After Rishi Sunak decided to take the UKs foot of the EV pedal and put it firmly back on the gas pedal with several major climate change commitments being moved back and experts expressing concern about the UKs ability to hit net zero by 2050, along came a new Government with different road plan for the UK. (OK, no more motoring analogies)
The decision to remove the EPC target for landlords was one of the strangest, as over 35% of the U.K.’s energy is used in domestic properties. Without tackling this issue how would the UK hit the 2050 target of net zero?
Recently Ed Miliband, Secretary of State for Energy Security and Net Zero, announced that the UK would reinstate the original EPC target of C for all rented properties by 2030.
Which ever side of the fence you stand, with regard to whether this target can be hit, will be revised or become a government U-Turn and scrapped (sorry couldn’t resist), the real question that landlords should be being asking themselves is; “do I want to take advantage of the government grants available to improve insulation and heating systems before the money runs out?”
A warmer, less draughty home with lower energy costs will not only be more attractive to potential tenants, but also increase the value of the property and potentially the rental yield. (See previous blog on property valuation and EPCs).
With material shortages, a skills shortage in all areas of construction, the 5 and bit years will be gone in a blink of an eye.
The first step for any Owner or Landlord looking to improve the energy efficiency and comfort of their home is an EPC. It will give basic recommendations, some cheap (LED lights), most not so cheap (Heat Pumps, insulation) which will improve the overall efficiency. The EPC is also required to access the Government Energy Efficiency Grants which can be worth £1,000s.
Let Greener Homes London start your journey to smart green happy homes whatever size portfolio you have.
Contact us to discuss your needs using the details below.
☎️ 07477 494155
Comments