Help at hand

Building, buying, or renovating, we can inspire and help you as you change to a more energy efficient and sustainable home.

 

 

Benefits of energy efficient homes

Reduced energy costs, kinder to our planet and warmer, cosier homes.

 Comfort: No more drafty cold rooms in winter and future proofed against extreme weather events.
 
 Savings: Reduce your heating bills, potential of a reduced rate AIB Green Mortgage. If you are looking to make extensive upgrades you could benefit from SEAI grants for up to 35% of the costs. To find out more about SEAI grants click here (Source: SEAI). 
 
 Health: No more humidity problems, with less dampness and better ventilation, both of which have health benefits in reducing colds.
 
 Environmental: Higher rated energy efficient homes benefit from lower greenhouse gas emissions and reduce our carbon footprint.
architectural infographic of a home.

 

 

Some simple changes

That don’t cost a fortune.

Women making changes to home
 Turning down the thermostat by just one degree will reduce energy consumption and save you money on energy bills.
 
 Switching out halogen bulbs is a simple change that will save money in the long run. LED bulbs last longer and are considerably kinder to our environment.
 
 Setting the hot water system to 65 degrees reduces energy wastage by not overheating water.
 
 Smart heating controls are a great way to manage energy consumption, track usage and with some systems you can control heating remotely through your smartphone.
 
 Upgrading older appliances for newer more energy efficient ones. EU energy labelling is standard across many electric products and easy to spot.

      

 

Upgrading to a greener home

Whether you are buying new, upgrading or building the dream  help is at hand.

 

Upgrading or buying an older home

 No two home energy upgrades are the same and a number of factors will determine the extent of work that will be needed.
 
 Insulation is an important factor to get right. It keeps heat in and minimises costs. Think top down  start with the attic, walls, then floors. You might need to look at upgrading doors and windows too if they are older.
 
 Finding out the BER (Building Energy Rating) of the property is a good place to start. The lower the BER, the more work that will be needed to make your home energy efficient.

       Click here to go to our BER explained section to find out more.
 
 An extensive home energy upgrade will consider:
 
  • Wall, floor and attic insulation.
  • Upgrading of windows and doors.
  • Renewable energy systems such as solar panels.
  • Ventilation Systems.
(Source: SEAI)
 
Family baking with baby.
Mother with daughter on lap laughing.

Paying for an extensive home energy upgrade

 It might seem like a daunting task  but help is at hand. The Sustainable Energy Association of Ireland (SEAI) has a number of grants:
  • Insulation
  • Solar power for electricity and hot water
  • Heat pump systems
Click here to visit SEAI directly to find out more on these grants.
 
If you are thinking of carrying out a complete home energy upgrade there may be specific funding available to you under the National Home Energy Retrofit Scheme. This grant option offers homeowners a complete home energy upgrade solution supported by a One Stop Shop approach, offering support throughout including with grant application.
 
Click here to visit SEAI to find out more. (Source: SEAI)
 
 In our pledge to DO MORE we have developed some lower rate green finance options that could help to pay for your home energy upgrade.
 

A greener self build

 From 1 November 2019 all new residential houses require a Building Energy Rating of A2 or above. (Source: gov.ie)
 
 This will mean your new home will be warmer, cost less to run and result in a lower carbon footprint, but you may need to think about the extra costs and work involved earlier on.
 
 Renewable energy systems such as solar panels and heat pumps might be some of the green initiatives used in your home to achieve an A2 rating. Click here to find out more.
 
 Aside from energy performance when looking to build a greener home, think of the location. Transport is a significant contributor to carbon emissions. When choosing your site consider if you can walk or cycle to local amenities or if a car (or second car) is going to be needed.
 
 You could apply for the AIB Green Mortgage rate once your self build mortgage loan is fully drawn down and you supply us with a valid BER Cert showing us that your home has a BER rating between A1 and B3. A valid Building Energy Rating (BER) Certificate is required to confirm eligibility.

      Click here to find out more. 
Father and son playing with blocks.
Family sitting on couch.

Buying or living in a new build

 Newer built homes in Ireland will have a higher energy rating than older. From 1 November 2019 all new residential houses require a Building Energy Rating of A2 or above. (Source: gov.ie). But even new builds can benefit from further upgrades.

 Smart heating controls are a great way to manage energy consumption, track usage and with some systems you can control heating remotely through your smartphones.
 
 The BER (Building Energy Rating) of the property will help you to understand where on the energy rating scale your home sits. Click here to go to out BER Explained section to find out more.
 
 If you live in a new build home or are considering buying a new build home with a higher energy rated you could benefit from our Green Lower Rate Mortgage.
 

      

 

Heat pumps — need to know

Installing a heat pump will help control the heating and cooling of your home efficiently while saving you money on energy bills and reducing your carbon footprint.

1. Installing a heat pump will help control the heating and cooling of your home efficiently while saving you money on energy bills and reducing your carbon footprint. 

2. Air to water heat pumps are the most common used in Ireland. They transfer heat to circuits or tanks and then distribute warm water around your home through radiators or underfloor.

3. Older homes may not need to install new radiators, the existing radiators can be used with a new heat pump, but it will depend on the home and condition.

4. For the average Irish home an air sourced heat pump will cost €12,000 - €18,000 to purchase and install and €600 - €1,000 per year to run.

5. Your home may be eligible for funding through the government support scheme for renewable heat. Check out SEAI’s website for the full list of air sourced heat pump grants by clicking here.
(Source: Bord Gáis Energy)

         

Building Energy Rating (BER) explained

A simple A to G scale that will help you understand the energy performance of your home. A rated homes are the most energy efficient, cost the least to run and produce the least carbon. The opposite can be said for G rated homes.

SEAI home energy grants

Insulation, solar panels, heat pump upgrades and much more. Find out what grants are available that could help upgrade your home and lower your energy bills. 

Top tips to improve the BER of your home

One of the most effective things you can do for both the planet and your pocket is to look at the way your home uses energy. We’ve crafted some advice into 9 top tips that could just help.

SEAI BER ratings

Find out how to locate the BER rating of your home if it exists, how to schedule and prepare for a BER assessment. Also there’s help understanding the BER advisory report.

      

 

Solar panels explained

Solar panels generate heat and electricity, reducing your bills and help us move away from burning fossil fuels.

1. By generating renewable energy from the sun, solar panels can help lower your energy bill costs and reduce the need to burn fossil fuels to power electrics and heat our homes.

2. In most cases (depending on the position) solar panels are stored on rooftops. Most of the work takes place outside your home.

3. Generally solar panels installed in domestic settings under certain sizes are exempt from planning, but it’s best to check into this before beginning work.

4. The SEAI have grants available for those looking to install solar panels for water and electricity supplies.

5. Solar panels maybe a good investment for your home. Current trends indicate that homes with solar panels commands higher prices than those without.
(Source: SEAI)

    

Green finance options

Let’s take a look at some lower rate green finance options developed as part of our pledge to DO MORE.

Green 5 year fixed rate mortgage

If you are buying, building or switching to a high energy rated home, we are offering a lower rate of interest. 

Top-up mortgage

If you are an existing AIB mortgage customer you could borrow against the equity in your home to pay for energy efficiency improvements.

Green personal loan

With a green personal loan from AIB, you can make your new car or home improvements a more sustainable choice.

    

 

 

We Pledge To DO MORE

Over the last number of years we have been working to build a more sustainable business. We've invested in wind energy projects, launched a €5 billion climate action fund and created a green mortgage.

And yet, it's still not enough. And we will keep telling ourselves that every day. AIB alone is not the solution to climate change, but we are doing everything we can to be a part of it.

Find out more

 

 

Important/Regulatory Information

The above content is expressed in broad terms and is limited to general information purposes only. Readers should always seek professional advice to address issues arising in specific contexts and not seek to rely on the above information which does not constitute any form of advice or recommendation by AIB.
 
If you’re planning energy efficiency improvements to you home you could apply for the AIB Green Mortgage rate once your top up mortgage loan is fully drawn down and you supply us with a valid BER Cert showing us that your home now has a BER rating between A1 and B3. A valid Building Energy Rating (BER) Certificate is required to confirm eligibility.
 
Some of the links above bring you to external websites. Your use of an external website is subject to the terms of that site.
 
Allied Irish Banks, p.l.c. is an authorised agent and servicer of AIB Mortgage Bank u.c. in relation to origination and servicing of mortgage loans and mortgages. AIB Mortgage Bank u.c. is regulated by the Central Bank of Ireland.