We are featuring news items relating to green and environmental issues as they relate to landlords.
Over recent months we have heard much talk of the governments 10-point climate change plan and have seen elements of it, such as the introduction of the Green Homes Grant (see our comments on that here). This month, we finally have the full list of 10 areas of focus. Read on for our explanation of the plan and what it means, if anything, for landlords.
Fareham Council followed Portsmouth, Southampton, Reading and others last month in stating that it wanted all of its activities to be carbon neutral by 2030. Portsmouth City Council has been on this path for a while, installing solar panels on schools and other public buildings, housing blocks and other properties throughout the city since 2016.This month, Portsmouth became the proud owner of the UK's largest operational Tesla Powerwall installation.
But what is a Powerwall, should you care and what does it mean for local landlords?
If you have a property that is EPC band E or worse and the tenant/s income in that property is no more than £30,000 per year, then you really need to take advantage of the Green Homes Grant. We have stated before that for most homes this appears to be targeted at too narrow a segment, but if you have a property that falls into that segment you really do need to take advantage of it.
The energy performance certificate (EPC ) has been with us now since 1st August 2007 in England and Wales. Like all new regulations required by central government, in the beginning this was a good idea. Allowing tenants to compare running costs of similar properties and estimate the running costs of properties going forward.
Unfortunately, like most adopted by the government, the standards increase over time and are ratcheted up until they become more of a burden than a benefit to Landlords.
We had hoped the MEES (Minimum Energy Efficiency Standard) consultation would be launched in time for this months newsletter, but while it is imminent, it is not out yet.
What we can say is that the pace of change is increasing. In our heading block above, we talk about EPC C or better by 2030, yet over the past month we have heard government suggest that this may be brought forward to 2028 and we have also heard suggestions that gas boilers will need to be phased out completely in a similar timeframe.
The latest government green housing initiative starts this month – whilst other landlord groups have hailed it positively, we see it as an opportunity missed and confirmation that central government really do not understand landlords or our business.
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