1 / 9

South Warwickshire Landlords Forum David Jullien (Act on Energy) 12 November 2014

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

hhogan
Download Presentation

South Warwickshire Landlords Forum David Jullien (Act on Energy) 12 November 2014

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. South Warwickshire Landlords Forum David Jullien (Act on Energy) 12 November 2014

  2. 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

  3. 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)

  4. 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

  5. GREEN DEAL- How it Works *3 ECO Grant typical older property EPC band *2 Top-up needed Add Improvement measures SAP fuel bill £2,800 1 *1 cost meets golden rule G wall insulation doesn’t meet golden rule £2,200 21 GD loan repayment roof insulation £1,950 repayment more than saving = F double glazing £1,800 total saving £1,400 HE boiler 39 E Funding options *1 “Green Deal” from Green Deal provider-commercial loan repaid through electricity bill £1,400 ave £1,350 55 D 65 *2 Personal savings, mortgage or other loan C New fuel bill *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 81 B 92 A 100

  6. Energy Company Obligation (ECO) 2014 ECO rules changed Same target but extended to 2017 • Home Heating and Cost Reduction Obligation (HHCRO) • Carbon Saving Community Obligation (CSCO) • Carbon Emission Reduction Obligation (CERO) No change Reduced by 33% Excess can be carried over to following years RESULT- targets reached / schemes stopped / more in April 2015 ?

  7. 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

  8. 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

  9. Contacts • Gov.uk website • https://www.gov.uk/green-deal-energy-saving-measures • Ofgem website • https://www.ofgem.gov.uk/environmental-programmes/energy-companies-obligation-eco • Act on Energy: Freephone 0800 988 2881 • www.actonenergy.org.uk

More Related