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Bay-lees Property Surveyors
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As a seller, landlord or letting agent, you are legally required to show prospective buyers or tenants the Energy Performance Certificate for the property in question. If you fail to provide an EPC when requested, you can end up paying a £200 fine, and your property can be potentially taken out of the market.
An EPC (Energy Performance Certificate) shows the energy efficiency rating of your property relating to the running costs of its heating and lighting. The rating is shown on an A–G scale, similar to those in your electrical appliances. EPC also gives you recommendations on how to reduce your energy cost, and the potential funding available to you.
Types of EPC
There are a number of different types of EPC: Domestic and Commercial EPC, On-Construction and Display Energy Certificates. Surveys for domestic EPC can only be carried out by qualified Domestic Energy Assessors (DEA) who are members of one of the official accreditation bodies.
10 Years
An EPC is valid for 10 years and highlights how energy efficient a property is. It includes a multi-coloured graph much like a sticker on new appliances, rating it from A (very efficient) to G (very inefficient).
Home Improvements
Your EPC will include recommended measures and actions to improve your property energy performance. These include things such as installing wall and floor insulation, solar water heating, double glazed windows, a new boiler and low energy lighting.
EPC for Landlords
As of the 1st April 2018 properties being let are now required to achieve a minimum rating of E before granting a new tenancy to new or existing tenants. As well as helping lower bills for the tenant, this new regulation is part of the UKs efforts to reduce carbon reduction by 80% by 2050. Failure to meet the new law could mean a fine of up to £4,000 – a cost that is best avoided!