09/09/2024
Hello Everyone,
How would you like to have zero energy bills for your HMOs?
There are two ways to achieve this. The first is to bypass the meter, but this is highly illegal and something I strongly advise against.
The second option is through a new scheme by Octopus Energy, which they are currently testing, called the Zero Bills Home standard.
This scheme offers residents of newly built homes a new tariff with zero energy bills for five years, guaranteed. To qualify, homes must be constructed to strict standards and equipped with a combination of solar panels, a home battery, and a heat pump.
Currently, the scheme is in a beta phase as Octopus Energy partners with developers to ensure that new homes meet their specific guidelines to qualify for the zero bills tariff. They aim to eventually extend the offer to owners of pre-existing properties.
So, how can we as property investors benefit from this? If you’re planning a full back-to-brick refurb to convert a property into an HMO, Octopus has indicated they might consider extending the scheme to you. Given that energy bills are one of the main monthly expenses for HMOs, it could be worthwhile to install these systems in your property.
For more information, check out our podcast, where we dive deep into the costs of installing these systems and discuss whether it’s worth it.
Podcast Link : https://www.buzzsprout.com/2393388/15702926