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0845 666 5000

Residential Landlords Association. The Voice for Landlords in England & Wales. 0845 666 5000. |. www.rla.org.uk. |. info@rla.org.uk. Greening Your Portfolio Good for your Business Good for the World. Dave Princep. Dave Princep. Private Rented Sector Group

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0845 666 5000

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  1. Residential Landlords Association The Voice for Landlords in England & Wales 0845 666 5000 | www.rla.org.uk | info@rla.org.uk

  2. Greening Your PortfolioGood for your BusinessGood for the World Dave Princep

  3. Dave Princep • Private Rented Sector Group - Energy Efficiency Partnership for Homes (EEPH) • London Landlord Accreditation Scheme • Environmental Health Consultant for Residential Landlord Association (RLA)

  4. Private Rented Sector Drivers • Climate Change • 2003 summer hottest for 500 years - 35,000 extra deaths • Bio-diversity • Conflict • Target 80% reduction in CO2 by 2050 • Fuel Poverty – eradicate by 2010 • Decent Homes • Excess Winter Deaths

  5. Private Rented Sector Drivers > 25% of CO2 in the UK domestic dwellings 12% of Housing Stock 40% is pre 1919 Fuel Poverty – 50% higher 15% of Excess Winter Deaths – 25% higher 20% of energy inefficiency stock (<30 SAP) – 60% 30% Cat 1 HHSRS Hazards (12% RSL, 24% o/o) – 35%

  6. SPLIT INCENTIVE Landlord Pays But Tenants Benefits

  7. What's’ in it for Landlords tenants happier less condensation potential higher rent easier let lower void rate increase value of property reduced enforcement action

  8. Enforcement The Stick

  9. Enforcement – The Stick Housing Health & Safety Rating System (HHSRS) Houses in Multiple Occupation (HMO) regulations Energy Performance Certificates (EPC)

  10. 2 storey semi-detached house, c1936 • Insulated cavity walls, double glazed windows throughout, & full gas central heating • Attic bedroom • No insulation to the main roof, or any insulation in the attic room floor cavity

  11. 2 storey semi-detached house, c1936 • Insulated cavity walls, double glazed windows throughout, & full gas central heating • Attic bedroom • No insulation to the main roof, or any insulation in the attic room floor cavity Category 1 Hazard (Score 1023)

  12. Financial Assistance The Carrot

  13. Fiscal - The Carrot • Landlord Energy Saving Allowance (LESA) • £1,500 tax allowance • Insulation • Until 2015 • Local Authority Grants • Decent Homes -sub-regional funding (~£80m in London) • Targets (National Indicators) – CO2 emissions reductions • “London Councils” – Retrofit Programme

  14. Fiscal 2 • Warm Front Grants • Vulnerable tenants – L/L Permission • Up to £3,500, (£6,000 if oil) • Carbon Emissions Reduction Targets (CERT+) • £2.8 billion from Energy Providers to 2011 • 40% to Priority Group, 5% to hard to treat over 70’s etc.

  15. Fiscal 3 • Reduced VAT for insulation • Enhance Capital Allowance • 100% tax relief – EE plant & machinery • Carbon Trust • 0% loan, up to £200k to improve E.E. • Low Carbon Buildings Programme • Grants up to £2,500 for micro-generation • No Stamp Duty on Carbon Neutral Buildings-2012

  16. Market Forces EEPH Research 2008 & 2009 • Way Forward v Enforcement & Fiscal • Reduced Voids • Need for Education • EPCs • Cost Savings – Smart Meters • supports wider Climate Change • Accreditation London Landlord Accreditation Scheme • Green Landlord Scheme?????

  17. Why Tenants Choose a Property

  18. Tenants Findings • 86% Concern over rising energy prices • 40% Very Concerned • 53% Concerned over Energy Efficiency • 11% Moved due to poor energy efficiency (hard/expensive to heat) • 50% Current Accommodation too cold • 54% - too many drafts

  19. Energy Performance Certificate (EPC) • Must be Available to prospective tenants • £200 fixed notice fine. • Last 10 years in PRS • EST Home Energy Check • Improvement – new EPC

  20. Energy Performance Certificate (EPC) • Must be Available to prospective tenants • £200 fixed notice fine. • Last 10 years in PRS • EST Home Energy Check • Improvement – new EPC

  21. Tenants’ Attitude 2008 • 80% use EPC to help choose rental property • 26% use EPC as main criteria • 31% asked for energy efficiency improvements 2009 • 34% are aware EPCs. < gas safety & tenancy deposit (65% - 46%) • 32% helped by EPCs • 23% requested landlord provide an EPC • 23% have requested changes because of EPC

  22. HOW WOULD TENANTS USE EPC (2008) % % % %

  23. Where Does Heat Go

  24. Improvements to EPC Score Insulate walls – 13 points Insulate loft – 10 points Insulate hot water cylinder – 4 points Fit low energy bulbs - 2 points Fit thermostatic radiator values Change energy type

  25. EST Guidance on Improvements Domestic energy primer – an introduction to energy efficiency in existing homes GPG171

  26. ENERGY EFFICIENCY OF DWELLINGS – DCLG. Nov 2006

  27. Links Energy Savings Trust - Home Energy Check http://www.energysavingtrust.org.uk Low Carbon Building http://www.lowcarbonbuildings.org.uk Carbon Trust http://www.carbontrust.co.uk Enhance Capital Allowance http://www.eca.gov.uk/

  28. THANK YOU The Residential Landlords Association The Voice for Landlords in England & Wales 0845 666 5000 | www.rla.org.uk | info@rla.org.uk

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