The Green Deal has fallen on deaf ears according to the latest research from the Association of Residential Letting Agents.
The research found that half (51%) of the landlords questioned hadn’t heard of the Green Deal and over a third (33%) didn’t actually know the energy rating of their buy to lets.
ARLA believe landlords should do more when it comes to energy efficiency, especially as 14.5% of landlords admitted at least one of their properties is currently in the bottom two EPC categories. They also believe landlords should make the most of what is available to them to avoid falling foul to future changes in regulation.
ARLA’s Operations Manager, Ian Potter commented: “At a time when energy prices are rising and average household disposable income is reportedly at a four-year low, making a rental property more energy efficient could mean a big difference for tenants, and help a property stand out.
“Moreover, the Government is proposing a ‘minimum standard’ of energy efficiency in privately rented homes from April 2018 – likely to be set at an E rating. This means there really is a need to get on board with improving the energy performance of rental stock.”
Alan Ward, Chair of the Residential Landlords Association (RLA), said: “Under the government’s current plans landlords are not involved in Green Deal finance. We are pushing for direct access to Green Deal and the increase of LESA to £14,000 which will be of more benefit to those tenants in energy poverty among properties with low EPC ratings.”
Currently, landlords can claim up to £1,500 in tax allowances each year for implementing loft insulation and other measures to improve the property’s energy efficiency through LESA (The Landlord’s Energy Saving Allowance LESA).
Mr Potter continued: “We support the RLA’s calls around both the Green Deal and LESA, and in addition, would urge in for LESA to be extended beyond its current end date of April 2015.”