Government reveals EPC cost upgrades for PRS homes

Government reveals EPC cost upgrades for PRS homes

0:10 AM, 19th July 2023, About 10 months ago 13

Text Size

Energy efficiency improvement costs for some private rented sector homes could cost nearly £15,000.

The English Housing Survey for 2021-2022 reveals 19% of PRS homes could cost between £10,000 and £15,000 to improve to at least an EPC rating of C.

A further 5% of homes could require £15,000 or more to improve their energy efficiency.

30% of  homes could be improved for under £5,000

Nearly half of PRS homes (46%) could cost between £5,000 and nearly £10,000 to improve their energy efficiency.

According to the survey, almost a third (30%) of homes could be improved for under £5,000.

Though the plans have not been made into law, ministers have previously proposed that by April 2025, newly rented properties in England and Wales will need to meet a minimum EPC standard of C – tougher than the current E standard.

The regulation is also slated to apply to existing tenancies from 2028.

When compared with other sectors, homes of private renters were generally more likely to require larger sums of money to reach an EPC rating of C compared to social renters.

Direct debit most common energy payment for private renters

According to the survey, most private renters in 2021, lived in homes with an energy efficiency rating band of A to C (44%) followed closely by band D (42%) while the remaining 14% lived in homes with a band of E to G.

Direct debit was the most common energy payment method for private renters, with more than (54%) using direct debit to pay for gas and two-thirds (66%) using direct debit to pay for electricity.

The proportion of people paying by direct debit was higher among private renters for both gas (54%) and electricity (66%) compared to social renters (40% and 46% for gas and electricity)


Share This Article


Comments

JaSam

15:41 PM, 19th July 2023, About 10 months ago

Not all bad news though as the 3 major housing associations in my area are pouring tonnes of effort into improving their stock of mostly 70’s builds. Solar panels and loft insulation are being fitted, while those without gas are getting ASHP’s and larger radiators as well. I can’t knock this area who in my opinion are setting an example however they are probably getting bulk deals and contracts to pay for it, hence why the government needs to provide free grants for qualifying homes in the PRS.

Russell Cartner

16:24 PM, 19th July 2023, About 10 months ago

Reply to the comment left by Trevor Leigh at 19/07/2023 - 11:30
I have band D semi detached houses on a large 1970'a private estate where only two houses are Band C. Average Banding is D for England. The lofts are well insulated, theres modern double glazing and gas combi boiler, rads with trvs. So adequate for the majority people, ( Solar panels or Cavity fill are options, but it will cost a years rent ). The Gov, Shelter infact any old do gooder don't care a jot about you. There is no rental stock as they have all sold up round here. Best advice Sell, Sell, Sell and have a goods night sleep

philip allen

18:14 PM, 23rd July 2023, About 10 months ago

Reply to the comment left by Dylan Morris at 19/07/2023 - 10:41
Now all you have to do is tell the government what you know and we can all revert to the status quo. How did we ever manage without your vast depth of knowledge?

Leave Comments

In order to post comments you will need to Sign In or Sign Up for a FREE Membership

or

Don't have an account? Sign Up

Landlord Tax Planning Book Now