Letting agents face a major problem with EPC bands following research published today that reveals how millions of homes in the UK will never reach the statutory C rating whatever their owners do.
Rightmove says its research has been released to coincide with World Environment Day and shows that 1.7 million properties of between D and G band EPC cannot be improved to the statutory C rating.
It has been illegal to rent out a property with an EPC rating of below band E since April 1st last year, but the government says the minimum level of energy efficiency required will be raised to a band C in 2030.
This is part of the government’s recently-announced plans to set the world’s most ambitious climate change target into law in order to reduce emissions by 78% by 2035 compared to 1990 levels.
In January a consultation on EPC ratings for rented properties closed. It set out how the government wants to upgrade as many private rented sector homes as possible to Band C by 2030 “where practical, cost-effective and affordable”.
Rightmove says landlords wishing to upgrade their homes can complete relatively inexpensive improvements to their properties including insulating a hot water cylinder (£23), low energy lighting in all areas (£38), draughtproofing single-glazed windows (£100) and increasing loft insulation (£223).
“It’s encouraging to see that there are some energy efficiency improvements that can cost less than £100,” says Rightmove’s Director of Property Data Tim Bannister (pictured).
“The bigger challenge is for those homes with much lower ratings that will cost a substantial amount of money to improve.”
Sales properties are not affected by EPC regulations yet, but the government recently proposed to force mortgage lenders to link lending to a home’s environmental performance.