camelot-forum.co.uk

I have just read this on Twitter. It relates to an energy efficiency plan that the Italian Government enacted last year.


"If you live in Italy and want to insulate walls and windows and install a heat pump and/or solar, the government will pay you 110% of the cost. To be offset against your taxes over the next 5 years, up to a maximum of €100,000 per home.

It is an enormous offer that is being taken up by huge numbers, leading the government in Rome to claim that in the first eight months of 2021 they reduced emissions of CO2 from home heating by as much as they did in the last 20 years.

The cost in 2021? A cool €9bn.

They believe that it is the only way to convince people to get work done on their homes. Paying a proportion of the cost with a 'grant' just doesn’t work.

Most people either can’t afford to pay the rest, or simply have other more urgent priorities."


Thoughts?

Well its a bold move and I sincerely hope that it works out for them and shows the other nations how to enact change on a national scale. Time will tell if the work that gets done is up to code and standard - its hard to believe theres enough companies able to accommodate the suggested demand and that would suggest that a large number of "chancers" would become insulation / heat pump professionals overnight - a bit like we saw with quite a few solar panel installation companies

It will be interesting to follow this.

Moxi