EPC Hints & Tips Brochure WEB LR - Flipbook - Page 7
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Funding EPC Improvements
Q.
How can I fund EPC improvements?
There are many ways to fund improvements for the EPC. In terms of MEES to be able
to get any funding improvements for your property the landlord will firstly need to
use their own £3,500 (Including VAT) to improve the property. As mentioned, the
government are planning to increase the above cost cap to £10,000 (Including VAT).
Landlords can apply for funding through mechanisms such as ECO, you can also apply
for upgrade schemes that are ran by the government such as the boiler upgrade
scheme etc.
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What options are available to me if I can’t afford to fund the
necessary improvements?
If you are unable to fund the necessary improvements you can apply for a MEES
exemption. The exemption must be registered on the national PRS exemptions register
which was launched in October 2017. Exemptions last for five years, after this time frame
the landlord must again attempt to improve the energy efficiency of the property to a
minimum of an EPC Band E.
What is the deadline for getting an EPC of C or above?
The deadline for getting an EPC of C or above is expected to be April 2025.
(Waiting for government approval).
How long should I allow for the improvements to be done in
time?
Depending on what improvements are being implemented it is hard to give a
timeframe. We would encourage all Landlords to start improving their properties
ASAP, as once the property has been improved a new EPC will need to be
commissioned.
EPC methodology updates over time, in line with new Building Regulations – as an EPC
lasts for 10 years it is advisable to have a new EPC as soon as the improvements have
been made.
What happens if I don’t secure the required EPC in time?
If you do not secure the required grade E EPC in time and you are still renting the
property out there can be a fine of up to £5,000 per property. When the grade C EPC
gets approved by the government the fine will then increase up £30,000.
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