EPA's and EPC's - Understanding Energy Performance Assessments
Today, Nick considers the intricacies of Energy Performance Assessments (EPAs) and Energy Performance Certificates (EPCs), focusing primarily on domestic properties. He explains the significance of these assessments in the context of the UK's commitment to reducing carbon emissions as part of international agreements like the Kyoto Protocol and the Paris Agreement. Nick discusses the assessment process, including the factors considered by energy assessors, such as insulation, heating systems, and energy-efficient technologies.
KEY TAKEAWAYS
EPAs are conducted to evaluate the energy efficiency of properties, which is crucial for the UK's commitment to reducing carbon emissions as part of international agreements like the Kyoto Protocol and the Paris Agreement.
Improving energy efficiency in rental properties can significantly benefit tenants by reducing energy costs, enhancing living conditions, and preventing issues like fuel poverty, where individuals struggle to afford heating.
Energy assessors evaluate various factors in a property, including insulation, heating systems, and energy-efficient appliances. They use software algorithms to generate recommendations for improving energy efficiency.
Properties are rated on a scale from 1 to 100, with a minimum rating of D required for rental properties, which is expected to rise to C in the future. The rating system categorises properties from G (1-20) to A (92+).
Common suggestions for enhancing energy efficiency include installing insulation, draft-proofing, and using energy-efficient lighting. However, some recommendations, like external wall insulation for Victorian houses, may not always be cost-effective or suitable.
BEST MOMENTS
"So why were EPAs inducing it? Well, I think in previous episodes I've discussed that UK signed up the Kyoto Protocol back in '97, then later on to the Paris Agreement."
"Landlords fear EPAs, you know, having to get them to a C rating. There has been and always will be exemptions to this."
"The average household produces six tons of CO2; this property uses 5.4 tons of CO2, so it's quite good."
"Rishi Sunak saying I'm scrapping EPCs was a load of bollocks. All the main parties were committed to this. It was staying."
"If you block your fireplace up, put a vent in it, because it allows that flue to keep the airflow and keeps it dry inside."
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HOST BIO
Nick is an award winning property investor, voted Fastest Newcomer 2022 by Premier Property, and is an accredited Retrofit EPC Assessor. He sources and renovates properties for himself as well as other investors. While doing this he has developed his own systems for efficient investment, such as developing his own methods to save time when viewing properties and estimating market values and potential returns, costing out renovations.
He spends three months of the year abroad and while there continues his business with use of modern technology and his proven systems.
Location freedom has always been his "Why" for being a Property Investment and has now reached his ideal of the colder months spent in Thailand and the rest of the time in the UK, all while continuing to run his business
This Podcast has been brought to you by Disruptive Media. https://disruptivemedia.co.uk/
UK