A love story about warm, dry homesWarm Up New Zealand: Heat Smart

17 March 2014 | Jenny Lackey, Project Manager, Energy Efficiency and Conservation Authority

In search of love…

$347 m over 4 years to insulate 188,500 houses, out of 900,000 estimated

Goals of job creation, building the industry, boosting manufacturing outputs from local businesss.

Net benefits to be assessed over two years.

The course of true love never did run smooth….Shakespeare, A Midsummer Night’s Dream

Love is blind and lovers cannot see…Shakespeare, The Merchant of Venice

Brochures, ads

But at the end of the day, love begets love

Love does not consist in gazing at each other, but in looking outward together in the same direction… Antoine de Saint-Expeury

• 13 Councils offer Voluntary Targeted Rates for insulation

• VTR allows ratepayers to add the cost of insulation retrofits onto their rates (paid back over 9 years – 7% interest)

• Individual ratepayer voluntarily chooses this option - Ratepayer pays interest and administration fees.

• Banks offer fee-free top up mortgages and personal loans to the middle income market.

He waka eke noa…

Pictures

If love is the answer, can you rephrase the question…Lily Tomlin

http://www.energywise.govt.nz/resource-centre/videos?page=1&espot_energywise=All&vidsubject_energywise=236

MOTU evaluation shows a better than 4:1 benefit:cost ratio – low income insulation delivers most benefits

$1.375 BN net benefit

New $100 m programme over 3 years

Old, young and vulnerable

Health and

SavingsFunders

The industry

Banks and Councils

Iwi and community

groups

Government

Homeowners and word of

mouth

Love conquers all

Next Steps?