In this episode, Nick takes a look at the distinctions between Energy Performance Assessments (EPA) and Retrofit Energy Performance Assessments (REPA). He explains that while both assessments evaluate a building's energy performance, the EPA offers a standardised energy rating with general recommendations, whereas the REPA provides a more comprehensive analysis tailored to a building's unique characteristics. Nick highlights the benefits of conducting a REPA, including detailed recommendations for energy efficiency upgrades, cost-benefit analyses, and potential funding options. He emphasises the importance of these assessments in improving energy efficiency, reducing carbon footprints, and enhancing indoor comfort, ultimately leading to better rental income and property value.

KEY TAKEAWAYS

• An Energy Performance Assessment (EPA) provides a standardised energy rating and general recommendations for improving energy efficiency, while a Retrofit Energy Performance Assessment (REPA) offers a more detailed evaluation, identifying specific retrofit measures tailored to a building's unique characteristics.
• The REPA involves a thorough inspection of the building's structure, systems, and energy consumption, utilising software tools for modeling energy use, which goes beyond the standard EPA assessment.
• A key component of the REPA is the cost-benefit analysis, which evaluates potential savings and environmental benefits of various retrofit measures, helping property owners prioritise improvements based on feasibility and impact.
• Conducting a REPA can lead to reduced energy consumption and bills, improved indoor comfort and air quality, compliance with regulations, and potentially higher property values and rental income.
• It is crucial to engage specifically trained retrofit assessors and coordinators for a REPA, as they provide in-depth analysis and tailored recommendations that standard EPA assessors may not offer.

BEST MOMENTS

"The EPA, which produces the EPC, provides a standardised energy rating for your building. It's quite a simple assessment."

"A retrofit energy performance assessment or REPA is to identify specific retrofit measures to improve a building's energy efficiency."

"The REPA delves deeper into the building's specific needs and offers tailored recommendations for energy efficiency improvements."

"Energy efficiency homes can actually attract better money when you sell them and also possibly improve rental income."

"If you've got a property that is below a C, it’s an investment into the future of that property."

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HOST BIO

Nick is an award winning property investor, voted Fastest Newcomer 2022 by Premier Property, and is an accredited Retrofit EPC Assessor. He sources and renovates properties for himself as well as other investors. While doing this he has developed his own systems for efficient investment, such as developing his own methods to save time when viewing properties and estimating market values and potential returns, costing out renovations.

He spends three months of the year abroad and while there continues his business with use of modern technology and his proven systems.

Location freedom has always been his "Why" for being a Property Investment and has now reached his ideal of the colder months spent in Thailand and the rest of the time in the UK, all while continuing to run his business