Business Budget 2017

Sunday 11 December 2016

Budget set to deliver funds for retrofitting

Published 06/10/2016 | 02:30

Examples of retrofitting include installing insulation and new flooring. GETTY
Examples of retrofitting include installing insulation and new flooring. GETTY

Funding to retrofit thousands of homes is expected to form part of next week's Budget.

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Climate Change Minister Denis Naughten has argued during negotiations with the Department of Public Expenditure that he needs significant money to ramp up investment in making homes warmer and cheaper to heat.

Despite a series of schemes over recent years, it is estimated that around one million properties are still in need of work which would make them more energy efficient.

Examples of retrofitting include installing insulation and new flooring.

Already, €20m has been provided for 38 community energy projects through the Better Energy Communities scheme, operated by the Sustainable Energy Authority of Ireland.

That money is being used to upgrade more than 2,600 homes and almost 300 community and commercial facilities.

Sources told the Irish Independent that further monies for retrofitting homes is likely to be in the Budget.

Ireland has a national target to improve the energy efficiency of our economy by 20pc by 2020.

It is understood that Mr Naughten has stressed to other ministers that falling short on the energy efficiency target could add as much €250m per year to the financial cost of not meeting the binding renewable energy target.

New initiatives to encourage energy efficiency are set to form a significant part of a new 'National Low Carbon Transition and Mitigation Plan', which will be published in November.

The final plan will be released next April with the focus on electricity generation, the built environment, transport and agriculture.

Irish Independent

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