EPC requirements for domestic properties in England and Wales are changing, its important you are prepared or you risk a £30,000 fine for non-compliance.
The Government has proposed that rented properties in England & Wales will be required to have an EPC rating of band C or above. Currently, domestic rental properties in England and Wales have to be rated E or above, the jump from E to C can cost Landlords thousands.
When is it happening?
New tenancy agreements must meet the new regulations from 2025 and all existing properties have until 2028 to follow suit.
What can landlords do?
There are various ways to improve the energy efficiency of a home and the Government-backed ECO scheme provides the ideal solution.
At EnergySmart we take a ‘wrap then heat’ approach, firstly insulating the property, then improving the efficiency of the heating. The benefit of this approach is that it tackles the whole house and improves the energy efficiency rating as much as possible which, in turn, reduces the energy bills in the property and reduces carbon footprint.
What is the ECO scheme?
The ECO (Energy Company Obligation) scheme is a Government scheme to tackle fuel poverty and reduce carbon emissions, with a focus on a low income, vulnerable and fuel-poor households. Various energy-saving measures are covered under the current ECO3 scheme, with further changes being made as we transition into ECO4.
How much will it cost you?
The obligation falls with the energy suppliers and they have been set huge targets to insulate as many homes in Britain as possible. Our service is completely free to both tenant and landlord, subject to certain qualifying criteria being met.
How long is ECO available for?
ECO4 is currently projected to last until 2026 therefore the time to act is now.
Contact us to find out how we can support you. We deal with property portfolios of all sizes and will investigate each property individually.