RLA members receive funding for essential energy efficiency improvements

From the 1st April 2018, it will be unlawful to let a property that breaches the minimum energy performance rating of E on an Energy Performance Certificate, unless there is a sufficient exemption.

Worryingly, a new survey has revealed that 49% of landlords do not feel adequately informed on how to make these improvements to their property.

Energy Efficiency

The survey from E.ON suggests that landlords will not only struggle to make their property compliant with minimum EPC rating regulations, but could also miss out on other benefits linked to this compliance.

Those landlords who are members of the Residential Landlords Association will be pleased to learn that the trade body has managed to secure a £1.5m funding pot from E.ON, in order to supplement these improvements.

Giving his reaction, Andrew Goodacre, Chief Executive of the RLA, said: ‘The RLA is delighted to secure the £1.5m of funded works from E.ON for landlords to install the vital energy efficiency improvements. These funded works will benefit qualifying landlords by easing the upfront costs of improvement works and tenants through reduced energy bills.’

‘Hundreds of thousands of properties are not currently meeting the minimum standards set to be introduced next April and we would urge any landlords who believe they fit the criteria to get in touch to find out exactly what they are eligible for.’[1]

Improvement Funding

The agreement, which runs until 30th September 2018, sees qualifying landlords able to apply to E.ON to gain funding to carry out any necessary improvement works to their rental properties.

This funding is aimed at landlords with tenants in receipt of benefits and whose properties come under the required EPC rating. All works are available subject to a property survey and a benefit assessment.

Qualifying benefits for the funding include:

  • Pension Credit – Guarantee Credit
  • Child Tax Credit or Working Tax Credit
  • Employment and Support Allowance (Income Based)
  • Income Support
  • Universal Credit

RLA landlords can apply for:

  • Free Cavity Wall and Loft Insulation
  • Funding towards costs of E.ON installing external wall insulation for solid wall accommodation
  • Funding towards the cost of E.ON installing a boiler upgrade or replacement

Nigel Dewbery, head of energy efficiency at E.ON, stated: ‘Whether landlords have in the past been put off by the perceived hassle, expense, or their own lack of knowledge around the subject of energy efficiency, the clock is definitely ticking on the need to improve properties and we’re really pleased to be working with the RLA to support members to prepare for the new legislation.’

‘In a recent survey, we found over a quarter (28%) of landlords said they feel worried about the cost of making their property compliant. To answer this we’ve developed a range of services to give them the support they need, from online account management that allows landlords to better control their property portfolios through to a range of insulation and heating services to make rented properties more energy efficient.’

‘We hope working with the RLA will enable us to support landlords with a range of funding options to bring down the costs of achieving the standards whatever measures they require to upgrade their property.’

[1] https://www.landlordtoday.co.uk/breaking-news/2017/9/funding-available-to-help-landlords-install-vital-energy-efficiency-improvements

 

 

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