Property experts Mather Jamie are pre-warning their clients to be aware of forthcoming changes to regulations on energy efficiency.
From April 1st 2018, it will be unlawful to let, or sell, properties in England and Wales which fail to meet the newly prescribed minimum energy performance standard, following changes to the law as a result of the Energy Act 2011.
With just a few exceptions – such as listed buildings – all commercial properties marketed for sale or letting currently require an Energy Performance Certificate (EPC), giving the property an energy efficiency rating from A (most efficient) to G (least efficient). Properties which fail to achieve an E rating or above could be severely restricted when disposing or letting the property.
James Hunt, Commercial Management Surveyor at Mather Jamie said, “Owners of commercial properties should know that they have little more than two years before changes in the law take effect, meaning properties in their portfolio which don’t measure up to the required EPC ratings will need to be upgraded before they are put on the market.
“These necessary changes needn’t be excessive or expensive however, and Mather Jamie can provide property owners with expert advice to ensure their property portfolio is future-proofed against the coming regulations and the increasing scrutiny of energy efficiency within the property market.”
It is estimated by the Department for Communities and Local Government that non-dwellings (which include commercial properties) are responsible for almost 20% of the UK’s energy consumption and carbon emissions.