Mary welcomes the approved package of supports to make it easier and more affordable for homeowners to undertake home energy upgrades, for warmer, healthier and more comfortable homes, with lower energy bills.
The measures address barriers to undertaking energy upgrades (retrofits) reported by homeowners and those working in the industry. They also reflect the step-change needed – in pace and scale of delivery – to achieve our target of 500,000 home energy upgrades, to B2 Building Energy Rating (BER) standard, by 2030.
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The One Stop Shops will offer a hassle-free, start-to-finish project management service, including access to financing, for home energy upgrades.
There are a wide range of generous supports available to suit everyone. While the State is offering to pay up to half the cost of a deep retrofit, it is also offering to pay up to 80% of the cost of doing simpler work such as attic or cavity wall insulation. These latter grants mean that these jobs would cost only about €300 each, but together could knock about 25% off your annual heating bill.
A State-backed system of low-cost loans will also be announced this autumn – between the low interest rates and the size of the grants on offer, the repayments will effectively be covered by the savings people will make on their heating bills. When the comfort of living in a warmer home and the increase in its resale value are added in, we are confident demand will be high.
Another improvement under the One Stop Shop system is that people won’t have to pay the full cost of a deep retrofit before getting their grant payment afterwards. Instead, they will only have to pay the net cost as the one-stop shop will receive the grant payment directly.
The Schemes will be administered by the Sustainable Energy Authority of Ireland (SEAI).
House examples:
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