New Energy Performance Certificate legislation will crack down on inefficient properties
Attention landlords! There are important Energy Performance Certificate legislative changes on the horizon that you need to be prepared for.
From the 1st April 2018, your privately rented property needs to reach an Energy Performance Certificate (EPC) rating of at least E before you are able to grant a new tenancy to new or existing tenants.
If your property’s Energy Performance Certificate fails to meet this standard, you could incur a fine of up to £4000 if you continuing to extend or offer new tenancies.
To make sure your not at risk of being fined, the first step you need to take is to acquire an EPC from an accredited EPC Register assessor.
Getting your property assessed costs between £60-120 to do, but in light of the updated legislation, it’s absolutely worth knowing where your property stands on the EPC scale.
What is an Energy Performance Certificate?
An Energy Performance Certificate (or EPC) is what you’ll receive after your property’s energy efficiency has been assessed. In it, you’ll be provided with a breakdown of how efficient your property currently is and how efficient it has the potential to be if certain improvements are made.
Your property will be awarded a score between 1 – 100, determining your energy efficiency rating.
With the new EPC regulations coming into place, a score less than 39 would indicate your property is not legally equipped to be rented. Helpfully, the EPC will suggest the most effective ways for you to improve its rating and get the property legally prepared to accept new tenants.
How do I improve my property’s energy efficiency rating?
If your property ends up scoring less than an E, it’s not the end of the world.
First of all, the EPC will come with a set of recommendations specific to your situation.
Furthermore, there are a variety of general suggestions you can act on to improve its EPC rating. Some are more costly and intensive than others, but all are worth taking if you want to secure a greener future for your rented property. For example, you can:
If you’re a landlord, it’s always useful to bear in mind energy-saving measures such as these in order to make sure your properties stay ahead of environmental policy.
Need to know more?
For full details of the new legislation, please refer to this detailed overview regarding the Energy Performance Certificate legislation provided by the Residential Landlords Association.