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Credit unions to get up to €10m funding for retrofit scheme

  Credit unions are to get additional funding of up to €10 million for a scheme to finance the retrofitting of homes. The Credit Union Development Association (Cuda) gets funding from the Sustainable Energy Authority of Ireland (SEAI) for ProEnergy Homes, which is Ireland’s first end-to-end home retrofit scheme. Cuda on Monday announced an expansion of the scheme. It is currently available through many of the 50 credit unions that work with Cuda, but any credit union can sign up to it through the group. Cuda said half of the 2021 SEAI €1.5 million in grant aid is already allocated. It is anticipated that additional funding will be sought in the second quarter of this year. The interest rate is 6.9 per cent (APR 7.1 per cent), though if a member has savings of a similar value with their credit union, they may qualify for a lower rate.

Energy costs going up Is a retrofit worth the expense?

Knowledge is power, as the phrase goes, and that applies to householders as much as anyone else. A bit of know-how when it comes to the operation of our houses gives us the ability to alter our behaviour and make significant savings in the process. For many of us, energy consumption amounts to flicking a switch until we achieve a desired outcome - hot water or warm house - but by and large, we pay little attention to the efficiency of the process. Smarter houses With the roll out of smart metres over the coming years, every home and business will be armed with greater knowledge and information about their energy usage and how they can make more efficient use of it.

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