In his Spring Statement on 23 March 2022, the Chancellor announced the scrapping of VAT on materials and installation of energy efficiency equipment for homes.
Energy efficiency is becoming more important to buyers as a result of escalating bills and concerns about fuel security.
Homes sold with an EPC rating of A or B in 2021 achieved a 6% premium over properties with an EPC D rating, on a £ per square foot basis.
A substantial shift in buyer behaviour might require more significant financial implications. The Energy Efficiency Infrastructure Group are lobbying for a reduction in SDLT for energy efficient properties. Source: Dataloft/UK Government