The property industry is calling for help in this week’s Budget so property owners and businesses can boost their energy performance certificate (EPC) ratings.
The British Property Federation (BPF) is warning that without urgent action, the UK will fail to hit its 2050 net zero target.
The organisation says an estimated 58% of properties have an EPC of D or lower in England, with less than a fifth of homeowners planning to improve their property’s energy efficiency.
Landlords are under particular pressure to boost EPC ratings. All new UK tenancies will be expected to meet an EPC rating of C from April 2025. and existing tenancies by 2028, under current proposals.
“The government needs to recognise the importance of incentivising energy upgrades across both the commercial and residential property sectors in the Budget. The Chancellor has a clear opportunity to alleviate costs for households and encourage investment in measures that improve a property’s energy efficiency.” says Melanie Leech, British Property Federation