Energy renovation

Nothing lasts forever. And that includes elements of a house or apartment. According to Energie Schweiz, around one million houses in Switzerland are in need of energy renovation. As a rule, the first major renovation projects to an owner-occupied home will be needed after around 20 years. At this point, at the very latest, it is worth implementing sustainable measures and switching to energy-efficient alternatives. Energy renovation guarantees environmentally friendly energy consumption and reduces energy costs. According to the Swiss Federal Office of Energy, the energy saving potential for heating, hot water, and electricity in buildings that have not yet had their energy systems upgraded is 50% or more. In addition, an energy renovation contributes to an improved living climate and visually enhances a home. In short: Energy renovation measures help to preserve the value of a property.

The term energy renovation includes all environmentally friendly repairs relating to the roof, insulation, windows, heating, and ventilation. Renovations to insulation will make a particular difference to your wallet. According to Energie Schweiz, better-sealed windows and improved thermal insulation could save you up to 60% in heating costs, depending on the building. Heat insulation projects make up the largest proportion of energy renovation measures in Switzerland. Second are building technology projects, followed by system renovations – where the complete renovation of the building shell often involves changing the heating system. Heating systems are most often replaced by a heat pump. 

Those who keep their property energy efficient will be rewarded financially. In most cantons, the costs of energy measures are tax deductible and there are also subsidies available from the cantons subject to certain conditions. Although the initial costs may seem a little high at first glance, the switch to environmentally compatible heating, etc. will pay off in the long term. Heat pumps, for example, are up to five times more efficient than oil or gas heating, so the installation costs are quickly amortized. BANK-now takes considerations such as this into account when drawing up budgets. Our credit options can be adapted to your situation. Schedule a consultation at your nearest BANK-now branch. Our team of advisors will be happy to work with you to create a budget for your renovation project.

References: EnergieSchweiz, SFOE