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Energy Performance Certificate or Every Property Charged?

April 17, 2012 | Comments: 0 | Views: 164

If you purchased or rented a property in the UK since late 2008, it is the law that you should be issued an Energy Performance Certificate for your property. For those who have no idea what it is here is a brief explanation: the Energy Performance Certificate is much like the EU label for energy efficient products, and when an assessment of a property is carried out, your home will be given a rating between A - G, A being the most energy efficient home and respectively G the worst. They let you the homeowner know how costly it is likely to be to heat and power, and what carbon dioxide emissions there will be.

You should receive an Energy Performance Certificate when you enquire about buying or renting a home. You'll need to provide one if you are selling or letting your home, and the certificate is valid for ten years. Currently the cost of having an assessment is between £40-£60, and the Energy Performance Certificate will show a potential rating of what the energy efficiency rating could be if recommended improvements are made, and highlights cost-effective ways to achieve a better rating.

The only problem is once you have carried out the recommendations on the Energy Performance Certificate, you have to pay again for another assessment to get the certificate for the improved rating.

If you already have an Energy Performance Certificate, you can use the tools on the epc advisor website for suggestions of what you can do to improve the energy efficiency of your property to gain a higher Energy Performance Certificate band rating. Improvements like solar power can have a great affect on the rating to your Energy Performance Certificate also renewable technologies like solar will qualify you to claim the feed-in tariff.

Feed-In Tariff

For those who don't know about the feed-in tariff, it is a levy paid to householders who choose to install renewable energy technology like solar, wind or hydro power. The tariff pays you for every unit of electricity you generate no matter if you use it yourself or export it back to the grid (for which they will pay an extra export fee).

Beware though, just last month the government has made changes to the rates of the feed-in tariff, linking solar to the energy performance certificate. Properties that install solar panels but rate lower than a 'D' rating on the energy performance certificate will be paid at a much lower rate (currently one third) of the feed-in tariff than other higher banded properties, and that the tariff will last for 25 years even if you upgrade your property to band 'D' or above in the meantime. As the UK government prepares to meet 2020 targets under the Kyoto agreement, there is going to be help available to households in the form of a new Green Deal due to be launched in October this year.

Green Deal

The Green Deal is a new government initiative designed to help meet the upfront cost of making your home more energy efficient. Under the Green Deal, energy companies will provide about £14 billion, to install energy-saving measures, like insulation, in homes and business. Everyone would be eligible for the scheme, with extra help for those on low incomes.

Homeowners would then gradually repay the installation costs via their electricity bills. This is not a like a personal loan as the charge would be attached to the meter and paid back through your utility bill. If you move out, the idea is that the new occupant will pick up the charge while also benefiting from a more energy efficient property.

One key feature of the scheme is that repayment amounts would always be less than the cost of estimated savings, so energy bills would not rise as a result.

Landlords Beware

If you currently rent out property in the UK, currently less well known is that by 2018 it will be illegal to rent out a property that has an energy performance certificate rating of less than E, either commercial or residential. As there are considerable numbers of properties that fall below this level this will cause a flurry of activity on the Green Deal as the deadline approaches, only one more step to taxing on energy efficiency, watch this space!

Saving Energy in your Home.co.uk is committed to helping residents of the UK bridge the energy gap by offering free information regarding energy savings which can be made around your home. As well as a range of renewable sources to generate your electricity and heating needs, carefully balancing the requirements of low-carbon emissions, security of supply and affordability. http://www.savingenergyinyourhome.co.uk

Source: EzineArticles
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