Landlord EPCs to C by 2030?

The Government recently unveiled a new policy proposal requiring all rental properties in England to achieve a minimum Energy Performance Certificate (EPC) rating of 'C' by 2030. This ambitious plan aims to improve energy efficiency and reduce fuel poverty for over three million people. Miatta Fahnbulleh, Under Secretary for Energy Security and Net Zero, confirmed the policy during a recent parliamentary session, emphasising its potential to create warmer, more energy-efficient homes, lower energy bills, and reduce fuel poverty.

Additional two years

The move to enforce a minimum 'C' EPC rating is a significant development, building on plans initially proposed by the Conservative government. However, the previous government's similar initiative was scrapped in 2023 due to concerns about insufficient time for landlords to make necessary upgrades. The new deadline of 2030 gives landlords an additional two years to comply with these new standards.

Upgrades

Landlords will need to invest in energy-efficient upgrades to meet the EPC requirements. These upgrades may include improving insulation, installing more efficient heating systems, and upgrading windows to double glazing. While this may increase costs for landlords, tenants stand to benefit from lower energy bills and improved living conditions.

Mixed Opinions

Property experts have mixed opinions about the new policy. While some welcome the move to drive energy efficiency and reduce carbon footprints, others, such as Propertymark, have expressed concerns about the financial burden on landlords. They have called for realistic targets and additional incentives to avoid the potential for increased rental prices, as landlords may pass on the costs of upgrades to tenants.

The government's flexibility in offering extensions to landlords facing financial or technical challenges may help alleviate some of these concerns. However, the overall aim remains clear: to make the rental market more energy-efficient and sustainable.

Higher rating, increased rewards?

The shift toward higher EPC ratings is expected to have a ripple effect on the housing market. Properties with higher EPC ratings are likely to become more attractive to tenants and buyers, potentially increasing their market value. In contrast, properties with lower ratings may struggle to compete, leading to a more energy-efficient housing market overall.

Labour's new EPC policy represents a major step forward in addressing fuel poverty and creating more sustainable living conditions. As the 2030 deadline approaches, landlords will need to take action to ensure they comply with the new standards. While the transition may pose challenges, the long-term benefits for tenants, landlords, and the environment are clear.

 

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