Landlords face potential £20bn bill to meet EPC C standards

There will be another general election before 2030 coupled with the fact the EPC rating needs a total overhaul, we not be doing anything prior to 2030

Many, many more landlords won't be worrying about this nonsense by 2030, and renters will be so desperate to find somewhere to live, the EPC rating will be the least of their concerns.

I hope to have sold up before 2030 despite most if my properties already meeting EPC Rating C.

Labour promised greener energy through Great British Energy.

𝑇ℎ𝑒 𝑐𝑙𝑖𝑚𝑎𝑡𝑒 𝑎𝑛𝑑 𝑛𝑎𝑡𝑢𝑟𝑒 𝑐𝑟𝑖𝑠𝑖𝑠 𝑖𝑠 𝑡ℎ𝑒 𝑔𝑟𝑒𝑎𝑡𝑒𝑠𝑡 𝑙𝑜𝑛𝑔-𝑡𝑒𝑟𝑚 𝑔𝑙𝑜𝑏𝑎𝑙 𝑐ℎ𝑎𝑙𝑙𝑒𝑛𝑔𝑒 𝑡ℎ𝑎𝑡 𝑤𝑒 𝑓𝑎𝑐𝑒. 𝑇ℎ𝑒 𝑐𝑙𝑒𝑎𝑛 𝑒𝑛𝑒𝑟𝑔𝑦 𝑡𝑟𝑎𝑛𝑠𝑖𝑡𝑖𝑜𝑛 𝑟𝑒𝑝𝑟𝑒𝑠𝑒𝑛𝑡𝑠 𝑎 ℎ𝑢𝑔𝑒 𝑜𝑝𝑝𝑜𝑟𝑡𝑢𝑛𝑖𝑡𝑦 𝑡𝑜 𝑔𝑒𝑛𝑒𝑟𝑎𝑡𝑒 𝑔𝑟𝑜𝑤𝑡ℎ, 𝑡𝑎𝑐𝑘𝑙𝑒 𝑡ℎ𝑒 𝑐𝑜𝑠𝑡-𝑜𝑓-𝑙𝑖𝑣𝑖𝑛𝑔 𝑐𝑟𝑖𝑠𝑖𝑠 𝑎𝑛𝑑 𝑚𝑎𝑘𝑒 𝐵𝑟𝑖𝑡𝑎𝑖𝑛 𝑒𝑛𝑒𝑟𝑔𝑦 𝑖𝑛𝑑𝑒𝑝𝑒𝑛𝑑𝑒𝑛𝑡 𝑜𝑛𝑐𝑒 𝑎𝑔𝑎𝑖𝑛. 𝑇ℎ𝑎𝑡 𝑖𝑠 𝑤ℎ𝑦 𝑐𝑙𝑒𝑎𝑛 𝑒𝑛𝑒𝑟𝑔𝑦 𝑏𝑦 2030 𝑖𝑠 𝐿𝑎𝑏𝑜𝑢𝑟’𝑠 𝑠𝑒𝑐𝑜𝑛𝑑 𝑚𝑖𝑠𝑠𝑖𝑜𝑛.

I’m not sure that increasing the minimum EPC Rating will save the planet, when the West continues to sponsor death and destruction around the world.

𝑇ℎ𝑎𝑡 𝑖𝑠 𝑤ℎ𝑦 𝑐𝑙𝑒𝑎𝑛 𝑒𝑛𝑒𝑟𝑔𝑦 𝑏𝑦 2030 𝑖𝑠 𝐿𝑎𝑏𝑜𝑢𝑟’𝑠 𝑠𝑒𝑐𝑜𝑛𝑑 𝑚𝑖𝑠𝑠𝑖𝑜𝑛.

I think the country's mission will be to get them out way before then.....

Cost me 3k to move from D to C. Boiler, in need of changing anyway, loft insulation and all led lights did the trick. Already double glazed. My backup was to install a high efficiency gas fire as secondary heating as EPC assumes electric otherwise

I view the Gov's proposals targeting landlords to raise EPC as largely vacuous and unworkable.
More widely, a major problem with 'green' energy is the how inefficient it is and will always be so. Nuclear is the only answer to achieve a sustainable and economically realistic solution, not to mention bolstering the UK's energy independence. However, I know this would never be accepted as a solution by the climate alarmists. I'm still invested in oil and natural gas and expect to see healthy returns over the coming years.

Reply to the comment left by Andy at 22/11/2024 - 11:18
My investment in the Guinness Global Energy Fund is up 61%.

My IFA still asked why I wasn't interested in ESG funds... Go woke, go broke!

Apparently, we have the Rolls Royce SMNR technology available, and there was a lot of talk about them a while back. Why isn't Labour really pushing ahead with it?

The use of an EPC rating of C having to be achieved before a property can be offered for letting needs to be legally challenged on two grounds:

1. If C is the minimum rating regarded as satisfactory for a minimum living standard then it should be required for ALL property whether let or owner occupied otherwise it is unreasonable discrimination against those letting property in the PRS.

2. Back in the noughties the government of the day introduced a green levy on the price of energy to raise funds for the development of greener energy to help towards the reduction of global warming. Currently, all of the green levy is applied to electricity prices only which is a the primary reason why electricity is 4x as expensive compared to gas even though gas, with it's co2 emissions, is the energy that the government really wants to phase out. Because a large part of the EPC rating of a property is based on the cost of heating the property, this unfairly greatly disadvantages anyone with an all electric property.

If the EPC rating is going to be used as a criteria in letting legislation then there should be an adjustment of the green levy to include gas pricing as well so as to reduce the huge disparity that currently exists between gas and electricity costs.

So what are they going to do when we get to 2030 and there are still thousands of rental properties below C for various reasons, including that the landlord simply doesn't have the money because profits have been decimated by govt policy on the assumption that we are all millionaires drowning in excess cash? Or the labour and materials are not available in sufficient quantities to do all the necessary insulation, for example?
I'll be 62 by then anyway, so I'll probably just sell off any that can't reasonably be upgraded when tenants leave, and keep any that are already C or better.

Reply to the comment left by Andy at 22/11/2024 - 11:18
I love to see someone talking SENSE! Thank you 🙂