But what exactly does obtaining an EPC entail, and who will be responsible for ensuring compliance? Let us delve into the basics requirements without overwhelming you with technical jargon.
An EPC is essentially a document that quantifies how much energy your building consumes. It is measured against the South African National Standards (SANS) to determine its energy efficiency rating, which ranges from A (the best) to G (the worst). To obtain this certificate, you will need to enlist the services of a South African National Accreditation System (SANAS) accredited inspection body. These professionals will assess your building’s energy usage, compare it to set standards, and issue the EPC accordingly.
As a building owner or accounting officer, it is your responsibility to register your building’s type and size on the National Building Energy Performance Register (NBEPR) within 12 months of the amended regulation, which came into effect on 3 August 2023. Failure to do so could land you in hot water, facing those aforementioned fines, imprisonment, or even the possibility of these compliance costs being factored into the property transfer expenses. It is, therefore, imperative to take action sooner rather than later.
The cost of obtaining an EPC in South Africa varies between R15 000 and R35 000 (as estimated by an independent contractor), depending on factors such as the size of the building, the type of enterprise or business being conducted at the premises and the age of the structures and installations. This expense is an investment in ensuring your property meets regulatory standards and is energy efficient. Additionally, it is important to note that EPCs must be renewed every five years. However, staying up to date with the maintenance and ensuring no significant changes to the building’s structure, can help reduce the costs over time.
Now, you might be wondering about the implications of these regulations on property transactions. Can conveyancers process transactions without an EPC? The answer is a
resounding no. Without a valid EPC, your property transactions could hit a roadblock, delaying the process, and potentially causing financial losses for the parties involved.
As we approach the deadline for compliance, it is essential to take proactive steps. If you find yourself navigating the complexities of obtaining an EPC, or contemplating the sale of your commercial or industrial building, our offices are here to assist you. Our expertise can guide you through the process, ensuring compliance and a seamless transaction experience.
By Tiaan Koen and Nicola van der Walt
