After several years of work to get its ducks in a row, the Government finally announced the launch of the Home Energy Upgrade Loan Scheme (HEULS) in April 2024. It was finally ready to become the promised game-changer in addressing the upfront-costs hurdle facing the national retrofit programme.  The first of its kind in Europe, bringing together a European Investment Bank loan guarantee and a government-funded interest-rate subsidy, the €500 million scheme offers low-cost, State-backed financing from as low as 2.99%. This is substantially lower than what was on the market from commercial lenders or green mortgages from banks before…

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