Are you ready for Minimum Energy Performance Standards?
Are you up to date with the new legislation on energy performance in rented properties? Changes to the law are imminent and it is prudent for landlords to get informed and organised.
U-Value offer a wide variety of energy efficiency optimisation solutions for non domestic EPC’s and domestic EPC’s. We offer EPC rating improvements to property portfolios within Leicester and the surrounding counties. We ensure your property or property portfolio receives the necessary energy efficiency rating to receive the required EPC certificate to comply with he latest government regulations on Minimum energy performance standards for rentable properties.
The government introduced Energy Performance Certificates in England and Wales on the 1st August 2007. They first applied to any property with 4 or more bedrooms but the requirements extended over time. With very few exceptions, all property being let or sold now needs an Energy Performance Certificate (EPC). This applies to both domestic and non-domestic property. The aim of the scheme was to improve the energy efficiency of property through competition. However, prospective buyers and tenants view property with a different set of criteria than when buying a kettle. The scheme met with less success than the government hoped.
Following this poor response, the government has sought to engender change on a voluntary basis. This included the introduction of the Green Deal in January 2013. The scheme offered home owners funding to improve the efficiency of their properties. Government funding has now ceased under the green deal and is likely to end shortly.
Carrots having failed, the government are now trying a stick approach. They still aim to improve the efficiency of the property market in England and Wales. The government are bringing into force Minimum Energy Performance Standards (MEPS)
From the 1st April 2018, any property with an Energy Performance Certificate (EPC) rating of F or G will become illegal to re-let. The legislation will apply to all domestic rented properties let before 1st April 2018 from 2020 and commercial properties let before 1st April 2018 from 2023. These changes to the law bring fines ranging from £2,000 to £150,000. Landlords and agents cannot ignore this new legislation.
U-Value Refurbishment has been set up by a group of property professionals to assist Landlords and Agents through this transition. We can guide you through the whole process and certify your compliance. We review your property and put forward the most cost effective solution for you. Our qualified and experienced staff can carry out any necessary work and certify your compliance.