Survey shows most rental homes have a low EPC rating

Rightmove has highlighted a significant issue in the UK’s housing stock, revealing that more than 18 million homes have an Energy Performance Certificate (EPC) rating of D or below. This represents over half (55%) of all homes in the UK.

Key Findings from Rightmove’s Analysis

  1. Energy Efficiency and Bills:
    • Homes with lower EPC ratings (D or below) have significantly higher energy bills. For example, a three-bedroom house with an EPC rating of F incurs average annual energy costs of £4,431, compared to £1,669 for a similar house with an EPC rating of C. This is a difference of £2,762 per year.
  2. Green Improvements:
    • Suggested improvements to increase energy efficiency include window upgrades, roof or floor insulation, installing solar panels, and switching from gas boilers to heat pumps.
  3. Public Sentiment:
    • A Rightmove survey of over 14,000 people indicates that the primary motivation for making green home improvements is the potential to reduce energy bills.
    • A large majority believe that more action is needed: 87% of renters and 83% of homeowners think there should be greater efforts to help people make their homes more energy-efficient.

Rightmove’s Recommendations to the Government

Rightmove is urging the next government to prioritize green home incentives to facilitate these necessary upgrades. The property expert Tim Bannister emphasizes the urgency of the issue and the need for accessible schemes to assist homeowners and landlords in making these improvements. Without substantial support, many will continue to live in homes that are not only high in carbon emissions but also burdened with high energy costs.

Importance of Government Intervention

  • Incentives and Support: There is a call for robust incentives and support systems to help with the initial costs of making green improvements, which are a significant barrier for many.
  • Comprehensive Strategy: Each home may require different upgrades, thus a one-size-fits-all approach won’t work. Tailored schemes could address specific needs and ensure broader participation.

Rightmove’s findings underscore the pressing need for government action to address the energy inefficiency of a significant portion of the UK’s housing stock. This would not only help reduce energy costs for homeowners and renters but also contribute to the country’s broader environmental goals

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