You can save money by improving the condition and energy efficiency of your properties.
Duty to improve energy performance
From 2016, tenants will have the right to ask landlords for energy efficiency improvements.
In 2018, it will be illegal to let properties with the lowest, F or G band, Energy Performance Certificate (EPC) ratings.
You will be able to continue to let F or G rated properties if you have made full use of available funding or subsidies but are still unable to increase the rating to at least an E.
EPCs include graphs showing the current and potential energy efficiency rating and environmental impact (CO2 rating) of the property.
Energy saving measures
These tips will help your tenants save money and help them to manage their energy bills.
- Swap inefficient bulbs for low energy bulbs and save around £55 a year
- Fit draught excluders to windows and doors and save between £10- £50 a year
- Seal and fill in gaps in the skirting boards and save £75 a year
- A boiler jacket saves £30 a year
- Fit a cap over the chimney or a blocker to exclude drafts and save up to £160 a year.
- Fill cavity walls with insulation in houses built after 1920. A semi-detached house will save around £145 a year.
- Install a room thermostat, programmer and thermostatic radiator valves and save up to £150 a year.
- Fit loft insulation (at least 270mm) and save up to £250 a year
- Install solar panels and save up to £125 a year
Help your tenants cut their energy bills
Give your tenants a guide with suggestions on how they can save money on their energy bills, for example:
- turn off appliances when not in use
- turn down the thermostat by 1 degree Celsius and save around £60 a year
- reduce washing machine cycle to 30 degrees Celsius
- use a bowl to wash the dishes instead of leaving the hot tap running
- keep shower heads clean
Problems paying fuel bills
If you have problems with fuel bills or debt you can get face-to-face help from specialist Shelter advisers, funded by the British Gas Energy Trust, at several locations in England and Scotland. The initiative is part of a wider partnership between British Gas and Shelter to improve homes in the private rented sector, including help with the cost of energy-saving home improvements. You can also contact the Energy Saving Trust for information on similar services provided by other energy providers.