ExHA welcomes the continued contribution that the home report makes to raising awareness of energy issues among buyers, sellers and professionals. However, we would welcome more evidence quantifying its impact.
We also suggest that reductions in energy use, carbon emissions and running costs should be included as objectives and the policy evaluated accordingly (i.e. assessed on its impact upon behaviour and particularly investment decisions).
Moreover, as the Sustainable Housing Strategy contains an objective on market transformation we suggest this is also built in as an objective for the home report so that energy performance is more effectively reflected in asking/selling prices.
In order to deliver on its original objectives, and those additional objectives suggested above, we believe it is vital it plays a central role in increasing awareness and shaping behaviour.
Methods for increasing its impact should include:
- Making the energy certificate more prominent i.e. front page
- Inserting information on actual, as well as modelled, running costs
- Using the average energy ratings of similar property types as the comparator
- Including information on existing renewables and savings/earnings from these
- Increasing awareness among property professionals
- Inserting more information on available grants/loans and advice
- Offering some form of variable rate related to energy performance in the new Land and Buildings Transaction Tax