Re:Heat pumps show how hard decarbonisation will be
by ClumsyPilot on Saturday September 09, 2023 @09:45PM
(#37452121)
> The average annual energy bill is £1,923 so even if that insulation was so effective it dropped the energy bill to zero, it'd still be a pretty bad investment.
That would be what, like 7% return on investment? We just had a period of ~0% interest rates and <2% mortgage rates.
It is not realistic to expect ROI of only a few years for upgrades to buildings or infrastructure. Lifespan of these things is like half a century or more.
Coming from eastern Europe, the age and condition of housing here was a bit shocking.
There used to be a grant in UK for insulating housing, and it was cut by conservative government. Our rate of insulating homes dropped form 2 million houses a year to basically zero. Without favourable credit, maybe zero interest credit, avaliable, of course individual homeowners will find it difficult to afford.
That would be what, like 7% return on investment? We just had a period of ~0% interest rates and <2% mortgage rates.
It is not realistic to expect ROI of only a few years for upgrades to buildings or infrastructure. Lifespan of these things is like half a century or more.
Coming from eastern Europe, the age and condition of housing here was a bit shocking.
There used to be a grant in UK for insulating housing, and it was cut by conservative government. Our rate of insulating homes dropped form 2 million houses a year to basically zero. Without favourable credit, maybe zero interest credit, avaliable, of course individual homeowners will find it difficult to afford.