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Econation Blog
The NZ Insulation Fund
The Government recently announced in the 2009 Budget that $NZ323.3 million will be made available as grants to homeowners for insulation and clean heating systems over the next four years. This funding programme plans to complete more than 180,000 homes over four years, or a fifth of the 900,000 homes estimated to have substandard insulation.
Full details have not been finalised but some information is available.
Who can get a grant?
Initial details indicate that grants will be available to anyone no matter their income and larger grants are available for Community Services Card holders. The amount available is a third of the cost of insulation to a maximum of $1,200 (more for Community Services Card holders). Some banks, councils, iwis, DHBs and electricity providers have indicated that they will offer loans to those who qualify for grants to cover the remaining amount.
Energy audits
Another possible feature of the Fund is that to qualify for a grant you will need to get an energy audit done. This audit will indicate the most cost-effective way to increase the thermal performance of your house. An audit also provides valuable information about other aspects of the efficiency of the house that can be used to inform future decisions about home improvements.
I hope as many of you as possible take advantage of these grants.
EECA will be administering the fund and whilst full details have not been released there is more information about how the scheme will operate here: EECA: New insulation and heating programme
Posted by Michael Lockhart on 9th June, 2009 | Comments | Trackbacks
Tags: General Sustainability, Government
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