By Paul Homewood
h/t idau
This is hardly a surprise!
Net zero insulation could take more than a century to repay in reduced energy bills, a Government-backed study has found.
Insulation was installed in 14 homes in Yorkshire, at a cost of up to £44,000 per house, for the research conducted by Leeds Beckett University for the Department for Energy Security and Net Zero (DESNZ).
The Government is expected to unveil new plans to fund retrofits in poorer homes, as well as schools and other public buildings, within weeks, as part of Labour’s manifesto pledge to upgrade five million homes to cut bills for families.
But there are fears that the budget of £6.6 billion could be subject to cuts in the Treasury’s spending review in June.
The National Wealth Fund this week announced a £400 million backing for loans to insulate social housing and install heat pumps.
Meanwhile, landlords are expected to spend up to £15,000 to upgrade their homes to an energy performance rating of C, to save renters up to £240 a year, a payback period of more than 60 years.
The Telegraph has the full story here.
The simple fact is that the cheap and most effective forms of insulation, such as loft insulation, have to a large extent already been rolled out. If insulation really was a cost effective, homeowners would have fitted it years ago.