21 May 2018

New home insulation scheme - who's in & who's out?

From Nine To Noon, 9:08 am on 21 May 2018

$142 million was set aside in last week's budget to subsidise insulation in 52 thousand homes over the next four years, administered by the Energy Efficiency and Conservation Authority. But a similar scheme, funded by the previous government, has failed to meet its target of subsidising 20,000 thousand houses by next month - so far only 11 thousand grants have been made, and $9 million remains unspent. The new scheme will cover low income home owner/occupiers who'll be able to access grants covering two thirds of the cost of insulation, and from next year, the cost of installing a heating device. But it will not extend to landlords, despite them being required by law to insulate all rental properties by July next year. Lynn Freeman speaks with Andrew King of the Property Investors' Federation and the Chief Executive of EECA, Andrew Caseley.