Joanna Tuffy (Dublin Mid West, Labour)
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Question 248: To ask the Minister for Finance if he will provide details of the tax relief scheme for home insulation works announced in the budget; and if he will make a statement on the matter. [48430/10]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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Tax relief for Energy Efficiency Measures (REEM) was announced in the Budget and will be introduced in the forthcoming Finance Bill. It is intended that the relief will encourage individuals to invest in a range of works aimed at making their homes more energy efficient. The incentive will complement the grant aid that is available through various schemes currently operated by the Sustainable Energy Authority of Ireland. Standard rated tax relief will be available, on a subsequent year basis, on expenditure of up to €10,000 on a list of approved works. The total relief available in any one tax year will be €30 million which will allow for works to be carried out on a minimum of 15,000 homes.

Full details of the new incentive will be provided in the forthcoming Finance Bill.