The Importance of an Energy Performance Certificate

1. Why should landlords invest in upgrading their property’s EPC rating now?

Upgrading your property’s EPC rating is essential for compliance with government regulations. The Minimum Energy Efficiency Standards (MEES) require all rental properties to be at least EPC E, with the goal of reaching EPC C by 2030. Failing to meet these standards could result in fines starting at £5,000 per property, doubling after three months to £10,000. Additionally, upgrading your EPC boosts property value by up to £29,000-£64,000, can raise rental income 10%+, and reduce tenant energy costs by up to £500 a year.

2. What services does Domna offer to help landlords with EPC upgrades?

Domna offers a comprehensive “one-stop shop” service that includes:

Home Energy ‘Health Check’: A remote assessment to estimate potential EPC improvements.
On-Site Survey & Grant Assistance: A detailed survey and assistance in securing applicable grants for energy upgrades.
Project Management: Domna oversees the entire process from planning to installation, ensuring minimal tenant disruption and quality results.
3. How can EPC upgrades increase my property’s value?

Properties rated EPC C can see valuation increases between £29,000 and £64,000 (Knight Frank). In addition, rental income can rise by up to 10% (Cambridge University and the Department for Business, Energy & Industrial Strategy). Energy-efficient properties attract high-quality tenants and slash tenant energy bills by as much as £500 (Leeds Beckett University, ECD Architects), making them more desirable and profitable in today’s market.

4. How can EPC upgrades help reduce tenant energy bills?

Upgrading a property’s energy efficiency can save tenants as much as £500 annually (Leeds Beckett University, ECD Architects). These savings improve tenant satisfaction, increase lease renewal rates, and make the property more attractive to future renters.

5. What are the legal requirements for landlords regarding EPC ratings?

Currently, rental properties must have a minimum EPC rating of E. By 2030, the government plans to increase this requirement to EPC C. If a property doesn’t meet these standards, landlords can face fines starting at £5,000 per property, which can double to £10,000 after three months. Ensuring compliance helps avoid penalties.

6. How do I know which energy efficiency improvements are right for my property?

Domna’s Home Energy ‘Health Check’ provides an accurate estimate of potential EPC improvements. Using billions of data points, this remote assessment helps identify the most impactful upgrades for your property with minimal upfront commitment.

7. What government grants are available for energy efficiency upgrades?

There are several government schemes that help fund energy efficiency improvements, including the Energy Company Obligation and the Boiler Upgrade Scheme. Domna can help identify and secure the appropriate grants to reduce the cost of your upgrades.

8. What are “quick wins” in energy efficiency upgrades, and how can they help?

Quick wins are simple, cost-effective upgrades such as insulation, LED lighting, and smart heating controls. These upgrades can raise your EPC rating with minimal disruption to tenants and provide fast returns. Domna can create a phased upgrade plan to match your budget and property needs.

9. How does Domna manage the upgrade process for landlords?

Domna handles every stage of the upgrade process, from assessing your property and identifying potential grants to managing the installation and ensuring the work is done to a high standard. Our team oversees the entire project, ensuring minimal disruption to tenants and maximum efficiency.

10. How can Domna help me maximise the financial benefits of energy efficiency upgrades?

Domna helps you navigate government grant schemes like the Energy Company Obligation and Great British Insulation Scheme, providing access to over £1 billion annually for energy efficiency projects. Our team ensures you secure the maximum available funding to reduce your upfront costs and increase your return on investment.

 

 

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