financial benefits and those that provide social benefits
“The Energy Performance Certificate (Scotland) Regulations 2021, which sets out the requirements for a building to be deemed as good enough to obtain a rating is the most important piece of legislation for managing buildings in Scotland. This builds on the policy set out in the Building Energy Act of 1995. The policy introduced here sets out the various types of benefits that come with buildings that have achieved an excellent rating, and how these benefits are to be rewarded. These are then broken down into two categories – those that provide financial benefits and those that provide social benefits. Both of these categories, and the various programs that derive from them, are discussed in this article.
One of the main benefits from achieving an energy performance certificate, or a rating of excellent, is that it can bring about significant improvements in the value of your home. In fact, some estate agents and buyers consider the ratings as a necessary prerequisite for buying properties. It is worth remembering though that achieving these certificates will not automatically increase the value of your property. However, they will certainly make it easier for prospective buyers to determine whether or not you are a safe and reliable investment. If you have your own building, you will know that there is a keen interest in the rating as many tenants rent properties that are below the required standard. Prospective tenants would also be wary of letting a property to someone who does not come back on time and on schedule.
how much an energy performance certificate
If you look at the different types of ratings that are available, it seems that you will get some that focus more on the financial benefits. One such scheme is one that sets out how much an energy performance certificate will save you over an average period of 20 years. A further scheme looks at how much heating bills a property will cost you over the long term. Each of these is designed to give potential tenants an indication as to what they can expect from a property based on the kind of lifestyle that will be expected of them.
An energy performance certificate is not normally required for newly built properties. Instead you will be expected to find an agent who will perform an inspection on your behalf and take a carbon footprint estimation for you. You will then be expected to pay a certain amount towards the costs of this, along with the usual stamp duty and other taxes. If you make a substantial investment, you may want to think about getting this certificate as the better rated properties will almost always pay more for the same level of heating and cooling costs over the coming years.
energy-efficient over the coming years
As buildings become more energy-efficient over the coming years the ratings will change. This will happen as new insulation, boiler designs and other technologies become available that use less power to run these systems. If you choose a property with an Energy Performance Certificate that has been awarded a high rating, you may find that its price is increased slightly from those that had a rating lower than six. This is because of the need to pay for the certification itself as well as for the installation of the new energy-efficient systems.
Finding good quality tenants for your property is going to be crucial for you to make the most of your Energy Performance Certificates. There are many things that can affect how successful you are at finding tenants with high energy efficiency ratings. High level tenants are much more likely to pay you more for your Energy Performance certificates, so it is important to do everything that you can to ensure that they end up in your building.