As Spring looms closer, it’s the season when many of us will be looking to either buy or sell homes – and the EPC rating could make all the difference to potential buyers. Having a good EPC rating could not only help you to sell your home, it could also raise its market value.
It’s home improvement season
Home improvements are on the agenda for many households looking to sell up, and they can have a direct impact on the energy efficiency and attractiveness of your home to potential buyers. While many people will be considering a new kitchen or bathroom, cavity insulation or a new boiler, switching your existing fluorescent or halogen lights to cost-effective LED can make the biggest difference to your energy efficiency and carbon footprint.
And in the current economic climate, it makes sense to ensure that the running costs of the home you’re living in or buying are as low as possible as well as helping to cut down on your carbon dioxide emissions. A 2016 survey from the Energy Saving Trust found that 90% of homeowners who have completed a home improvement of some kind in the last three years have also made energy efficiency upgrades. When doing a major renovation such as an extension, 39% of people would be willing to spend over £1,000 on additional improvements to make their home more energy efficient.
According to the Energy Saving Trust, a building’s energy efficiency is the most important consideration when attracting homebuyers. Around 53% of householders said they would be willing to pay extra for a home with greener features. Also, 78% of those surveyed said that a poor rating on a home’s EPC could lead to a sale falling through.
What is an EPC?
All households and commercial buildings in the UK which are available to buy or rent must have an energy performance certificate (EPC). The EPC evaluates wall insulation, roof insulation, windows, heating, hot water and lighting and how much it costs to heat and light your home.
The EPC is valid for ten years and tells you how energy-efficient your home is, and is graded from A (very efficient) to G (inefficient). The higher the rating, the lower the fuel bills are likely to be. The EPC also lets you know how your energy-efficiency rating could be improved with ways to achieve a better rating.
If you’re putting your property up for sale, its EPC needs to be available to potential buyers. To get the EPC, you must get a domestic energy assessor to visit your home and evaluate its energy efficiency. If you are selling or renting your home through an estate agent, they can only market the home once an EPC is in place.
Improve your energy efficiency with LED bulbs
Lower energy bills are high up on the checklist for potential homebuyers, and in the UK most existing buildings fall into the D band of the EPC. One of the easiest and quickest ways to improve your EPC rating is by switching your existing halogen or fluorescent light bulbs to energy-efficient LED. This is as simple as taking out your old light bulbs and replacing them with LED bulbs – you don’t need to replace your existing light fittings as LED bulbs come with standard-size bases, meaning you can simply swap them in.
LED bulbs, strip lights or LED tape give the same light quality (lumens) as traditional lights but last up to 10 times longer than traditional bulbs – and they use a fraction of the energy used to power halogen or fluorescent lights. A 6W LED bulb produces as many lumens as a 60W incandescent bulb.
The big advantage of LED bulbs is their energy efficiency and cost savings. They cost so little to run they’ll have paid for themselves in energy savings in under a year, saving an average household over £200 a year on their energy bills, or 75% on energy consumption.
Also, LED lights come in a range of RGB colour-changing options and a wide range of colour temperatures. When combined with dimmer switches or light controls, you can create your own bespoke lighting effects and reduce your energy consumption even further.
So if you’re preparing your home to sell, or looking to improve your EPC rating, have a look at our range of low-cost, energy-efficient LED bulbs and start making savings on your energy costs today.