Posts Tagged ‘energy’

The energy performance and energy efficiency of properties has become a key concern, but if new government proposals go ahead, landlords could be stopped from letting badly insulated properties. 

According to the latest strategy plan from the Department of Energy and Climate Change, any landlords letting properties will have to upgrade the energy efficiency of the property to a minimum standard before they are allowed to let it out. For example, loft and cavity wall insulation would have to be put into older properties as a condition for being allowed to rent them out.

This isn’t the only new proposal though, as there’s also the suggestion that homes with low energy efficiency will lose their value – so if you don’t do anything to help improve energy efficiency, when you come to sell the property, estate agents will be advised to provide a lower than average property price.

The theory behind these new proposals is that landlords and homeowners will be more likely to pay for energy efficient home improvements, such as improved insulation and solar panels, if it will improve the value of their property. There will be further rewards for those who embark on improvements, in the form of council tax rebates of over £1000 a year for property owners improving insulation.

All these plans are part of the government’s “Warmer homes, greener homes” initiative, which aims to help cut carbon emissions by a third by the year 2020. Currently, nearly a quarter of British carbon emissions stem from the energy used in homes.

What do you think – do the plans sound viable to you? If you have an older rental property, have you done anything to improve its efficiency?

It’s time to get checking the boilers in your rental properties, as full details of the new government boiler scrappage scheme have been announced.

The Chancellor first put forward the idea of a boiler scrappage scheme in his pre-budget report in December 2009 and the full details have been quickly put together. The idea is that landlords and homeowners in England trade in their old, inefficient boilers and receive a discount of £400 towards the cost of a new boiler.

To qualify for the scrappage discount, the boiler must be a G-rated or worse. Also, if you’re under 60, then the boiler you’re scrapping must be in working order and the main boiler used to heat the house.

The scheme currently only applies to properties in England and landlords who rent homes and home owners are eligible; social landlords, housing associations and boiler installers aren’t.

However, British Gas and npower have recently launched their own versions of the boiler scrappage scheme, in competition with the government, and these both cover properties in Scotland and Wales.

If you’re not sure if your boiler is G-rated, then the Energy Saving Trust suggest:

• If it’s a gas boiler and has a permanent pilot light, then it’s likely to be a G-rated boiler.
• If it’s gas fired and over 15 years old, it’s likely to be eligible.
• If it’s oil fired and over 20 years old, it’s likely to be eligible.

You could also check your boiler eligibility on the Government Boiler Efficiency Database or the SEDBUK Boiler Efficiency Database.

The downside of the scheme is that it will only be available to the first 125,000 people to apply – so get your skates on if you think you’re eligible.

You can find more information about applying for the scheme on the Energy Saving Trust website.