Tuesday, 20 March 2018
In the face of new EPC legislation which came into force on 1st April 2018, landlords must now make sure all their properties have an energy efficiency rating of “E” or above. If you are concerned about the cost of making your properties complaint, there are several funding schemes available to help you pay for changes that are needed to make your properties more energy efficient.
If you are looking to make improvements in energy efficiency in your rental properties, Green Deal funding could be suitable for you. This used to be a government-funded scheme, but is now under private ownership, which means it’s really important to check you Green Deal provider is genuine before you apply for funding. Finding an authorised Green Deal provider is something we can help you with.
Domestic Renewable Heat Incentive
The Domestic Renewable Heat Incentive is an option to help householders and/or landlords access finance to overcome the barrier of the upfront cost of a renewable heating system. Methods of supplying renewable heating to your property include:
– Solar thermal panels
– Biomass generator
– Ground source heat pump
– Air source heat pump
Once you’re approved to join the Domestic RHI scheme, you are obliged to comply with the rules for the seven years that you’re receiving payments. You’ll have to complete an annual declaration each year you’re a member of the scheme, to confirm that you are following the scheme rules and keeping up with your ongoing obligations. We can help you with your initial grant application and then with keeping up to date with everything after you have been approved.
Feed In Tariffs
The Feed-in Tariffs (FITs) scheme is a UK Government scheme designed to encourage uptake of a range of small-scale renewable and low-carbon electricity generation technologies. Our experts can advise you on the application process for FITs.
Under FITs, you could be paid for the electricity you generate if you install or have installed an eligible system like solar PV, a wind or hydro turbine, or micro CHP. If you qualify, your energy supplier will pay you a set rate for each unit of electricity you generate. They will also pay you a further rate for each unit you export back to the electricity grid, meaning you can sell your unused energy.
If you would like to know more about how to apply for funding to help make your properties more energy efficient, call our lettings experts on 01604 823456 .