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SEAI AND HRI Grants

  • 27-10-2015 6:49pm
    #1
    lotusm
    Registered Users, Registered Users 2 Posts: 318 ✭✭


    Hello Folks,

    I am going renovating and extending a house from my mother which was built in the late sixties.
    We have budget of €130K. I Plan to do all energy saving elements to the house as well

    Under HRI you are allowed to recover a maximum of €4050 over 2 years I believe by way tax credits through PAYE based on a maximum application of €30K plus VAT.

    If I use the say remaining costs which would include my energy saving expenses separately and apply for whatever grants on the SEAI which I believe is a Maximum of €7.5k.

    I hope I am getting my point across. are you allowed to do this approach ? is there a link on boards or another website.

    thanking you all in advance for any advice


Comments

  • #2
    Cwell girl
    Registered Users, Registered Users 2 Posts: 2 ✭Cwell girl


    Hi I am going to insulate my house and am just wondering is there any point applying for the seai grant?


  • #3
    sydthebeat
    Subscribers Posts: 42,171 ✭✭✭✭sydthebeat


    http://www.seai.ie/Grants/Better_energy_homes/Better_Energy_FAQ/Homeowner%20FAQ/Can-I-avail-of-the-Home-Renovation-Incentive-and-the-Better-Energy-Homes-scheme-at-the-same-time-.html



    Yes homeowners may avail of both the Home Renovation Incentive (HRI) and Better Energy Homes when upgrading their home.

    Where a home is availing of Better Energy Homes and Home Renovation Incentive the applicant must deduct three times the Better Energy Homes grant value from the Home Renovation Incentive qualifying expenditure. Note: all Better Energy grant-related expenditure can count towards meeting the €5,000 minimum threshold.

    The Home Renovation Incentive will provide a tax credit at 13.5% of qualifying expenditure (minimum €5,000 excl. VAT, maximum €30,000 excl. VAT) on repair, renovation or improvement work carried out on a principal private residence. The works must be completed by a tax compliant contractor on the applicant’s principal private residence. The credit will be payable over two years following the year in which the work is carried out.


  • #4
    Cwell girl
    Registered Users, Registered Users 2 Posts: 2 ✭Cwell girl


    I suppose what i am really wondering is if I would get the work done cheaper by someone who is not on the list of seai contractors and by the time i have had a ber assessment completed after the works...


  • #5
    sydthebeat
    Subscribers Posts: 42,171 ✭✭✭✭sydthebeat


    Cwell girl wrote: »
    I suppose what i am really wondering is if I would get the work done cheaper by someone who is not on the list of seai contractors and by the time i have had a ber assessment completed after the works...

    Not to the same standard.

    The seai Grant code of practise is quite detailed


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