Energy Performance Certificates Explained

The Energy Performance certificate (EPC) is a central component part of a HIP even if it of no real relevance to the conveyancing process.   In a similar fashion to  the European Union appliance ratings, the ratings on the Energy Performance Certificate within the HIP ( it is intended ) should  provide a prospective buyer of a property  with an assessment of the property's energy consumption, together with a list of practical measures that can be taken to cut their fuel bills and carbon emissions.   The reality, according to estate agents is that very few buyers take notice of the ratings ( or indeed the HIP ).

The  Energy Performance Certificate (EPC) within the HIP shows the energy efficiency rating and environmental impact of the  property. It uses an A to G rating system similar to the ones used on fridges and washing machines. It also advises on cost effective improvements that can be made to cut bills and reduce emissions. They must be produced by a certified domestic energy assessor or home inspector who may or may not be directly employed by the HIP Provider.

The Energy Saving Trust has stated that it hopes that the introduction of EPC’s will result in the average home owner attempting to save £300 a year on fuel bills. The  Government also hoped that the information could be used to support the growth of green mortgages and other incentives. As of today’s date this hope has not translated into reality.

The EPC is the  part of the HIP is required in order to meet the requirements of the European Energy Performance of Buildings Directive.