After several false starts, the department says initiative will be up and running by year’s end
The Government unveiled its ambitious National Retrofitting Scheme in February 2022, aimed at delivering 75,000 home upgrades a year from 2026-2030. Photograph: PA Wires/PA Images
After several false starts, the Government says it is close to getting its low-cost home retrofitting loan scheme up and running. The need for it is obvious, given the seemingly inexorable rise in building costs and interest rates over the past year. As one Irish Times reader put in last week’sHomeowners will be hoping for a speedy roll-out but the process thus far has been something of a farce.
As part of its Climate Action Plan, the Government unveiled its ambitious National Retrofitting Scheme in February 2022, aimed at delivering 75,000 home upgrades a year from 2026-2030 to achieve its overall target of 500,000 by 2030. A key component of the plan was a proposal for a low-interest loan guarantee scheme, allowing households to fund the non-SEAI grant part of their project costs at reduced rates of interest, between 3 and 3.5 per cent.Are Irish workers really the most productive on the planet?Minister for the Environment Eamon Ryan said at the time the scheme would be in place by the summer of 2022.
Some have speculated the delays may be deliberate and ultimately sensible, given the chronic skills shortage and soaring demand for workers and materials. Whatever the case, the strategy appears to be undergoing its own retrofit to make it fit for purpose.Budget 2024: First three lump sums to be paid next monthVon der Leyen’s approach to Israel-Hamas conflict thoughtless and reckless, says Higgins‘At first I didn’t believe the Irish dancing cheating allegations.
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