Funding stop during the boiler exchange: a dilemma for thousands of households!

Funding stop during the boiler exchange: a dilemma for thousands of households!

An alarming development on the heating market causes a sensation: The Environmental Protection Organization Global 2000 warns of dramatic consequences by the federal funding for the boiler exchange. This decision has caused the financial support for the exchange of old plants to almost zero in many regions of Austria. Households in Lower Austria are particularly violent, where the funding was reduced to 0 euros, while in Tyrol up to 13,000 euros are still available. "Thousands of jobs and the implementation of the climate goals are acutely endangered," explains Johannes Wahlmüller, climate and energy spokesman for Global 2000, and calls for a quick reintroduction of the grants. The uncertainty is great because most of the applications were only submitted towards the end of the year and must be expected in the coming months with a drastic decline in orders.

effects on the building industry

With the elimination of KfW 55 funding on January 31, 2022, experts such as Jan Bewarders from REM Capital fear similar negative effects on the construction and real estate industry. This funding was an integral part of the project calculation and its loss could result in serious financial consequences. "For many developers, this leads to considerable difficulty in project calculation," says Gewarer. Suddenly an unequal market is created on which real estate is traded in the same location at different prices - depending on the grants received. As a result, the refinancing costs for owners increase, which in turn drives up living costs. "A binding and stable funding policy is urgently necessary to maintain trust in the construction and real estate sector," said Gewarer.

In addition, Global 2000 indicates that a combination of heating changes and thermal renovation makes funding in these areas necessary to advance the energy transition. Without clear guidelines, there is a risk that necessary measures in the renovation and modernization will not be adequately promoted, which hinders energy change. The dramatic changes in the funding not only have an immediate effect on the construction industry, but could also significantly endanger the achievement of the climate goals, as both experts emphasize.

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