Is an Energy Performance Certificate (EPC) important for selling my home?
You have to have at least applied for an Energy Performance Certificate (EPC) before you put your home on the market – find out why, how much an EPC should cost and how to find an EPC surveyor
What is an EPC (energy performance certificate)?
- An energy performance certificate (an EPC) is a standardised document which ranks properties in terms of energy efficiency, and which home sellers have to provide to potential buyers.
- EPCs include information about the property’s energy use and costs as well as recommendations about how to make it more efficient and cheaper to run. Properties are ranked from A to G, A being the most energy efficient
- Sellers in Scotland have to provide a more extensive “home report”, which includes an EPC, as well as a survey and a property questionnaire
I’ve already paid for a Green Deal assessment, do I need an EPC as well?
- No, Green Deal assessments are made up of two documents, one of which is an EPC (the other is called an Occupancy Assessment and includes personalised household information). So you won’t have to pay for it again
- The Green Deal allows homeowners to borrow money for energy-saving improvements and stipulates that the repayments will not exceed the savings made from those improvements
- Your EPC will indicate whether money for the recommended improvements is available under the deal.
Does everyone need one?
- EPCs are not required for listed buildings. This is because improvements such as installing double glazing are often prohibited on these types of buildings because they require structural changes
- If you are not exempt, you need to have at least applied for an EPC by the time you put your home on the market. So get in early to make sure a missing EPC doesn’t slow you down
I was given an EPC when I bought the property – is it still valid?
- Yes, EPCs were introduced in 2007 and they are valid for ten years. So hold on to it – you won’t need a new one until at least 2017
How do I find an EPC surveyor and how much will an EPC cost?
- In England and Wales, the price of an energy performance certificate (EPC) can be as low as £24 for a studio in a city centre, stretching to around £120 for a larger property in a remote area.
- In Scotland, the cost of a home report starts at around £600. Your estate agent will be able to give you a quote for a survey and energy report, as will the Royal Institution of Chartered Surveyors (RICS)
- If you leave it to your estate agent to arrange an EPC, keep in mind that they will probably charge commission. But prices may be negotiable so don’t be afraid to haggle
Will an expensive EPC be more attractive to buyers?
No, any EPC will allow you to sell your house, so don’t worry about looking for the reassuringly expensive option.