Energy Efficiency on the Rise: Over 60% of Homes Now Achieve EPC Rating of C or Above
New research from epIMS, the energy efficiency platform for landlords, reveals promising progress in the energy performance of homes across England and Wales. Between Q4 2023 and Q3 2024, 60.2% of homes sold, let, or constructed achieved an Energy Performance Certificate (EPC) rating of C or above. This marks a 1.6% increase compared to the previous year, highlighting growing awareness of energy efficiency among buyers, tenants, and developers.
Regional Highlights
London led the way, with an impressive 64% of homes attaining an EPC rating of C or higher. Other strong performers included:
– North East: 61.8%
– South East: 61.5%
– North West: 61.5%
– East of England: 61.4%
Why Energy Efficiency Matters More Than Ever
This upward trend in EPC ratings aligns with growing recognition of the importance of energy efficiency. In addition to reducing carbon footprints, energy-efficient homes help lower utility bills—a critical factor for many households amid fluctuating energy prices.
Financial institutions are also taking notice. For instance, Halifax has started factoring EPC ratings into mortgage affordability calculations, reflecting the impact of utility costs on living expenses and household budgets. This shift underscores the increasing significance of energy performance in property decisions for both buyers and tenants.
Looking Ahead
As awareness of energy efficiency continues to grow, we can expect even greater focus on improving EPC ratings in the coming years. Whether through retrofitting existing homes or constructing new energy-efficient properties, this trend is set to shape the housing market for the better.
If you would like to join the movement towards domestic energy efficiency by upgrading your home and increasing it’s value, you can apply for a grant with us. We’ve helped households across the UK access tens of thousands of pounds worth of funding to install measures like insulation, solar panels and air source heat pumps to make their homes warmer and cheaper to heat.
Stay tuned for more updates on energy efficiency and how it impacts homeowners, tenants, and landlords alike.