Transcript Slide 1
South Warwickshire Landlords Forum David Jullien (Act on Energy) 12 November 2014 Benefits of Energy Efficiency in Privately Rented Homes For Tenants • • • • • Lower fuel bills Warmer homes Healthier environment Less debt More disposable income For Landlords • • • • • Less complaints Less condensation damage Less tenant illness Less rent arrears Improved reputation Support for Energy Efficiency Measures Source • • • • • • • • • • • 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) Private Rented Sector- Energy Saving The Energy Act 2011- provisions to regulate private rented sector • Currently- landlord and tenant have to agree before GD loan is taken out • 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) X GREEN DEAL- How it Works SAP typical older property EPC band fuel bill £2,800 1 G Add Improvement measures *3 ECO Grant *2 Top-up needed wall insulation *1 cost meets golden rule roof insulation GD loan repayment double glazing = £2,200 21 £1,950 £1,800 F HE boiler 39 E £1,350 D 65 *2 Personal savings, mortgage or other loan C New fuel bill 81 B 92 A 100 repayment more than saving Funding options *1 “Green Deal” from Green Deal providercommercial loan repaid through electricity bill £1,400 ave 55 total saving £1,400 doesn’t meet golden rule *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 Energy Company Obligation (ECO) 2014 ECO rules changed • Home Heating and Cost Reduction Obligation (HHCRO) Same target but extended to 2017 • Carbon Saving Community Obligation (CSCO) No change • Carbon Emission Reduction Obligation (CERO) Reduced by 33% Excess can be carried over to following years RESULT- targets reached / schemes stopped / more in April 2015 ? Renewable Energy • Feed in Tariff • Solar electric • Wind • Combined Heat and Power • Renewable Heat Incentive • Heat Pumps • Biomass • Solar water heating • Combined Heat and Power 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 Contacts Gov.uk website https://www.gov.uk/green-deal-energy-saving-measures Ofgem website https://www.ofgem.gov.uk/environmental-programmes/energycompanies-obligation-eco Act on Energy: Freephone 0800 988 2881 www.actonenergy.org.uk