising and new regulations tightening, landlords are feeling the pressure.
Furthermore, the government’s goal of ensuring all rental properties reach at least a C rating by 2028 adds urgency to these improvements. Landlords are encouraged to take a proactive approach, as failure to comply could lead to fines and decreased property values.
While there are effective strategies for improving EPC ratings, the financial strain on landlords raises questions about the future of rental properties. By investing in energy efficiency now, landlords can not only comply with regulations but also enhance property value and appeal to financially and environmentally conscious tenants.
It is good to keep in mind that the price of materials and labour to carry these works out, will likely increase in price after the final minimum standard is announced. This doesn’t necessarily mean people should rush to carry out said works, as it is likely the minimum standard will be changed, and caveats will be introduced for listed properties (and others that cannot so easily be rectified).
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