The UK’s landlords are facing a £24 billion to bill to hit the government’s energy performance certificate (EPC) targets, a property technology provider has claimed.

Reapit says that 2.7 million rental properties across the country will need to be retrofitted with some form of energy efficiency measure to reach the 2030 deadline of EPC C.

Based on a representative sample of historic retrofitting costs from the 2021-2022 English Housing Survey (adjusted for inflation), Reapit believes landlords could face an estimated bill of £24.03bn to bring their properties up to the new standard, equating to over £10,000 per landlord.

Last month, the Secretary of State for Energy Security and Net Zero, Ed Miliband, announced that the government will “demand that landlords raise the standard of their accommodation to a proper energy performance certificate standard C by 2030”.

Steve Richmond, General Manager UK&I at Reapit, said: “Our report reveals the sheer scale of the work ahead. While we all recognise the need to address the greenhouse gas emissions from housing in the UK, this cannot come at the cost of people’s homes,” said Steve Richmond, General Manager UK&I at Reapit.

“Bringing forward proposals that require such a high spend without outlining the support measures on offer to achieve these ambitious targets risks spooking landlords, so urgent clarity is needed. The last thing tenants need is more landlords selling up. Not only will it push up rental prices, but tenants will face the stress and upheaval of moving.”