Business Irish

Thursday 26 April 2018

Home Energy Scheme has created €170m in Irish investment

THE Home Energy Scheme has resulted in the investment of over €170m in the last three years into the Irish economy.

And the analysis compiled by the Sustainable Energy Authority, which has not yet been published, finds that the scheme is supporting 3,000 full-time jobs in the sector this year alone.

Under the Home Energy Scheme, householders can avail of grant aid to assist them with increasing insulation and upgrading home heating systems.

The SEA's analysis concludes that for every €1 it spends on the scheme, the economy benefits to the tune of €5.

The scheme is self-financing and supporting thousands of jobs and homes that avail of grants save an average of €450 a year on energy bills.

More than 100,000 homes have already been upgraded.

However, the Government has an ambitious target of retrofitting 1m homes by 2020 and the current grant aid expires in 2014.

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