Are you a commercial Landlord? Do you know how energy efficient your commercial property is? Data from the national EPC (Energy Performance Certificate) Register indicates that 38% of commercial properties have an EPC rating of ‘E’ or below.
From April 2018, it will be unlawful to let commercial properties in England and Wales which do not meet the minimum energy performance standard. Failure to meet the minimum standards could result in a penalty fine, which would be a percentage of the Rateable Value of the property. The minimum standard that properties are required to comply with is ‘E’ on the Energy Performance rating scale.
How can you improve your property?
· Cavity wall insulation
· Roof insulation
· Photovoltaic solar panels
· Double glazed windows
· LED lighting
· Water source heat pumps
Simple improvements such as adding insulation or replacing existing lights for LED bulbs can be extremely beneficial in improving the overall Energy Performance rating.
The Government have a number of a number of initiatives in place to help with the improvement of energy efficiency, such as the Carbon Reduction Energy Efficiency Scheme and the Green Deal; these provide cost effective solutions for Landlords to improve the EPC rating of a property.
If you have a commercial property you are thinking of putting on the market, call us on 0113 239 5770 for some advice on how this might affect you.