Despite only coming into the public lexicon ten years ago, an EPC, or Energy Performance Certificate is a compulsory document for domestic properties and a highly recommended document for commercial properties.
Introduced in 2017, an EPC is essentially a certificate showing the energy efficiency of your property using a pre-set rating system. In England and Wales, the rating systems runs from A to G. A property with an EPC rating of A has superb energy efficiency, while a property rated G has very poor energy efficiency.
While having an EPC for your commercial property has always had wealth of benefits, a new law now means that any buildings used for commercial purposes that hold an EPC rating of E or lower, will not be allowed for leasing or sale, until the necessary changes have been made.
This law, which took effect in April 2018, has been the government’s response to a damning 2016 report which suggested that 37% of commercial buildings in London have an EPC rating of E, F or G.
In light of this, it is essential that commercial property owners in London equip themselves with an EPC, and ensure that its rating is at least an E, particularly in Central London which has some of the worst energy efficient buildings.
Regardless of the new law, there are many other benefits for commercial properties holding an EPC in London.
An EPC may require you to make significant alterations to your commercial property. Low-energy lighting, insulation and window glazing changes could be afoot. Not only does this mean that your EPC rating will rise but it also means that your energy bills will decrease significantly and you will be more of attractive property to any prospective tenants.
Getting an EPC will also give you total piece of mind regarding your commercial property. With larger commercial buildings, surveyors will conduct an extremely thorough and detailed report of all of the energy efficient factors in your property. Even air conditioning units and radiator valves will be taken into consideration. Not only will you discover just how energy efficient your property is but it will also guarantee piece of mind that the building that you own is safe.
Whether it be down to legal requirements, if you’re looking to sell or lease or simply because you want to discover just how energy efficient your commercial property is, it is highly recommended in today’s day and age that you hold a valid EPC.