Budget measures expected to boost energy retrofitting spending by households

Addressing the cost of upgrades, with measures such as those announced this week, will be key in driving further demand and take-up by consumers of retrofitting upgrades, the BPFI said. File Picture: iStock

New reduced-interest lending measures, announced in Tuesday’s budget, will likely accelerate already increasing consumer demand for energy efficient home improvements, the Banking & Payments Federation Ireland (BPFI) has said.

A survey, conducted by the BPFI before the budget, showed 49% of consumers are planning to undertake some energy retrofitting measures in their homes over the next three years. That figure is up from 43% last year.