Positive EPC Results Could Boost House Prices By A Third

One of the largest investigations into the effects and benefits of Energy Performance Certificates suggests that properties with positive energy efficiency results could be worth up to 38% more than those with poor results.

The Department of Energy and Climate Change unearthed staggering results that the improvements brought about by EPCs increases property worth by an average of 14% in the UK, with some areas seeing property values jumping by more than a third where energy conscious changes have been made.
Financially that means that a home with an EPC that has jumped from an E rating to a B could increase by £16,000 in value. The North East of the country in particular could benefit from an improved Energy Performance Certificate with potential property value increases of £23,000. The improvements were less marked in Greater London with the average potential property increase standing at £12,000. To learn more about Energy Performance Certificates, check out what Edward P. Carlson can do for you!
Energy Performance Certificate ratings have become even more important than ever since January when they had to be legally included in all advertising material. This increased prominence has alerted buyers and renters to the long-term costs that will be incurred by a property. A house with a better EPC rating may be listed for a higher price but the long-term savings may be significant.
Energy and Climate Change Minister, Greg Barker, hopes that this research will encourage more people to invest in energy saving schemes.
“We have long known the benefits of making energy saving improvements to the home, but this study is real evidence of the huge potential rewards,” said Barker. “Not only can energy efficient improvements help protect you against rising energy prices, but they can add real value to your property. This coalition is committed to helping hardworking families with the cost of living. The Green Deal is designed to do exactly that.
“The Green Deal is helping more people make these types of home improvements, reducing high upfront costs and letting people pay for some of the cost through the savings on their bills. The Green Deal is a great option for anyone wanting to improve the look, feel and potentially the value of their home.”

This is obviously fantastic news for home owners who will see their property values increase significantly as well as their energy costs decrease. But, it is also great for the environment which will benefit from the improved energy efficiency of properties and the lower carbon emissions produced.

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