The Green Deal could be set for a boost after a government study found improving the energy efficiency of a home could increase its value.
Research by the Department of Energy and Climate Change on over 300,000 homes found that improving the Energy Performance Certificate (EPC) rating of a house could add up to £41,808 to its value.
The increase in value was different depending on the location of the property. Properties in the North-east with a EPC rating of G could expected to see price increases of 38% if improved to an A or B rating. Properties in London could expect to see a 12% price increase for the same improvement.
Energy minister Greg Barker said the study was evidence of the “huge potential rewards” of taking-up energy efficiency.
He added: “The Green Deal is helping more people make these types of home improvements, reducing high upfront costs and letting people pay for some the cost through the savings on their bills. The Green Deal is a great option for anyone wanting to improve the look, feel and potentially the value of their home.”
John Alker, director of policy at the UK Green Building Council, said the study provided “evidence that the retrofit industry has been craving for a long time”.
He added: “It also provides a timely boost for the Green Deal, which will bring down the upfront cost of a retrofit package for those who choose to use it.”
James Brooks, director at Brooks Estate Agents, said energy efficiency was become a serious concern for house buyers.
He added: “With fuel bills continuing to rise, buyers are becoming more and more conscious about the energy efficiency of their prospective new homes and are willing to invest more in a property now if they know it will cost them less to run in the future.”
Urban Energy
We are an innovative organisation specialising in the financing, design and installation of economical and environmentally sound green energy solutions for homes and businesses in the South West.
We only install products that lead the way within the renewable energy industry and that are renowned for their high quality and ecologically sound production. This reflects our own high standards and quality assurance.
We understand that introducing a renewable energy system i.e solar panels, to either your home or business is an investment that lasts for many years. With our in-house installation team and electrical division, it is our promise to you the customer, that your satisfaction and peace of mind throughout this period is our number one priority.
The Granary, Phillips Lane, Stratford-sub-Castle, Salisbury SP1 3YR
Tel: 0800 2321624
Email: info@urbanenergy.org.uk
Showing posts with label Energy Performance Certificate. Show all posts
Showing posts with label Energy Performance Certificate. Show all posts
Wednesday, 11 September 2013
Thursday, 24 May 2012
Energy Performance Certificate
Energy Performance Certificate (EPC):
An EPC is an energy efficiency assessment of your home or
business dwelling; all properties require one when they are built, sold or
rented. Like appliances, they are rated from A to G with 'A' being the highest
level of efficiency. They contain information about the current performance of
your property and give you a rank based on this. They also make recommendations
about measures you could introduce to make your home more efficient, reduce
your carbon emissions and boost your rating. D is the average rating for houses
in the UK; it is estimated that around 50% of houses are below this level.
In the main, your EPC rating will be based on a few key
factors:
• When
your property was built.
• Whether
the property is insulated and to what degree.
• How
modern the heating system is and what fuel is used.
• The
property's ventilation characteristics.
Why you need one:
From 20 March 2012, the Feed-in Tariff rules require level
'D' Energy Performance Certificates.
From April, customers installing solar PV will be required
to produce an Energy Performance Certificate (EPC) of a minimum of level D in
order to claim the full feed-in tariff rate of 21p/kWh. Those who do not supply
this as part of their FIT application will receive a lower tariff (9p/kWh) for
the full duration of the tariff lifetime.
How to get one:
Urban Energy have fully trained EPC assessors. We offer an
EPC survey as part of our installation package, however should you require just
the EPC assessment; we are able to provide you with this service for a fee of
£65.00.
How is the assessment carried out:
During the assessment you can make it easier for your
assessor by telling him about any energy saving measures you have installed. If
you have had cavity insulation it's not always easy to see without knowing it's
there and it could mean you get a lower rating than you deserve.
It is also worth noting that, in some cases, installing a
solar PV or solar thermal system will boost your rate enough to raise your EPC
level to a D. We will let you know if this is the case for your property. It
should be noted that a property must already have an EPC rating of D or above
to achieve the higher tariff for PV installations.
Urban Energy
Urban Energy has earned a reputation as the south’s leading
renewable energy specialist. This has been achieved by ensuring that from the
initial point of client contact we offer 1st class customer service and care.
We only install products that lead the way within the
renewable energy industry and that are renowned for their high quality and
ecologically sound production. This reflects our own high standards and quality
assurance.
Our experienced surveyors can carry out a free, no
obligation survey of your house or business that can help you save thousands of
£’s per annum. We have our own fully qualified installers, electricians and
plumbers who oversee every aspect of every installation.
We understand that introducing a renewable energy system to
either your home or business is an investment that lasts for many years. With
our in-house electrical and plumbing division it is our promise to you the
customer that your satisfaction and peace of mind throughout this period is our
number one priority.
Eco Barn Showroom now open: 10.00 – 5.00 Monday to
Friday and 10.00 – 4.00 Saturday
Call us on: 0800 232 1624 or 01722 335 322
Email us at: info@urbanenergy.org.uk
Email us at: info@urbanenergy.org.uk
Tuesday, 2 March 2010
Green Loans Q&A: How does Pay As You Save (PAYS) finance work?
Q). When can I apply for a loan to improve the energy efficiency of my home?
A). Pay As You Save green finance, with repayments linked to the property, will require primary legislation and we'd expect them to be in available by 2012.
Q). What is the most I can borrow?
A). Our current measures are tackling the easy-to-achieve measures, like loft insulation, so the point of making green finance available in the future is to remove the upfront costs of relatively expensive improvements. The cost to each household will be different depending on which measures they install, which will in turn depend on the type of property but the average upgrade could be about £8,000-£10,000.
Q). What measures are eligible for funding?
A). By an eco-upgrade we mean the installation of a set of measures that goes significantly beyond basic insulation to include more expensive improvements such as solid wall insulation or a form of renewable energy generation. Small-scale renewable electricity (photovoltaic solar electrical panels) and heat technologies (solar thermal panels) will also be eligible for the additional incentive provided by the Feed-in Tariff (FiT) and Renewable Heat Incentive (RHI) from April this year and April 2011 respectively.
Q). You say my combined payments for the loan and my energy bills, will be lower than my old energy bills? Can you give me an example?
A). If you spent £4,200 installing a typical solar thermal hot water system on the roof of a 3-bed semi, you would expect to get over £500 a year from savings on your energy bill and income from the Renewable Heat Incentive. If you chose a Pay-As-You-Save (PAYS) loan over 25 years to cover the installation costs, you would repay about £330 a year. So even after making your PAYS repayment you would be about £170 a year better off.
Q). What happens when I move home?
A). On average people move house every 12 years, which may not be long enough a period for the bill reductions to cover the upfront costs. So the point of attaching PAYS finance to the property is that householders would only be responsible for the repayments while benefiting from the measures. When you move house, responsibility for repayments would pass to the new owner.
Q). Won't that mean my house is less desirable to potential buyers?
A). No - anyone buying a property with repayments attached to it would benefit themselves from the moment they move in from lower energy bills than they otherwise would have been. Sellers would be able to make a virtue of improvements through the advice contained in their Energy Performance Certificate.
Q). I rent my home. How can you make my landlord increase the energy efficiency of my home.
A). Energy suppliers have obligations now to improve the energy efficiency of all homes, and today we've said we'll extend that obligation beyond 2012. For the private rented sector, we've said for the first time today that we'll be consulting on regulation to require standard insulation measures (loft and cavity insulation) to be a condition of renting out a property.
Reference: Department of Energy and Climate Change (DECC)
URBAN ENERGY
Our mission: “To provide and install, sustainable, world class, clean energy products with the highest level of service and care”.
Urban Energy is an innovative organisation specialising in the financing, design and installation of solar powered energy systems for commercial property (private and public) and domestic dwellings. Our expertise in the field of Government sponsored funding programmes, PAYS loans, FiT's, RHI's and solar power products will provide individuals and organisations with an excellent opportunity to overcome capital cost barriers, save money on energy bills, increase profit margins, increase the value of their property and reduce their carbon footprint.
Urban Energy employ the very best engineers in this field, all of which are fully qualified, certified and Government approved to carry out this task, complying with strict guidelines and are members of the Solar Trade Association.
For further information about Urban Energy products and services:
Call: 0800 232 1624
Email: info@urbanenergy.org.uk
Website: http://www.urbanenergy.org.uk/
A). Pay As You Save green finance, with repayments linked to the property, will require primary legislation and we'd expect them to be in available by 2012.
Q). What is the most I can borrow?
A). Our current measures are tackling the easy-to-achieve measures, like loft insulation, so the point of making green finance available in the future is to remove the upfront costs of relatively expensive improvements. The cost to each household will be different depending on which measures they install, which will in turn depend on the type of property but the average upgrade could be about £8,000-£10,000.
Q). What measures are eligible for funding?
A). By an eco-upgrade we mean the installation of a set of measures that goes significantly beyond basic insulation to include more expensive improvements such as solid wall insulation or a form of renewable energy generation. Small-scale renewable electricity (photovoltaic solar electrical panels) and heat technologies (solar thermal panels) will also be eligible for the additional incentive provided by the Feed-in Tariff (FiT) and Renewable Heat Incentive (RHI) from April this year and April 2011 respectively.
Q). You say my combined payments for the loan and my energy bills, will be lower than my old energy bills? Can you give me an example?
A). If you spent £4,200 installing a typical solar thermal hot water system on the roof of a 3-bed semi, you would expect to get over £500 a year from savings on your energy bill and income from the Renewable Heat Incentive. If you chose a Pay-As-You-Save (PAYS) loan over 25 years to cover the installation costs, you would repay about £330 a year. So even after making your PAYS repayment you would be about £170 a year better off.
Q). What happens when I move home?
A). On average people move house every 12 years, which may not be long enough a period for the bill reductions to cover the upfront costs. So the point of attaching PAYS finance to the property is that householders would only be responsible for the repayments while benefiting from the measures. When you move house, responsibility for repayments would pass to the new owner.
Q). Won't that mean my house is less desirable to potential buyers?
A). No - anyone buying a property with repayments attached to it would benefit themselves from the moment they move in from lower energy bills than they otherwise would have been. Sellers would be able to make a virtue of improvements through the advice contained in their Energy Performance Certificate.
Q). I rent my home. How can you make my landlord increase the energy efficiency of my home.
A). Energy suppliers have obligations now to improve the energy efficiency of all homes, and today we've said we'll extend that obligation beyond 2012. For the private rented sector, we've said for the first time today that we'll be consulting on regulation to require standard insulation measures (loft and cavity insulation) to be a condition of renting out a property.
Reference: Department of Energy and Climate Change (DECC)
URBAN ENERGY
Our mission: “To provide and install, sustainable, world class, clean energy products with the highest level of service and care”.
Urban Energy is an innovative organisation specialising in the financing, design and installation of solar powered energy systems for commercial property (private and public) and domestic dwellings. Our expertise in the field of Government sponsored funding programmes, PAYS loans, FiT's, RHI's and solar power products will provide individuals and organisations with an excellent opportunity to overcome capital cost barriers, save money on energy bills, increase profit margins, increase the value of their property and reduce their carbon footprint.
Urban Energy employ the very best engineers in this field, all of which are fully qualified, certified and Government approved to carry out this task, complying with strict guidelines and are members of the Solar Trade Association.
For further information about Urban Energy products and services:
Call: 0800 232 1624
Email: info@urbanenergy.org.uk
Website: http://www.urbanenergy.org.uk/
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