Grants, Tax Breaks and Savings: Expert advice from the SEAI and Revenue

October 9, 2023

Are you dreaming of a home upgrade? Or looking to get on the property ladder with your first home? It isn’t out of reach – there are grants, tax breaks and ways of saving, all designed to get your home fitted out with the best energy upgrades or to get you into the starter home you deserve!

Get going on your energy upgrade with Electric Ireland Superhomes

Dave Flannery, Electric Ireland Superhomes says, “SEAI grants are better than they have ever been, no matter what your budget is. If you have an attic that hasn’t been insulated to current standards, this is an easy win, and the grant pays for the vast majority of the cost. Likewise, the cost for cavity wall insulation is often almost free to the homeowner, once grants are factored in. There are no grants for windows unless you combine it with other measures like a heat pump.

SEAI has established a new programme for deeper retrofit projects via One Stop Shops like Electric Ireland Superhomes. The benefit of this is that you get all the advice and services you need, under one roof, and this is a major support, technically and financially.

A One Stop Shop can design your retrofit solution, supervise contactors on site and even deduct the grants from your cost of works by looking after the grant application. The One Stop Shop joins together all the different services that make up a successful retrofit, so the journey runs as smoothly as possible. Not only is there an excellent grant for Solar PV, there is also a 0% VAT rate in place to reduce your net costs even further.”

Catch Dave Flannery in discussion with Hugh Wallace and Jo Linehan at the DFS Interiors Theatre on Saturday 21^st October at 12.20pm.

Visit Electric Ireland Superhomes at stand no. R36 all weekend at the PTSB Ideal Home Show.

Avail of Revenue’s Help To Buy scheme

Revenue’s Help to Buy (HTB) incentive forms a key part of the Government’s Housing for All plan. The incentive has been assisting first time buyers in Ireland since 2017 with a deposit of up to €30,000, to enable them to purchase or build their homes with a maximum value of €500,000.

To date, the scheme has distributed over €850 million to over 40,000 claimants from all counties in Ireland. Eligible applicants use the online-only application system through www.revenue.ie to avail of a refund of the income tax/DIRT that they have paid in the previous four years. Approval for the refund is subject to scheme requirements, such as having a mortgage of at least 70% of the purchase price of the house.

There are three steps involved in accessing a Help to Buy refund:

1. Application: Eligible applicants are informed of their maximum potential refund.

2. Claim: Applicants upload home and loan details, including documentation.

3. Verification: By the applicant’s developer or solicitor as appropriate.

Go to www.revenue.ie for full guidance on scheme criteria and how to apply.

Visit Revenue at stand no. K30 all weekend at the PTSB Ideal Home Show.

The PTSB Ideal Home Show takes place from 20th to 22nd October, RDS Dublin.

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