A Green Assessors can advise on and carry out an Energy Performance Certificate (EPC) for your commercial property. We offer a very competitively priced service, so call us today and speak to one of our trusted advisors.
Why your business needs to make energy efficiency improvements?
Dozens of research studies have proven that many commercial tenants, investors, and buyers are indeed paying a premium to lease or buy energy-efficient properties, and that owners of efficient commercial buildings are experiencing higher occupancy rates and faster lease-up periods, increasing their operating income.
The Energy Performance Certificate
An Energy Performance Certificate (EPC) contains useful information to compare the costs of heating and lighting different properties. It also shows which energy saving measures are suitable for the property. An EPC needs to have been commissioned (but not produced) before a property is put on the market and soon as it is available the EPC rating (from A to G) should be included in any advertising of the property, including online.
It is the legal responsibility for vendors and landlords to ensure that an EPC is provided to every prospective tenant when the property is rented out.
Minimum Energy Efficiency Standards (“MEES”)
What is MEES?
The Government’s Energy Act, passed in the last parliament included a provision that from April 2018 it will be unlawful to rent out a business property with an EPC rating below the Minimum Energy Efficiency Standards - an ‘E’ rating. The key points to note are:-
- Minimum Energy Efficiency Standard (MEES) make it unlawful for properties with For G Energy Performance Ratings to be let without implementing cost-effective energy efficiency improvements
- MEES comes into effect on 1st April 2018 for new leases and lease renewals/extensions where there is an EPC already. MEES comes into effect on 1st April 2013 for all existing leases;
- Penalties for non-compliance begin at £5,000 rising to a maximum of £150,000
What should landlords be doing?
Landlords need to act now, 2018 may seem some way off, given the time needed to identify where building efficiency upgrades are needed, and formulate the strategy to install them, delaying the process could prove very costly.
How can Green Assessors Help
- Undertake a full portfolio review to identify where the real risk lies. A recalibration of all EPCs needs to be undertaken, as EPC conventions have changed, and to ensure the base EPC for each building is accurate
- Categorise the buildings into:
- Uncategorized or non compliant
- For all uncategorized / non compliant buildings—produce a matrix showing energy efficiency improvements that are applicable and the impact on the EPC rating. Allowing Landlords to focus on the most value add measures
- Make energy efficiency improvements to ensure building exceed minimum energy efficiency standard. Undertake a Post Investment EPC to confirm improved rating.