Green Light as Green Deal Becomes Law for LandlordsMake Text Bigger
The Green Deal has become law – and landlords must comply with the new energy efficiency measures or risk a ban on letting property.
The Energy Act lays out framework for the government to issue eco-friendly regulations aimed at making homes and commercial buildings warmer and cheaper to run.
Buy to let landlords must comply with the standards from April 1, 2018, and hand over the proof to tenants as an energy performance certificate (EPC).
If a home fails to meet the minimum standards – an E rating on an EPC – the landlord must not let the property until work is carried out to meet the guidlines. Landlords who let a home that breaches the rules could face a fine of up to £5,000.
The Green Deal – an integral part of the Energy Act – lets landlords and homeowners carry out energy efficiency improvements for free such as adding loft insulation and installing double glazing.
The cost is repaid from energy savings on utility bills over 10 years. Repayments will be set no higher than the savings made through the installation of energy conservation measures, according to the government.
This should mean that landlords can upgrade the energy efficiency of their letting properties for free while tenants pay the price through their energy bills.
The Energy Act also lets tenants make reasonable requests to landlords for energy efficiency improvements that cannot be reasonably refused.
“The coalition is doing all it can to bear down on energy prices, but insulation will provide the long term help to manage bills,” said Energy and Climate Change Secretary Chris Huhne. “The Green Deal will be as easy as ABC by making work affordable, providing bespoke independent advice and choice in the market from well-known and trusted high street names.”
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