If you’re a rental property owner and your buildings have EPC ratings that don’t meet the current Minimum Energy Efficiency Standards (MEES), then it’s only a matter of time until you get fined.
Landlords who rent out properties with EPC grades below E in their Energy Performance Certificate (EPC) are now liable to receive fines of up to £5,000.
These changes currently apply to new leases and landlords still have until 1 April 2023 before these requirements start applying to existing lettings. However, this doesn’t mean that waiting to upgrade the energy efficiency rating of your property is the best decision.
Low efficiency properties don’t just contribute to greenhouse gas emissions, they are financially inefficient as well. Just take a look at this chart of yearly energy costs:
|Annual Energy Costs
Upgrading a G-rated property to an E-rated one, results in a £1,150 reduction in annual energy costs! This is more than enough reason to hasten your plans of upgrading energy inefficient properties.
Don’t know where to start? You can upgrade your EPC ratings by following these three steps:
1. Have your EPC Ratings analyzed by accredited Domestic Energy Assessors (DEA)
Complete a MEES Compliance Advisory Report and our accredited Domestic Energy Assessors (DEA) will provide you with an in-depth analysis of the EPC of your property. With the information that they’ll provide, we can identify the necessary energy efficiency improvements that you should make.
2. Find the most suitable financial option
You can shoulder the initial costs of improving the energy efficiency of your property through numerous government funded financial schemes. For landlords, our recommended option is the Green Deal. With Green Deal, you can upgrade your property with sustainable technology and the government will shoulder the up front costs.
The catch is that you’ll have to pay back the said costs through your energy bill, over a specified period of time. This financial option is most suitable for landlords because the debt stays with the property and not with the bill payer. Talk to one of our energy efficiency advisors today for more information about our flexible finance packages.
3. Find a trusted supplier/installer
We’ve provided you with tips about energy assessment so far but that’s just the tip of what we can offer. We also offer a fully-integrated installation service that’s backed by a dedicated team of skilled professionals
From assessment to installation, you can rely on Infinity Energy Organisation to provide you with a service that suits your specific needs, and offer you solutions that are well within the reach of your budget.