Home Renovation Incentive — a great opportunity for homeowners
Among the cuts and taxes announced in Budget 2014 was a great incentive in which homeowners will obtain a tax credit for any applicable home renovations completed in 2014 and 2015.
The type of work that qualifies for the HRI (Home Renovation Incentive) includes repair, renovation, or improvement work that is subject to VAT at 13.5 per cent. This includes extensions, garages and attic conversions, the supply and fitting of kitchens, bathrooms, and built-in wardrobes, fitting of windows, and plumbing including heating upgrades.
Speaking about the announcement, one of the directors of Natural Green Energy in Craughwell, Declan Horan, said he was delighted that the Government is finally taking steps to help homeowners who want to improve their homes but who are always conscious of the cost of doing such a job. “This gives people a chance of making their home more heat efficient in terms of heating and boiler upgrades, or the installation of a new boiler solid-fuel or wood pellet stove,” he said.
“People are more than ever looking to improve the heat efficiency of their home, both to save on fuel costs and to reduce their carbon footprint,” Mr Horan added. However he said the Government was not doing enough to help people do this as current SEAI grants for solar installations needed reviewing and that new grants should be available for green products such as wood pellet stoves and dedicated wood-burning stoves.
For inquiries on how you can benefit from the HRI for plumbing to make you home more heat efficient, contact Natural Green Energy on 091 876816 or email info@NaturalGreenEnergy.ie