Eamon Ryan announces new state-supported loan for home retrofitting

The video discusses a new loan facility for home retrofitting, offering up to €75,000 on 10-year unsecured loans. It highlights the benefits of retrofitting, such as cost savings, health improvements, and emissions reduction. The scheme, supported by the European Investment Bank and the Department of Finance, aims to make retrofitting accessible to more people by reducing interest rates. The video also acknowledges the challenges faced in launching the scheme and the collaborative efforts involved.

What is the maximum amount provided by the loan facility for retrofitting homes?

• €100,000

• €25,000

• €50,000

• €75,000

Which organization is involved in providing grants for retrofitting in Ireland?

• European Central Bank

• Sustainable Energy Authority of Ireland

• International Monetary Fund

• World Bank

What is one of the key benefits of retrofitting a house?

• Higher energy bills

• Increased property taxes

• Improved health

• Decreased home value

What role does the European Investment Bank play in the retrofitting loan scheme?

• Providing direct loans to homeowners

• Offering de-risking mechanisms

• Increasing property taxes

• Setting up new housing projects

What challenge did Minister Ryan face in launching the retrofitting scheme?

• High interest rates

• Insufficient funding

• Complexity and stakeholder involvement

• Lack of public interest