High costs eating into growing appetite for home retrofitting

New BPFI research calls for government support to ‘bridge affordability gap’ and help achieve state energy targets

Home energy upgrades: High energy bills have many homeowners considering retrofitting their property. However, the high cost of upgrading their energy rating are holding 82 per cent back. Picture: Getty

“Growing momentum” in home retrofits is being countered by the high costs involved in improving energy efficiency, according to research from the Banking & Payments Federation Ireland (BPFI).

The body, which represents the banking sector, has called on the government to introduce targeted supports to “bridge the affordability gap” for homeowners struggling to afford energy upgrades, which would in turn bring the state closer to meeting its own “ambitious” retrofitting targets.

According to a BPFI ...