3. EPC's Flashcards
What is an EPC and what does it include?
Energy Performance Certificate
They establish energy efficiency standards and enforce minimum requirements.
Mandatory for selling or letting properties.
Valid for 10 years unless the building is altered. If so, a new EPC will be required for marketing.
What is the purpose of an EPC?
Rates a property’s energy efficiency from A (most efficient) to G (least efficient) and provides recommendations for improving energy performance. It helps buyers, tenants, and property owners understand energy costs and compliance with Minimum Energy Efficiency Standards (MEES).
What are the 5 provisions of EPC’s
- Higher stadards of energy conservation for new and refurbished buildings
- Establishing a calculation methodology for the energy performance of all buildings
- Minimum requirements for the engergy performance of all buildings
- Energy certification for all buildings when built, modified or when leased or sold
- Mandatory inspection of boilers and air conditiong systems in buildings
What are the current EPC rules (England and Wales)?
EPC required for buildings with a total useful floor area of 50 sq m or more
- When it is newly built, sold or let for more than 6 months
- When it is newly refurbished
There are exemptions for:
* listed buildings
* religious buildings
* buildings due to be demolished/redeveloped
What are some EPC requirements for marketing?
- Must be commissioned within 7 days of the commencement of marketing (28 day limit for procurement)
- Agents are responsible for procuring EPCs
What is on the front page of an EPC Certificate?
- Address
- Floor area
- Reference number
- Estimation of energy running costs
- Energy perfomance rating: A+ - G
What penalties are there for non-display of an EPC in marketing material?
Max penalty is equal to 12.5% of the RV of the building (a minimum of £500 or max £5,000).
