State-backed energy efficiency programmes are reducing householder bills by on average €450 annually
23 September, 2011
~ Energy efficiency activity is currently sustaining up to 6,000 jobs ~
-Every euro spent on Better Energy Homes delivers a net benefit of €5 to society -
A cost-benefit analysis published today by the Sustainable Energy Authority of Ireland (SEAI) shows that the State-supported energy efficiency programmes are reducing householders energy bills by on average €450 per annum and are sustaining up to 6,000 jobs.
The cost benefit analysis report highlights the strong financial benefits to Irish society that investments in improved energy efficiency bring. Every euro spent on Better Energy Homes delivers a net benefit of €5 to society, through energy, CO2 and other pollutant savings. The analysis shows that investments in home energy upgrades will be fully repaid through energy savings within eight years.
To date, over 100,000 homes in Ireland have been upgraded through the National Energy Upgrade programme.
Commenting, Dr Brian Motherway, Chief Operations Officer, SEAI, said: “This analysis clearly shows that Ireland is now realising the benefits of sustainable energy. Not only are we seeing at first hand the savings to households and society generally, sustainable energy is supporting jobs right throughout the country. While 100,000 homes have been upgraded through the National Energy Upgrade Programme - which is a significant success - ten times this amount needs to be done if we are to bring all Irish homes up to an energy efficient standard and reap the true benefits of sustainable energy. This is an opportunity which presents significant jobs potential and economic savings to Irish society.”
Download the report Economic Analysis of Residential and Small-Business Energy Efficiency Improvements.pdf (size 1.9 MB) here.
The Sustainable Energy Authority of Ireland (SEAI) has a mission to play a leading role in transforming Ireland into a society based on sustainable energy structures, technologies and practices. The Authority is partly financed by Ireland’s EU Structural Funds Programme co-funded by the Irish Government and the European Union.
Click here to download a copy of this release in PDF format.