Insulation grants scheme extended

The government insulation grants scheme is being extended to include low-income homeowners. Until now, the government’s $18 million Warm Up New Zealand: Healthy Homes programme has targeted landlords, who have been slow to take up the subsidies, despite being legally required to meet new insulation standards by 1 July 2019. The target had been to have 20,000 homes insulated over two years via the scheme but after a year only 3,700 properties had been insulated.

The Warm Up New Zealand insulation grants will be available on a first in basis until the end of June 2018, or earlier if the funding runs out. Now that low-income home owners will be able to take advantage of the subsidy, the uptake is likely to increase significantly and landlords may find themselves missing out.

If you have a rental property that needs to have insulation installed or upgraded to the new standard, and your tenants have a Community Services Card or they have a health issue related to living in a cold or damp environment, then I suggest you get cracking if you want to take advantage of the subsidy. Just a word of caution though. It is reported that some landlords have found it cheaper to install the insulation themselves, even after the subsidy so keep this in mind.

More information about the grants can be seen at www.energywise.govt.nz/funding-and-support/funding-for-insulation/.

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