An Energy Performance Certificate (EPC) is a report that provides detailed information on a property’s energy efficiency and CO2 emissions. If you’re a landlord, it’s important to ensure that your property meets the latest regulations, known as the Minimum Energy Efficiency Standards, and has a valid EPC.
To get an EPC, you need to have an Energy Assessment Survey conducted by a Domestic Energy Assessor. The assessor will evaluate the property’s energy efficiency by looking at areas such as windows, roofs, walls, insulation, boilers, heating systems, renewable energy devices, lighting, fireplaces, building dimensions, and age. The property will then be graded on a scale of A (best) to G (poorest), with a valid EPC rating of E or above being required to legally let the property.
The latest Minimum Energy Efficiency Standards, in effect since April 2020, apply to all existing tenancies and require all rental properties to have an EPC rating of C or above by 2025 (for new tenancies) and from 2028 (for existing tenancies). Failure to comply with these regulations may result in a penalty of up to £30,000. Landlords should also be aware that tenants are entitled to a copy of the EPC and must be given 24 hours’ written notice before an assessment.
Improving a property’s energy efficiency to meet the latest standards can be costly, with estimates suggesting it could cost around £10,000 to bring a property rated D up to C or above. However, exemptions are available for certain properties, such as listed or protected buildings, temporary buildings, and detached buildings with floor space of 50 meters or less.
Landlords who are unable or unwilling to make the necessary upgrades may choose to leave the rental market, resulting in a smaller market, less choice for tenants, and potentially higher rental prices. As a landlord, it’s important to stay informed about changing regulations and to prepare for any necessary upgrades or exemptions.
If you’d like to know more then please contact us and we’ll be happy to help.
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