{"id":25333,"date":"2023-10-12T09:20:44","date_gmt":"2023-10-12T08:20:44","guid":{"rendered":"https:\/\/smh.group\/?p=25333"},"modified":"2024-03-22T13:59:54","modified_gmt":"2024-03-22T13:59:54","slug":"energy-efficiency-targets-shelved","status":"publish","type":"post","link":"https:\/\/devstagesite.co.uk\/smhgroup\/energy-efficiency-targets-shelved\/","title":{"rendered":"Energy efficiency targets shelved"},"content":{"rendered":"

The government\u2019s backtracking over the introduction of energy performance targets for property let out in England and Wales is facing criticism, but it will be welcome news for landlords with older properties deemed too expensive or difficult to upgrade.<\/strong><\/p>\n

Let property must currently have an energy performance certificate (EPC) rated E or above. Without this, the property cannot be legally let regardless of whether the tenancy is an existing one, a renewal or a new let. The government\u2019s intention was to raise the EPC requirement to C or above by 2028.<\/p>\n

The penalty for not having a valid EPC is \u00a35,000. Under the now scrapped proposals, the penalty was going to be \u00a330,000.<\/p>\n

The cost<\/strong><\/h2>\n

The cost of moving from a D or E rating to a C would typically be in the region of \u00a310,000 to \u00a320,000. There were reports that the government would have covered anything over \u00a310,000, but that would still leave a significant burden for many landlords. As capital expenditure, most upgrades would not even have qualified for tax relief against rental income.<\/p>\n