One in four property owners has had energy-related renovations carried out in the past twelve months. On average, 37,000 euros were invested in this. More than half of those surveyed have taken advantage of state aid. These are the findings of a recent survey by immowelt that is representative for Germany.
Windows were replaced most frequently (47.1 percent), followed by heating (43.4 percent) and new insulation (42.3 percent).
The importance of state subsidies is clear from the fact that they were used in more than half of cases (55.1%). 31.0 percent of owners received direct grants for their renovation projects, while 13.9 percent were able to take advantage of a low-interest loan, such as those granted by the KfW Bank. One in ten owners was able to combine a direct grant with a low-interest loan.
However, the refurbishments were not always subsidized by the state: In 43.4 percent of cases, the owners paid for the refurbishment entirely out of their own pockets. There are many reasons for this:
- No subsidy programs available: 30.3 percent
- Project was not eligible for funding: 27.7 percent
- Expenditure was too high: 18.5 percent
- Programs not known: 11.8 percent
- Application too time-consuming: 10.9 percent
The willingness of property owners to invest in energy modernization remains unbroken: 21.0 percent of the owners surveyed intend to have measures carried out in the next twelve months, while 27.1 percent of landlords are planning energy measures in this period.
The Federal Office of Economics and Export Control (BAFA) reports that more than ten billion euros in subsidies for energy-efficient renovations have been paid out as part of the federal funding for efficient buildings.
Photo: © Muntzir Mehdi, Pixabay
