Over 70% of landlords to complete EPC work in 2024, new survey finds

Despite the Government’s decision to scrap the proposed Energy Performance Certificate (EPC) legislation targets for rental properties set for 2025, landlords are still prioritising EPC rating improvements. 

Finbri’s 2024 survey of 755 landlords found that over 70% plan to carry out EPC improvements on their rental properties this year, an increase from the 68% that intended to undertake energy efficiency improvements in 2023.

Since 2015, laws in England and Wales have required private rental properties to meet an EPC rating of E or higher.

The rating was slated to rise in 2025 when all rented properties would have to meet a minimum EPC rating of C, but the Government has moved the goalposts to 2028.

The 2024 Landlord survey found that 77% of landlords consider the EPC rating important when looking for investment properties, and 70% believe the ratings are important to their tenants.

Georgia Galloway of Finbri, said: “Our survey found that landlords continue improving their properties to improve EPC standards despite the delay in proposed regulations.

“With 60% of landlords having already completed EPC improvements in 2023, it’s evident that they are further undertaking energy-efficient investments.

“This underscores their dedication to improving their rental properties or pre-emptively mitigating the potential impact of government changes.”