John Clendennen (Offaly, Fine Gael)

For anyone to make a decision on a loan, he or she will consider three key, fundamental points. These are the interest rate, affordability and the loan term. That really determines whether it is feasible or viable. There is one particular cohort, which is our elderly, where the term of the loan may not make sense for them. There is a body of work to do on energy poverty and climate action. I would like to see HVO and wood pellets recognised as an intermediate measure. I mentioned the gap between peat fuel and heat pumps and I believe the likes of HVO and wood pellets should be recognised. There is also an immediate, easy fix, with no disruption to elderly people, through solar panels. We should consider a national scheme where there is free insulation, supported by an SEAI grant, with microgeneration actually funding the installers to the stage where it is paid for. The homeowner will get immediate benefit and will get the transfer of ownership once the full payment has been made. That is a measure we need to introduce for our elderly because right now, it is simply neither feasible or viable to invest in retrofitting.

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