The government recently announced the estimated cost of energy performance certificate (EPC) upgrades for rental properties. This announcement is part of the government’s commitment to reducing carbon emissions and improving energy efficiency in the UK.
The EPC is a certificate that assesses the energy efficiency of a property and provides advice on how to improve it. The government has set a target of reducing carbon emissions by at least 80% by 2050 and improving energy efficiency is one way to achieve this.
The estimated cost of EPC upgrades for rental properties is £2,500 per property. This cost covers the cost of the assessment, installation of any recommended energy efficiency measures, and the cost of the certificate itself. The government has also set aside £100 million to help landlords with the cost of EPC upgrades.
The government is encouraging landlords to take advantage of this funding to make their properties more energy efficient. This will not only help reduce carbon emissions but will also save landlords money in the long run as they will be able to reduce their energy bills.
The government is also introducing new regulations that will require all rental properties to have an EPC rating of at least EPC band C by 2023. This means that landlords will need to upgrade their properties to meet this standard or face fines.
Overall, the government’s announcement of the estimated cost of EPC upgrades for rental properties is a positive step towards reducing carbon emissions and improving energy efficiency in the UK. Landlords should take advantage of the funding available to upgrade their properties and ensure that they meet the required standards. Doing so will not only help reduce carbon emissions but will also save them money in the long run.