Research published by the UK Green Building Council has revealed that introducing minimum energy efficient standards for privately rented properties will cost landlords considerably less than previous studies have shown.
Minimum energy efficient standards will cost landlords less than £1, 500 on average per home and will save tenants more than £400 a year on energy bills. Under the Energy Act 2011, landlords are obliged to upgrade the worst performing privately rented homes - those with an Energy Performance Certificate (EPC) rating in band “F” or “G” - to a minimum energy efficiency standard from April 2018. Regulations are expected to prohibit the letting of properties in EPC bands “F” and “G” which don’t undertake cost-effective energy efficiency improvements.
Paul King, Chief Executive of the UK Green Building Council, said: “This research shows just how easy and affordable it will be for landlords to comply with the minimum standards, with improvements that won’t need to go through the planning system which can be costly and time consuming. Minimum standards are a complete no-brainer - they require only the most basic and cost-effective improvements to a home but could save hundreds of pounds a year to the tenant”.