Buckle up, because the energy efficiency rollercoaster is in full swing.
The government’s plan to boost rental homes’ Energy Performance Certificate (EPC) ratings to a minimum of C by 2030 has sparked quite the debate. But here’s the twist: landlords might need more time and cash to make it happen.
The National Residential Landlords Association (NRLA) recently had a chinwag with energy minister Miatta Fahnbulleh, waving the flag for extended deadlines and clearer funding paths. They’re not alone; other industry bigwigs are chiming in, too.
The NRLA update highlighted several speed bumps, like the tight 2030 timeline, which some say is as realistic as a unicorn sighting. Plus, there’s a muddle over how to fund and enforce these changes, not to mention a shortage of skilled tradespeople to do the heavy lifting.
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The NRLA is also nudging for tax incentives, suggesting that improvements should be treated as allowable expenses. The minister is game to chat with the Treasury about this, so fingers crossed!
Chris Norris, NRLA’s policy guru, summed it up: “Deadlines need to be doable. With 2.5 million rental homes still in the D-G EPC range, we’re in a bit of a pickle. Even if we had the funds and started tomorrow, we’re short on tradies. Missing the 2030 mark could yank thousands of homes off the market, hitting tenants hard—exactly what we’re trying to avoid.”
So, dear landlords, keep your eyes peeled for updates. This EPC journey is just getting started, and it’s bound to be a bumpy but crucial ride!
Want to hear more? Join Mal on the Property AI Report Podcast each week!
Access from your preferred podcast provider by clicking here
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