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South Warwickshire Landlords Forum
David Jullien(Act on Energy)
12 November 2014
Benefits of Energy Efficiency in Privately Rented Homes
For Tenants
For Landlords• Lower fuel bills• Warmer homes• Healthier environment• Less debt• More disposable income
• Less complaints• Less condensation damage• Less tenant illness• Less rent arrears• Improved reputation
Support for Energy Efficiency
Measures
• Insulation• Double glazing• Heating improvements• Hot water improvements• Renewable heating• Renewable electricity
• Green Deal (loan) + HIF?• ECO (grant/subsidy)• RHI (payment)• FIT (payment)• Landlord Energy Saving
Allowance (tax deduction)
Source
The Energy Act 2011- provisions to regulate private rented sector
Private Rented Sector- Energy Saving
• From April 2016- landlord can’t refuse a tenant’s request for EE improvements (if available through Green Deal or ECO)
• From 2018- can’t rent property with EPC band F or G
(England 9.2% homes in band F/G)
• Currently- landlord and tenant have to agree before GD loan is taken out
X
New fuel bill
wall insulation
double glazing
HE boiler
roof insulation
GREEN DEAL- How it Works
GD loan repayment
*3 ECO Grant
*1 cost meets golden rule
doesn’t meet golden rule
total saving £1,400
*2 Top-up needed
Add Improvement measures
repayment more than saving
Funding options
*1 “Green Deal” from Green Deal provider-commercial loan repaid through electricity bill
*3 “ECO”- grant from energy supplier (£1.3b/yr) £780m- carbon saving obligation (private sector)£330m- affordable warmth obligation (benefits)£160m- carbon saving communities (private sector)£ 30m- carbon saving rural communities
*2 Personal savings, mortgage or other loan
£2,800
=
£2,200
£1,950
£1,800
£1,400
A
E
D
C
B
EPCband
F
fuel bill
£1,350
SAP
G
1
100
21
39
55
65
81
92
ave
typical older property
• Home Heating and Cost Reduction Obligation (HHCRO)
• Carbon Saving Community Obligation (CSCO)
• Carbon Emission Reduction Obligation (CERO)
2014 ECO rules changed
Reduced by 33%
No change
Same target but extended to 2017
Excess can be carried over to following years
RESULT- targets reached / schemes stopped / more in April 2015 ?
Energy Company Obligation (ECO)
• Feed in Tariff
• Solar electric
• Wind
• Combined Heat and Power
• Renewable Heat Incentive
• Heat Pumps
• Biomass
• Solar water heating
• Combined Heat and Power
Renewable Energy
Landlord’s Energy Saving Allowance
Tax reduction of up to £1,500 (Tax Return)
• Loft, Wall and Floor insulation
• Draught proofing
• Hot water system insulation
DIY installation- claim materials not labour
Gov.uk website https://www.gov.uk/green-deal-energy-saving-measures
Ofgem websitehttps://www.ofgem.gov.uk/environmental-programmes/energy-
companies-obligation-eco
Act on Energy: Freephone 0800 988 2881www.actonenergy.org.uk
Contacts