19/08/2024
Rental properties to reach an EPC of C by 2030
The UK government has set a new mandate requiring rental properties to achieve a minimum Energy Performance Certificate (EPC) grade ‘C’ by 2030. This initiative is part of a broader strategy to enhance energy efficiency and reduce carbon emissions across the private rented sector.
By setting a minimum EPC rating of ‘C’, the government aims to ensure that homes are better insulated and more energy-efficient, leading to lower energy consumption and reduced utility bills for tenants.
Landlords have until 2030 to upgrade their properties to meet the new EPC standards. This provides a window for property owners to plan and implement necessary improvements. Landlords will need to assess their current properties’ EPC ratings and identify areas that require improvement. Common upgrades might include installing better insulation, upgrading heating systems, and replacing old windows with more energy-efficient alternatives. Failure to comply with the new regulations could result in penalties and potentially make properties less attractive to prospective tenants who are increasingly prioritising energy efficiency.
To assist landlords in meeting these requirements, the government is expected to offer various forms of financial support. This may include grants, loans, or tax incentives aimed at reducing the financial burden of making energy efficiency improvements. Details on the specific support measures are anticipated to be released in the coming months.
The requirement for rental properties to achieve an EPC rating of ‘C’ by 2030 represents a significant step towards improving energy efficiency in the UK housing sector. While it poses challenges for landlords, the long-term benefits for tenants and the environment are substantial. With the anticipated financial support from the government, landlords will be better equipped to make the necessary improvements, ultimately contributing to a more sustainable future.
If you have any questions concerning the above changes, please contact 023 8046 1254 or email Tom Young.
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