The UK government is consulting on new energy efficiency requirements for private landlords in England and Wales, aiming to improve Energy Performance Certificate (EPC) ratings by 2030. These changes could have a significant financial impact on landlords, so staying informed is crucial.
What Are the Proposed EPC Changes?
Currently, only 48% of private rented homes have an EPC rating of C or above. The government’s proposal would require all privately rented properties to achieve a minimum EPC C rating by 2030—a major increase from the current EPC E requirement.
How Much Will It Cost Landlords?
The government estimates that landlords will need to invest between £6,100 and £6,800 per property to comply with the new standards. Financial support may be available, but landlords should prepare for these upcoming costs.
Key Consultation Points
The consultation seeks input from landlords and tenants on several proposals, including:
- Fabric-first approach: Installing insulation (loft, cavity wall, double glazing) before moving to advanced measures like solar panels, smart meters, and battery storage.
- Maximum spending cap: A proposed £15,000 cap per property, with support from schemes such as the Boiler Upgrade Scheme and Warm Homes: Local Grant.
- Affordability exemptions: A possible reduced cost cap of £10,000 for eligible landlords.
- Final compliance deadline: All landlords must meet the new EPC C standard by 2030.
How to Get Involved
The consultation is open until 2 May 2025. If you’re a landlord, you can share your views and help shape the final legislation. For more details, visit: https://www.gov.uk/government/news/warm-homes-and-cheaper-bills-as-government-accelerates-plan-for-change
What This Means for Landlords
With potential costs involved, landlords should start planning now to improve energy efficiency and avoid last-minute expenses. Stay informed about energy-saving grants and funding options that may help offset costs.