Landlords are working to improve the energy efficiency of their rental properties, according to the National Landlord Association’s (NLA) latest Landlord Panel.
Over half of landlords (51%) have made energy improvements to two of their properties and a further 12% have made improvements to five or more of their investments.
Energy grants, including Warm Front, the Carbon Emissions Reduction Target (CERT) and Community Energy Saving Programme (CESP), will end on 31st December 2012. As such, the NLA is urging landlords to use this funding while it lasts.
These schemes have been replaced with Government initiatives – the Green Deal and the Energy Company Obligation (ECO).
Chairman of the NLA, David Salusbury, states: “The private rented sector has a key role to play in ensuring Britain meets its energy targets and so it is important that we make use of the funding available.
“Furthermore, it is imperative that landlords future-proof their properties and their investments. If landlords don’t act now, they may find their property cannot be legally let come 2018 under the new legislation.
“With money left in the pot for the existing schemes, it’s important that landlords and tenants alike take advantage of the funding whilst it’s still available. It’s free for landlords and saves tenants money on their energy bills.”1
Energy saving landlord Marion Money comments: “I have made energy improvements to seven of my properties using Warm Front grants for central heating systems and insulation, together with loft insulation and draught-proofing measures using the CERT funding.
“I am quite passionate about energy efficiency – it benefits my tenants as they receive added value and cheaper energy bills. In fact, one of my elderly tenants was really delighted by the increased warmth and comfort provided by the central heating and insulation installation. And it’s not just my tenants who benefit – I am protecting my investment for the future. I would definitely advise other landlords to do the same.”1