Insulation uptake increases, but thousands of landlords could still miss deadline
Landlords appear to be upgrading properties ahead of a July deadline for mandatory insulation, but not quickly enough to clear a backlog projected by the government.
Government-funded insulation grants for landlords ended last June. In November the Ministry of Business, Innovation and Employment estimated that, as of February last year, there could be almost 173,000 private rental properties still needing upgrading, reports BusinessDesk.
Smart Energy Solutions, the country’s biggest home energy efficiency company, says there has been an increase in business from landlords.
But director Paul Thomson said the uptake was nowhere near enough to meet the projected shortfall by the July 1 deadline. From that date rental properties must meet the 1978 standard for ceiling and underfloor insulation where practicable.
“The uptake has increased but is still not what we had budgeted for,” said Thomson, himself a landlord. “We thought there would have been much greater uptake.”
Landlords face fines of up to $4000, payable to tenants, if they fail comply with the 2016 Insulation Regulations.