The Government’s Climate Action Plan has set an ambitious target to retrofit 500,000 homes to a Building Energy Rating of B2 (or cost optimal equivalent), and to install 400,000 heat pumps to replace existing heating systems by 2030. Achievement of these targets will be supported by the financial allocation under Project Ireland 2040 of EUR 3.7 billion, and a range of other measures identified in the Climate Action Plan. A cross-Departmental Retrofit Taskforce has been established to develop a new retrofit delivery model capable of achieving the above mentioned targets. Upgrading oil-fired and gas-fired heating systems to more efficient heat pumps is a core component of this new approach. The new retrofit delivery model will address barriers to energy efficiency investments in four key areas: customer proposition and demand generation, financing and affordability, supplier capacity and delivery structure. The Taskforce is also working to determine the estimated cost of achieving our retrofit targets.
The Retrofit Taskforce report, which will include an estimate of the retrofit programme, is to be published in Q3 2020.