Energy efficiency is a priority for homeowners in Ireland, and the Sustainable Energy Authority of Ireland (SEAI) offers a variety of grants to help reduce the cost of deep retrofitting projects. These grants can cover between 30% and 70% of the total cost, depending on the work involved.
Financing Options:
- SEAI Grant Aid: Covers a portion of retrofitting costs, excluding builders’ fees.
- Savings: Homeowners can fund energy efficiency upgrades with personal savings or re-mortgaging, including green mortgage products.
- Green Loans: Low-interest loans from credit unions, building societies, and other financial institutions are available, providing a manageable repayment plan over three to five years.
Grants Available for Key Energy Improvements:
- Attic Insulation: Grants range from €800 for apartments to €1,500 for detached houses. Attic insulation is an ideal first project, especially for homes built before 2011.
- Wall Insulation: SEAI offers grants of up to €8,000 for external wall insulation. Other types of insulation include cavity wall (€700–€1,700) and internal dry lining (€1,500–€4,500).
- Home Heating: The SEAI provides €700 grants for installing advanced heating controls, helping homeowners optimize their energy use.
- Solar Panels: Grants for photovoltaic (PV) solar installations can reach up to €2,400, making solar energy an accessible option for reducing electricity bills and promoting sustainability.
Choosing Between One Stop Shop and Individual Grants The One Stop Shop service streamlines the process by combining all SEAI grants and paying suppliers directly. However, individual grants, while retroactive, offer more flexibility if you plan to phase your projects.
Heat Pump Installations: For those aiming for maximum comfort and energy efficiency, SEAI offers up to €6,500 for heat pump installations, covering up to 30% of the overall cost.
In conclusion, these grants and financing options make it more affordable for homeowners to enhance their home’s energy efficiency. With proper planning and professional advice, retrofitting can significantly reduce energy bills while improving comfort.
For more details, visit the SEAI website or contact an approved contractor to explore the best option for your home.
Original article by Kya deLongchamps from the Irish Examiner (Fri, 24 Feb, 2023 – 12:52), Titled: Deep Retrofit 2023: Show me the money, how to pay for it all: https://www.irishexaminer.com/property/developmentconstruction/arid-41078555.html