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<p>The Government is currently consulting on proposals to raise the energy performance
standard to EPC Band C for the Private Rented Sector (PRS) in England and Wales. This
is proposed as a phased trajectory for achieving the improvements, applying to new
tenancies only from 2025 and all tenancies from 2028. The consultation proposes a
cost cap of £10,000, requiring landlords to spend up to this amount to improve their
properties.</p><p> </p><p>Under this cap, the average cost per household for all properties
treated under these regulations is £4,700. This includes properties that do not meet
the required standard, and is specific to the PRS. Spend towards this cap, to comply
with these regulations, can only be counted from 2023. The Green Homes Grant provides
vouchers to homeowners in England to cover two thirds of eligible energy efficiency
improvements, up to a total government contribution of £5,000. Landlords are eligible
to apply for funding through the Green Homes Grant, however this would not count towards
the £10,000 cost cap as the scheme ends before 2023.</p><p> </p><p>The £3,000 figure
relates to the contribution the Green Homes Grant voucher scheme can make towards
a property that requires, on average, the same level of energy efficiency work as
those under the PRS analysis above.</p>
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