SAVE MONEY
Save money with an Energy Performance Certificate
From 10th September 2007 every home in England and Wales
with three or more bedrooms now needs a Home Information Pack
when it goes on the market. That requirement will extend to
the remainder of the market probably before the end of 2007.
The Pack includes documents such as searches, a sale statement
and evidence of title plus an Energy Performance Certificate.
We all know a standard set of documents is required for the
sale transaction so there is nothing new there. The element
that is new is the Energy Performance Certificate (EPC): nothing
like it has been available for domestic homes previously.
The EPC has been introduced to make us aware of the energy
we use in our homes and the carbon dioxide they emit.
Even though domestic homes account for 27% of UK greenhouse
gas emissions, few of us really know how much of that we are
contributing through the way we live in our homes. The EPC
presents a simple estimate of how much it will cost to provide
lighting, heating and hot water based on standardised assumptions
about occupancy, heating patterns and geographical location.
The amount of carbon emitted by the property is also estimated.
Estimates of how much it costs to pay for the energy used
by a home is useful, but better still are the measures the
EPC recommends for making improvements that will cut fuel
bills. Recommendations are tailored to each home giving an
estimate of how much you could save.
Recommended measures are split into three groups: lower cost
(up to £500), higher cost and further measures. Lower
cost measures are the things that will save you the most money
in relation to the cost of the measure, such as fitting or
improving insulation in lofts, cavity walls and on hot water
cylinders plus draught proofing single-glazed windows and
using low energy light bulbs. For example, the owners of a
terraced house with two bedrooms could save about £83
per year by filling the cavity walls. £48 could be saved
every year by fitting low energy light bulbs in a house with
three bedrooms.
Higher cost measures relate to your heating system and may
go so far as to recommend a new boiler or even to replace
a heating system. Whilst costly, there are times when you
are planning to make such changes anyway and the information
in the EPC can help you to make the best choices. For example
the difference between a standard gas boiler and a condensing
gas boiler could mean savings of £68 per year in a detached
house with five bedrooms.
Finally, the EPC lists further measures. These give the highest
possible standards of energy efficiency in the home, but are
expensive compared with the financial rewards. Solar water
heating, solar generated electricity and double glazing are
all further measures.
These examples of savings are taken from real Energy Performance
Certificates, however the EPC takes into account a large number
of factors so actual figures will vary from home to home.
Grants are often available to help with the cost of energy
efficiency improvements. The Energy Saving Trust website www.energysavingtrust.org.uk
provides a search facility that shows the grants available
for each postcode.
Saving money on energy bills is attractive to everyone but
let’s not lose sight of another big reason for saving
energy: climate change. We keep hearing how the rate at which
man-made greenhouse gases are produced has increased dramatically
and this is causing the Earth’s temperature to rise
more rapidly in a shorter period of time than it has for thousands
of years. Here in the UK we have experienced record-breaking
temperature highs, longer periods of mild weather and shorter
winters. In the middle of winter last year, there was not
a single patch of snow on the Cairngorms – something
only ever recorded three times before.
Many people feel that saving energy in their one household
will have no effect on climate change, but the combined efforts
of us all really will make a difference. For example, if we
all filled our wall cavities, we’d save about £720
million of energy a year. If each household installed three
energy saving bulbs, it would save enough energy to run the
country’s street lights for a year.
So...
why not have an EPC done for your home whether you are selling
it or not? An EPC costs, for example, between £100 for
a 1-bed property and £140 for a 4-bed property. Money
saved by following the recommendations in the report could
quickly exceed the cost of the report.
Please Contact us and
we will be happy to discuss the situation with you.
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