The Energy Performance Certificate (EPC) rating was introduced in 2008, as a way to help people get a better understanding of how much energy they use, also in comparison to others. It has a scale from A to G, where G is the absolute worst. In fact, from April 2018, it will be illegal to let property that has an EPC rating of F and G, the so-called Minimum Energy Efficiency Standard (MEES).
We did a little market research when we launched Polareco, a study of more than 500 homeowners in the UK. We asked how many knew what an EPC was. About three quarters of the British (74%) know what it is. However, what they may not know as well what the the rating of their own home is.
Indeed, we found some interesting results on this topic. When we asked people who were not planning any energy upgrades such as new windows, boiler, insulation and so on, the main reason why they did not plan this was NOT because it was too expensive, but because they were already so energy efficient!
That is quite shocking when we know that only 13% of households in England and Wales have reached the two highest EPC bands of A and B. In fact, almost twice as many British households, 25%, have energy ratings in the 3 lowest bands, E, F and G, according to the latest governmental statistics.
Increasing the energy rating of a home increases it’s value. A study of more than 300,000 British homes found that increasing the EPC rating from D to B will on average increase the value of your property by 5%.
It’ s supposed to be the coldest winter in the UK in 5 years, so better get on with it.