Millions still unaware of their property’s EPC rating

With winter fast approaching amidst the worst energy crisis on record, new research has highlighted that around 43% of homeowners don’t know what their property’s EPC rating is, with 18% not knowing why their property has an EPC rating.

Related topics:  At Home
Property Reporter
16th November 2022
energy efficiency 2

The figures equate to over six million UK homeowners according to MyGlazing.com, which commissioned the research.

Knowing a property’s EPC rating is crucial for homeowners – especially those who rent out their property. In fact, from 2025 all properties which are being rented out will need an EPC rating of C or above, yet the research shows homeowners are uneducated when it comes to EPC ratings.

The new research also revealed that 45% don’t know where their EPC rating certificate is with 47% not realising that it can be found online. 55% are unclear on how much it costs to renew their property’s EPC rating and 17% say they don’t think EPC ratings can be improved. Two in three (66%) don’t think the government is doing enough to educate homeowners about EPC ratings

Tom Butler, from MyGlazing.com, comments: “Even though EPC ratings have been overlooked in the past, the ongoing energy crisis is only going to reinforce the need for energy-efficient homes and buildings across the country. One of the main culprits of heat loss is old draughty windows or doors. If they are not in full working order, homeowners could see up to 24% of heat energy escaping, ultimately meaning homeowners are quite literally throwing money out of the window.

“Energy costs are soaring, so it’s vital all homeowners do get the true benefit of the heat they are paying for, while avoiding excessive energy bills. One way of doing this is by making energy-efficient home improvements."

Making green home improvements doesn’t just have a positive impact on energy bills, but they also help increase a property’s EPC rating which goes hand in hand with a property increasing in value and buyer appeal.

The research also found that 25% are worried their EPC rating will stop them from selling their property in the future and 40% say they wouldn’t buy a character property due to fears there would be too much work to meet green targets.

Tom concludes: “Energy efficient home improvements can be costly; however, the long-term benefit makes them a real investment. In fact, homeowners said they would pay 15% more for a property which has an EPC rating of C or above.”

More like this
CLOSE
Subscribe
to our newsletter

Join a community of over 20,000 landlords and property specialists and keep up-to-date with industry news and upcoming events via our newsletter.