The energy price cap is the maximum price suppliers can charge consumers for each unit of gas and electricity they use, tt increased by 54% in April 2022 according to Ofgem. With this in mind, we’ve compiled a comprehensive guide on the measures you can take to improve your EPC rating and make your property more energy efficient.
1. Improve insulation
In an uninsulated home, heat can easily be lost by escaping through the walls. If you want to reduce your carbon emissions and keep your tenant’s energy bills low, installing insulation in walls and floors will make a big impact.
2. Install draught proofing
This is an incredibly easy way to save energy. You just need to identify and block any gaps that might let cold air in or warm air out. These include gaps between windows/doors and the frames, letterboxes, keyholes and floorboards.
3. Upgrade to an energy efficient heating system
Is the boiler in your property due an upgrade? Consider going for a more energy-efficient option when the time comes. Electric and biomass boilers all represent better eco-friendly alternatives to traditional gas boilers.
4. Go double or triple glazed
If you still have single glazing, you can upgrade to double or triple glazing. It helps to minimise energy loss and can reduce condensation and make the property quieter – especially valuable if it’s on a busy road. Another alternative is secondary glazing, which is quicker and cleaner to install. It’s particularly useful for Listed buildings or in conservation areas when you want to keep the external look of your windows unchanged.
5. Get a smart meter
A smart meter is the next generation of a gas and electricity meter. Instead of estimated billing, a smart meter automatically sends your readings to your energy supplier at least once a month (daily or half-hourly sends are optional) and lets tenants see how much they are spending on their energy usage.
There are also some smaller habits that you could share with your tenants to incorporate in their ‘every day’. These include:
· Keeping radiators clear so that heat can circulate properly
· Turning off radiators in rooms that aren’t being used
· Unplugging laptops, chargers etc. when they’re not being used
· Ensuring dishwashers and washing machines are at full capacity when they are used and putting them on a lower temperature
· Using the eco settings on appliances
For Landlords, it is also important to note that increased energy efficiency will ensure your buy-to-let investments stay within an Energy Performance Certificate (EPC) E rating. Which is the minimum requirement to avoid a £5,000 fine. Lower energy bills also mean happier tenants, which will encourage longer-term occupancy and attract renters in the first place.