A green home is one that is designed with environmental sustainability in mind. It is constructed or
altered to consume less energy, water, and natural resources
These eco-friendly homes are built using materials that are not harmful to the environment during
production, use, or disposal, often incorporating recycled or repurposed materials. Green homes
typically utilize renewable energy sources like solar power and feature extensive insulation. They
may also be equipped with thermostats and timers to control temperature, heat pump systems for
heating the home and water, and energy-efficient lighti
Ireland’s initiative to combat climate change and meet international and EU obligations to reduce air
pollution includes promoting greener homes. The Climate Action Plan 2021 already outlined Ireland’s
strategy to achieve this goal, including improving the building energy rating (BER) of 500,000
existing homes to a B2 rating by 2030. It also includes a target to install 600,000 heat pumps in both
new and existing homes.
There are numerous advantages to making your home more eco-friendly. Greener homes are not
only less expensive to maintain but also more comfortable and environmentally conscious. By using
less energy and electricity, these homes help reduce utility bills significantly, which can lead to
substantial financial savings over time. According to the Sustainable Energy Association of Ireland
(SEAI), upgrading a three-bedroom semi-detached house from a D2 to a B2 rating can save you
approximately €1,200 annually on heating costs. This considerable saving highlights the economic
benefits of investing in energy efficiency measures.
Additionally, the construction expenses for building a green home may be lower due to the use of
recycled or renewable building materials. These materials often cost less than traditional ones and
can be sourced more sustainably, reducing the overall environmental impact of the construction
process. Furthermore, green homes tend to have higher property values due to their sustainable
features and lower operating costs, making them a wise long-term investment.
In Ireland, many mortgage lenders now offer lower interest rates to those purchasing or constructing
more energy-efficient homes, a financial product known as a ‘green mortgage.’ These mortgages
are designed to incentivize homeowners to invest in sustainable housing by making it more
affordable to do so. Lower interest rates reduce monthly mortgage payments, making it easier for
homeowners to manage their finances while enjoying the benefits of an energy-efficient home.
Green mortgages are becoming increasingly popular as both lenders and borrowers recognize the
long-term value and positive environmental impact of energy-efficient homes. This financial
support is crucial in helping more people make the transition to greener living, contributing to
broader efforts to combat climate change and promote sustainability.
To be eligible for a green mortgage, most lenders require that you purchase a home with a Building
Energy Rating (BER) of B3 or higher. However, the Bank of Ireland has a different approach,
offering a sliding scale discount on homes with energy ratings ranging from A to G. Green
mortgages are generally available to first-time buyers, those moving homes, individuals switching
lenders, and those constructing their own homes.
Some lenders claim that by offering green mortgages, they encourage people to purchase more
energy-efficient homes. This leads to reduced energy consumption and a smaller carbon footprint,
which is beneficial for the environment. A green mortgage does nothing per se to help the
environment. but it does help save money and keep some extra money in your pocket, and of course
there is nothing wrong with that!
