How do I Benefit?
Besides being a requirement that sellers need to include in their rental agreement, there are perks to knowing your energy rating! Knowing the amount of energy, you use can be helpful in calculating costs, especially as a prospective buyer. The rating should be taken into account in your rental or purchase decision.
How does the Rating System Work?
It presents the energy rating of the building on a scale of A to H. In Greece, the letters will be in Greek as in the chart below (A+, A, B+, B, Γ, Δ, Ε, Ζ, Η). A+ is the highest possible rating. Without going into too many details, the score is determined by comparing a building’s energy use compared to a building with “ideal characterics” - in other words, a building with near perfect energy efficiency.
An EPC is calculated from a number of factors, like the construction materials, the type of boiler, insulation, and heating systems. Once an EPC is issued, it lasts for a period of ten years.
Which Category am I Likely In?
Levels A+, A, B+, B
These are mainly for modern buildings constructed after 2012. If you’re exploring newly built vacation homes, you’re likely in this category. These buildings have good thermal insulation, airtight windows, and modern heating or cooling systems. While a high Energy Performance Rating may not have a significant effect on a building’s market value, a high-level rating will definitely make it more attractive. It also reflects positively on the owner because only 3% of homes in Greece have a rating of B+ or higher. If you’re a real overachiever, the Ministry of Environment and Energy offers incentives for the installation of Solar and Renewable energy systems. More details are below.