Several regulations govern HMOs, including fire safety, water regulation, and provision of facilities in the buildings. All these are tailored to ensure the proper running of the building while improving the experience of the tenants. Moreover, one of the key provisions for an HMO is the installation of solar panels.
The installation of solar panels is fast becoming a trend in the UK, and there are multiple reasons for that. From its impact on the property’s value to its importance in attracting new occupants, there are many reasons to check out how solar panels fit into HMOs.
What Is HMO?
The acronym itself stands for House in Multiple Occupation, and the basic function of any HMO landlord is to rent a building with multiple occupants who share basic facilities. Every HMO landlord isn’t just tasked with renting out buildings but also ensuring the building is up to standard with the regulations and living conditions.
This includes providing fire safety, proper hygiene, and other basic amenities. But this further translates into improving the energy efficiency of the buildings. It’s vital because of its direct impact on the building and living conditions of the tenants.
The installation of solar panels has proven to be a great start to reaching those high standards. Not only is it a good idea, it’s proving to be a sustainable option for the future development of HMOs.
Improving Your Building’s Energy Performance with Solar Panels
The Energy Performance Certificate (EPC) of HMOs is what HMO landlords use to measure the energy efficiency of their buildings. Think of it as a performance index that shows how well a building is producing and utilising energy.
The usual question has always been if solar panels contribute to a high EPC rating. Solar panels can help your HMO get to the level required to be considered energy efficient. Thanks to its impact on energy production, insulation, heating properties, and sustainability, a solar panel system is a helping hand for whatever energy efficiency requirement.
Other Perks Of Solar Panels For HMOs
Solar panels are also useful in many ways that improve the living conditions of any household. These include:
- Increased Property Value: The addition of solar panels to a property greatly increases its value in the market, making it a good value for money in the long run.
- Increased Tenant Attraction: A lot of individuals who embark on home hunting always have a spot for homes that embody an eco-friendly nature. Therefore, the use of solar panels will add a huge bonus to your home’s aesthetics.
- Better Savings and Incentives: Residents in the UK benefit from feeding excess electricity generated to the power grid. This is the principle of net metering and it makes solar panel installation a good investment.
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Conclusion
HMOs and solar panels are more than compatible with each other. They’re almost inseparable as solar panels add more value to the buildings while bringing in profits for landlords. At the same time, adding solar panels to HMOs is a trend that enables buildings to keep up with the energy performance requirements of the UK.
To get your hands on solar panel systems on a budget, visit The Solar Co for the best deals today.