‘No cost’ financing MEPS exemption could be eliminated

‘No cost’ financing MEPS exemption could be eliminated

In a consultation published last month, the Government consulted on eliminating the MEPS exemption for landlords unable to access ‘no cost’ financing.

From April 2019, Landlords of domestic properties could be required to pay up to £2,500 for energy efficiency improvements, under the Minimum Energy Performance Standards (MEPS) legislation. This is according to a consultation published by the Government last month.

As of April this year, the MEPS legislation will make it unlawful for a landlord to let a property with an EPC rating of F or G, unless they have sufficient evidence to apply for an exemption. For properties to achieve the desired E rating, the government is proposing to introduce a cost cap for landlords to spend up to £2,500 per property, which currently has an F or G rating.

The Green Deal scheme which was launched in 2013, was intended to provide funding for landlords to make energy efficiency improvements to their properties, however in 2015, the Government ended public investment in the scheme.

Currently it is estimated that there are 280,000 properties with an F or G rating across England and Wales. In the consultation it is stated that with a cap of £2,500 for improvements, an estimated 85,000 homes will achieve the E rating, leaving 195,000 properties non-compliant.

Compliance365 can help you to become compliant with the legislation. Our team of Energy and Carbon Consultants will provide cost-effective solutions in order for you to achieve the desired E rating. To find out more about how we can help you, click here or send us an email to sales@compliance365.co.uk.