Home Renovation Incentive (HRI)

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***The Home Renovation Incentive has been extended to 31st Dec 2018!!!***

The Home Renovation Incentive (HRI) scheme provides for tax relief for Homeowners and Landlords by way of an Income Tax credit at 13.5% of qualifying expenditure on repair, renovation or improvement works carried out on the Homeowner's main home or on rental properties, by qualifying Contractors.

The amount of the HRI tax credit depends on the amount spent on qualifying works. Tax relief can be claimed on qualifying expenditure over €4,405 (before VAT at 13.5%). While there is no upper limit on expenditure on qualifying works, the tax credit will only be given in relation to a maximum of €30,000 (before VAT at 13.5%).

If there are no grants or insurance claims, the lowest tax credit amount is €595 (€4,405 at 13.5%) and the highest tax credit is €4,050 (€30,000 at 13.5%). The HRI scheme can be claimed in conjunction with other cash grant schemes such as the Better Energy Homes scheme but there are some terms. Please contact us for further information.

The HRI scheme was introduced in 2013 and 2015 saw the first tax credits applied to homeowners. In general, the HRI tax credit will be included in tax credits over two years, starting the year after the work is carried out and paid for. It is important to note that the tax credit will only be applicable to works which are subject to the Lower VAT rate of 13.5%. The HRI scheme was extended in 2014 to include rental properties and in 2016 (Budget 2017) was extended to the of 2018.

For example:
If you paid €8,000 (before VAT) to a VAT registered and tax compliant company for the supply and installation of a wood pellet boiler stove, your tax credit is €8,000 x 13.5% = €1,080. This means that you will effectively save €1,080 on this installation.

Comfort Solutions Ireland, being fully registered and compliant, are a qualifying contractor to carry out works under the HRI scheme. Contact us today for more information or for a quotation on works. If you would like further information on the HRI scheme, please visit the Revenue website by clicking here.

 

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David and Margaret Edis, Newtp

I found Comfort Solutions through their web site. I contacted them and they came very quickly to give a quote on the day and at the time that was requested. Our loft although lagged was not up to current specifications. 

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Liam Horan, Ballinrobe

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Fergus Mc Manamon is an excellent service provider. I particularly like his attention to detail - when he says he will turn up, he does; when he says he will come back with a price or a report, he does; and he completes his... Read more

Tom Healy, Ballinaboy

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From start to finish my experience of Comfort Solutions has been very good. I found the Company to be first class in particular Fergus Mc Manamon. I am delighted with the final product and I am in no doubt we will see the benefit of it way... Read more

Paul & Therese Dunne, Castleba

From the start Fergus came out and advised us what was needed doing. He didn’t push anything on us, he told us what he knew, and answered any questions we had.

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Olive Kerrigan, Westport

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Comfort Solutions provided a very professional service that resulted in the Solar System being installed on-time with minimum disruption and to budget.  A follow-up check was conducted to ensure everything was working correctly.

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Sean & Ann Tarmey, Ballintober

We found the house was difficult to heat and it became cold very quickly. Since the external wall insulation, attic insulation and new windows were installed, we have a much warmer comfortable home, and are making huge savings on our fuel bill. The colour render we chose on the exterior... Read more

Barry & Marion Talbot, Westpor

We are pleased with all the work Fergus and his team have done to our house. We expected it to be good but it has surpassed all our expectations. The workmanship was first class and everyone was so helpful with any questions we asked. We would highly recommend Comfort Solutions... Read more

Liam Moloney, Donegal

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Comfort Solutions were for me the ideal solution in providing a complete package of home energy and insulation improvements. I also appreciated their prompt and reliable service.

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David & Margaret Edis, Glenhes

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I found Comfort Solutions through their web site. I contacted them and they came very quickly to give a quote on the day and at the time that was requested. Our loft although lagged was not up to current specifications. After some discussion we decided to just have our... Read more

Gerard Flynn, Ballinlough

I have a 1950s bungalow which had no insulation and was always difficult to keep heated in the winter. I searched the internet for insulation companies in the west of Ireland and I found Comfort Solutions. I was impressed with their website and the positive testimonials of previous customers.

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