As a landlord, the upcoming changes to the Energy Performance Certificate (EPC) standards for rental properties present both a challenge and an opportunity. By 2030, all rental properties will need to achieve a minimum EPC rating of 'C', a significant increase from the current 'E' rating requirement. To help you meet these new standards, investing in External Wall Insulation (EWI) can be a highly effective solution.
Why Choose External Wall Insulation (EWI)?
Energy Efficiency: EWI significantly improves the thermal performance of a building, reducing heat loss through walls and lowering energy bills. This improvement in energy efficiency can make your properties more attractive to prospective tenants who are increasingly conscious of energy costs.
Increased Property Value: Properties with higher EPC ratings typically have a higher market value. By improving your property's EPC rating through EWI, you enhance its appeal and potential rental income.
Comfort for Tenants: EWI contributes to a more stable internal temperature, making the living environment more comfortable—a selling point for potential tenants.
Available Grants for Landlords
To assist with the costs of installing EWI, there are several grants and funding options available:
Energy Company Obligation (ECO4): This scheme is designed to help landlords and homeowners improve the energy efficiency of their properties. If your tenants are eligible under low-income or vulnerability criteria, you could have the cost of EWI fully funded.
Local Authority Delivery Scheme: Part of the government's broader initiative, this scheme offers funding to local authorities to target properties that are in need of energy efficiency improvements. As a landlord, you can benefit from these grants if your properties are located in participating areas.
Green Homes Grant: Although more limited in scope and availability, this scheme also offers vouchers that can cover a significant portion of the cost of insulation improvements.
Steps to Take Now
Assessment and Planning: Begin by assessing the current EPC ratings of your properties. Identify which properties will need upgrades and consider EWI as a potential solution.
Explore Funding Opportunities: Research the specific eligibility criteria for each grant and start the application process. Professional services like Oakley Wilsons can assist you in navigating these applications and maximizing your chances of receiving funding.
Professional Installation: Engaging a reputable company like Oakley Wilsons ensures that the installation of EWI is carried out to high standards, compliant with all regulations, and eligible for grant funding.
By proactively upgrading your properties with EWI, you not only comply with upcoming regulatory changes but also enhance your property’s appeal and functionality. This forward-thinking approach positions you well in a competitive rental market and demonstrates a commitment to sustainability and tenant comfort.
For more detailed guidance on EWI and available grants, or to start your upgrade process, contact Oakley Wilsons today. We're here to help you navigate these changes with expert advice and professional service.