Do you know energy-efficient properties save lots of money and help the environment? Moreover, these properties are in the highest demand these days. In fact, energy efficiency leads to lower costs. Since heating costs are affecting renters, they’re looking for an energy-efficient property.
Looking for ways to enhance your property’s energy efficiency? Well, there are lots of such ways to take. But do you know ECO Grants in the UK are helping landlords to improve the energy efficiency of their properties? You can check your eligibility because you may qualify for these grants. What’s more, these grants support you to turn your home into an energy-efficient haven.
For example, you can replace your old, in-efficient boiler with its more energy-efficient counterpart. Next, you can apply for solar panels, insulation measures, and central heating grants. All these steps contribute to energy-efficient homes.
Financial benefits of energy-efficient properties
Without a doubt, efficient homes cut tenants’ energy costs. Moreover, tenants like to live in such homes for a longer time. This saves the landlord precious time. Next, if a landlord wants to sell their property, insulation is unavoidable. Further, you can easily sell or rent out their properties. Consequently, a higher energy efficiency rating maintains your buy-to-let investment. All within the EPC E rating threshold. What’s more, tenants prioritise energy-efficient homes. They always seek homes supporting a sustainable lifestyle. What’s more, landlords can attract quality tenants and cut costs. For the same reason, concentrating on efficiency upgrades benefits both parties. Energy-efficient homes trim down utility bills for tenants. In addition, landlords cut expenses and future maintenance costs.
Conduct an energy audit of your home
Well, this is the very first step towards energy efficiency. Moreover, this will give you an idea of how energy-efficient is your property. So initiate an energy audit to enhance the efficiency of your property. First, you should identify areas needing improvement. Next, examine insulation in lofts, walls, and floors. Unquestionably, inadequate insulation causes heat loss. So evaluate windows for leaks, rot, and efficiency. Furthermore, assess the heating systems’ age and condition. Finally, identify air gaps and leakage spots. In brief, an audit reveals hidden improvement areas. It offers a blueprint for efficiency upgrades.
Insulate your property
Undeniably, insulation is the most important element of energy efficiency. It acts as a heat barrier, maintaining indoor temperatures. Properties over 20 years old often lack sufficient insulation. So make sure your home is well-insulated. In fact, without proper insulation, you cannot reduce your energy bills. Moreover, you’ll face lots of difficulty in selling or renting out your property. So prioritize insulation using the required materials. You can opt for fiberglass or rigid foam boards. Further, try to eliminate gaps during installation to prevent heat transfer.
Now, ensure windows and doors have weatherstripping to seal air leaks. On top of that, replace rotting weather stripping. Also, locate caulk gaps for effective insulation. These steps improve air sealing and complement insulation upgrades. To conclude, improved insulation ensures tenant comfort and lowers utility costs. What’s more, it provides warmth in winter and coolness in summer.
Energy efficiency through renewable energy
You can explore renewable energy options for your property. Solar PV panels and heat pump systems are popular choices. Solar panels undeniably cut electricity costs because they generate clean energy. Moreover, they evidently promote green technology. So as a landlord, you can signal your commitment to sustainability. Next, there are heat pumps. These efficiently transfer heat for heating and cooling. In this way, you can incorporate solar panels and heat pumps. They’ll add to your property’s sustainability. Moreover, you can apply for grants to get solar panels and heat pumps.
Increase your EPC scoring
No doubt, Energy’s Performance Certificates (EPCs) show how energy-efficient your home is. Every UK rental property must have an EPC rating. But minimum requirements are evolving. By 2025, all rentals must have a rating of ‘C’ or higher, with a 2028 target for existing tenancies. The current average EPC band in England and Wales is D. But, if you’re not sure of your current rating, you can involve an EPC assessor. They’ll recommend you necessary improvements.
Use energy-efficient appliances
This is a simple step towards home energy efficiency. Always use Energy Star-rated appliances. First, exchange large, energy-intensive units for smaller, portable alternatives with lower upfront costs. Opt for devices that serve dual purposes. For instance, you can have a dehumidifier or heater, to save energy in multiple areas.
Conclusion
By following these tips, you can turn your property into an energy-efficient haven. Energy efficiency is the demand of buyers and renters. It is because everyone wants to save energy and cut costs on energy bills. So if you’re a landlord, it’s time to take action. Moreover, you can apply for several government grants. These grants can help you to opt for more energy-efficient measures.
