Technology in service of real estate. JULY 23, 2026

Energy Efficiency Ratings (A–G): How They Affect Price and Bills

A C becomes a B with a month of targeted work. A B becomes an A rarely. Know what each letter is worth to your wallet, and to the next buyer.

Ivan Radulović Ivan Radulović · March 27, 2026 · 5 min read
Energy Efficiency Ratings (A–G): How They Affect Price and Bills

Every new apartment in Serbia must come with an energy performance certificate (Energetski pasoš), a class from A+ to G and an annual energy consumption estimate in kWh/m²/year.

What the letter means in bills

  • A+: under 15 kWh/m²/y heating. Rare outside passive-house projects.
  • A: 15–25 kWh/m²/y. Typical for well-built new construction with heat pumps or district heating plus good insulation.
  • B: 25–50 kWh/m²/y. Majority of post-2018 residential buildings.
  • C: 50–100 kWh/m²/y. 2000s construction with basic insulation; older buildings that went through a solid renovation.
  • D: 100–150 kWh/m²/y. Older buildings with original windows and no facade insulation.
  • E–G: 150+ kWh/m²/y. Unrenovated pre-1980s stock.

Resale premium (Belgrade, 2026)

All else equal, moving from D to B adds roughly 8–12% to sale price in core districts, and the gap widens in the "walking district" blocks that appeal to younger buyers. At the top, the A vs. A+ delta is smaller, buyers don't pay much extra once annual energy bills are already negligible.

Cheapest moves, biggest impact

  1. Windows: swapping single-glazed or tired aluminum for triple-glazed PVC pays back in 7–9 years and bumps the rating.
  2. Thermostatic valves on radiators: a small upgrade with outsized effect in district-heated buildings.
  3. Heat pump replacing electric boiler: dramatic effect on summer and winter bills.
  4. Facade insulation: only works if the whole building agrees. Coordinate with the assembly.

What to ask for at viewing

  • The actual pasoš document.
  • A copy of last winter's heating bill, the only real-world check on the theoretical rating.
  • Window age and glass type.
  • Whether the building has had a coordinated facade renovation.
Ivan Radulović

Ivan Radulović

Founder of Agent 360. Five-plus years as a real estate agent and a close watcher of property markets across the region and Europe, bringing the best of what works elsewhere back home. Writes about Serbian real estate the way he'd explain it to a friend over coffee: plainly, with real numbers, and with 360° tours, VR, and a drone or two.

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