Banking and Payments Federation Ireland urges more government action to make home energy upgrades more affordable for householdersThe Banking and Payments Federation Ireland report finds that while there are signs of growing momentum in home retrofits, at current rates of progress the Government’s targets for home retrofitting and heat pump installation are 'ambitious'.
A new report on retrofitting published by the Banking and Payments Federation Ireland has called for further government action to make retrofitting more affordable for homeowners, through the introduction of tax incentives, a low-cost finance scheme, and increased grants and subsidies for ancillary costs such as Building Energy Rating certification.
The report, Decarbonising Homes in Ireland, found that while there were signs of growing momentum in home retrofits, at current rates of progress, the Government’s targets for home retrofitting and heat pump installation were “ambitious”, and would require “a significant increase in delivery”. The Government’s plan aims to retrofit 500,000 homes to a B2 Ber and install 400,000 heat pumps by the end of 2030.