|INFORMATION REGARDING MINIMUM ENERGY EFFICIENCY STANDARDS FOR RENTALS:|
Some questions answered at a recent webinar hosted by REIACT Real Estate Institute of ACT.It is important to note, your property management teams are across all these changes. Please work closely with them to ensure your property is compliant. 1. Why has the ACT government implemented a minimum energy efficiency standard for rental homes? Many Canberrans, often those with the least capacity to pay, are living in rental homes that have poor energy efficiency and are expensive to heat and cool.
2. The Minimum Energy Efficiency Standard for Ceiling Insulation in Rental Homes requires…
Rental homes with no ceiling insulation or existing ceiling insulation rated less than R2 need to have ceiling insulation installed or upgraded to a minimum R value of R5.
3. Support available for property owners
Private rental providers: To assist with upfront costs, eligible rental providers will be able to access no interest loans up to $15,000 through the Sustainable Household Scheme. More information on support will be available by early 2023.
Community Housing Providers: The Home Energy Support Program (will provide a full rebate for the cost of insulation upgrades to not-for-profit community housing providers and partial rebates of up to $2,500 per dwelling for rental providers registered under the Community Land Tax Exemption Scheme.Key Dates:
4. From the 1st April rental ads must state whether or not the property meets the minimum ceiling insulation standard. It is recommended that this information be added to the existing requirement to state the EER and should state:
5. How do I check the level of insulation is a rental home?
Contact your Property Management team to have your property assessed and determine your R-value. Only approved installers with EEC certification comply to meet the standard for approval. Documentary evidence is required.
To stay informed by checking the ACT government website for updates: https://www.justice.act.gov.au/renting-and-occupancy-laws/energy-efficiency-standards-for-rental-homes
INFORMATION REGARDING MINIMUM ENERGY EFFICIENCY STANDARDS FOR RENTALS