Should the government kickstart a retrofit insulation boom?

Should the government kickstart a retrofit insulation boom?

The latest research from AMA suggests there are 7.75 million solid wall dwellings in Britain that do not have insulation.

The building insulation market grew by 3 per cent in 2018. This is as a result of new-build housing as well as home extensions and a strong non-residential new build sector, offsetting the decline in the retrofit market, where the key areas of demand by application remains cavity walls and lofts.

The building insulation market is heavily influenced by government schemes, programmes and funding and there is massive potential for retrofitted insulation to Britain’s existing housing stock, with an estimated 7.75 million uninsulated dwellings with solid walls. However, when there is no funding available how can this be achieved? There are currently no forecast increases in funding for new schemes to support retrofitted installation, despite the potential to better insulate millions of existing dwellings.

Evidence suggests that homeowners are reluctant to implement insulation-based, energy-saving measures without a strong financial incentive, especially for solid walled properties, which are generally the most expensive to insulate. It is worth noting that many installers have gone into liquidation in recent years. So how can the building insulation sector encourage these 7.75 million uninsulated dwelling to insulate?

Michelle Turner, editor of AMA Research’s Building Insulation Market Report, said: “Overcoming a downturn in 2015, the building insulation market has recovered well into 2018, despite the decline in government funding initiatives. Supported by the potential opportunities within millions of dwellings with little or no insulation, prospects for the market remain positive.”

The information was taken from Building Insulation Products Market Report

Do you think the government should invest in incentive schemes to boost energy-saving insulation?

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