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New Zealand Government work on climate change initiatives

Energy Efficient Homes

Budget 2007 provides $66.95 million over the next four years to help New Zealand families live in warm, dry, healthy homes that are energy efficient and better for the environment. The new funding - known as the 'EnergyWise Homes package' - builds on existing government programmes, such as the solar water heating programme, home insulation and clean heating retrofit programmes, and the review of the Building Code. This package also includes spending $5.4 million more on the installation of clean forms of heating for low-income households in areas of poor air quality.

Businesses in the energy efficiency, insulation and building sector have the opportunity to provide products and services for this market.

Some of the main elements in the package are:

  • $23 million for an interest-free loans scheme to help homeowners pay for energy efficiency and clean heating upgrades
  • $15.3 million to trial and implement a Home Energy Rating Scheme, a tool to measure the energy efficiency of a house and provide this information to home buyers
  • $14.1 million for the Energy Wise Home Grants scheme, to continue with 12,000 energy efficiency retrofits a year for low-income households.

Emissions trading

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