Reducing energy costs for commercial properties

How can I reduce energy costs for my commercial property?

With energy bills skyrocketing and the continuing threat of climate change, there’s never been a better time for landlords to think about improving the energy efficiency of their properties. The are several legal obligations commercial landlords must meet, as well as some extra steps you can take to reduce the environmental impact of your properties, reduce energy costs for your tenants and support the UK’s Net Zero aspirations.

How to check your property is EPC compliant

From April 1st 2023 it became unlawful to continue to let a commercial property with an F or G EPC rating, even if the lease was granted prior to the MEES Regulations coming into force in 2018. Further updates released have indicated these minimum energy efficiency standards for let buildings will be increased to C by 2027 and B by 2030, meaning it is vital you act now to future proof your properties.

At Eddisons, we manage all kinds of commercial properties and deliver a comprehensive service that ensures your legal obligations are met while minimising costs for the occupiers.

What is an EPC Rating?

An Energy Performance Certificate (EPC) rating is a review of a property’s energy efficiency. An EPC rating is based on how much energy your property uses per square metre (e.g. for heating, light) and how much energy it loses through poor insulation or other factors. Commercial property developers need to see how much their energy bills will cost if they are renting property or looking to sell the property.

Once issued, the EPC rating will be valid for 10 years. However, due to new UK government legalisation commencing in 2025, all property owners EPC rating need to be in line with a rating of C or above, meaning if your property has an EPC rating of D to G then you need to act now.

Working with MAF Finance Group

We our working alongside our sister business, MAF Finance Group who are a leading UK finance broker that can provide finance for a range of options that would assist you in reducing your energy costs and meeting the EPC rating you require. These options include, but are not limited to:

• Solar Battery Storage
• Air Source Heat Pump
• Solar Panels
• LED Lighting
• Smart Metering
• Voltage Optimisation
• Electric Vehicle Charging
• Combine Heat & Power solutions
• Power purchase agreements

Some of these options are also considered renewable energy solutions meaning they are eligible under the annual investment allowance (AIA) which is a form of tax relief for British businesses.

Operating nationally with a team of over 200 surveyors, we take the time to understand our client's objectives and deliver effective advice. Contact our team of commercial property experts today to fund iut how we can assist you with reducing your energy costs.