Rental apartment retrofit scheme.

[thestart]

Hi All,
has anyone looked at the retrofit scheme for a rental apartment? I looked at the SEAI site and couldn't see the 50% saving claimed.
Regards,
TheStart.

 

[ClubMan]

Government launches the National Retrofitting Scheme

www.gov.ie

Homes owned by private homeowners, non-corporate landlords and Approved Housing Bodies are eligible for the scheme.

 

[thestart]

Hi Clubman,
I looked at this and the grants look very small compared to the headlines, am I missing something?
I would like to do internal insulation, triple glazed windows and a heat pump system if possible!
Regards,

 

[ClubMan]

Government launches the National Retrofitting Scheme

www.gov.ie

The new National Home Energy Upgrade Scheme offers increased grant levels of up to 50% of the cost of a typical B2 home energy upgrade with a heat pump (up from the current level of 30-35%).

 

[Leo]

Hi Clubman,
I looked at this and the grants look very small compared to the headlines, am I missing something?
I would like to do internal insulation, triple glazed windows and a heat pump system if possible!
Regards,

Full details have not been published yet, keep an eye on this page for details and the announcements of the One Stop Shops.

 

[jpd]

Throwing subsidies at a problem tends to increase the price - most of the benefit goes to the suppliers and not to the purchasers.

Hopefully there will be systems in place to prevent this - only joking

 

[Leo]

Throwing subsidies at a problem tends to increase the price - most of the benefit goes to the suppliers and not to the purchasers.

True prices will likely rise, excluding materials prices which are are on the increase anyway, a shortage of qualified tradespeople will limit supply below likely demand levels. That said though, unless the price doubles, the consumer will still benefit.

The grants, albeit at lower levels have been around for years though, is there evidence of prices increasing significantly?

 

[Baby boomer]

Economics 101 says it does. Any subsidy tends to increase demand because the number of people who were prepared to purchase at the unsubsidized price is less than those who are willing to purchase at a subsidized price. And when demand increases, price does too. Particularly, when there are supply side constraints in terms of capacity, which there certainly are, at least in the short term.