Energy renovations of houses will pay for themselves by the heating bill – not by the sales price

Economic Memo - September 2022 - No. 10

Authors Martinello, Alessandro; Møller, Niels Framroze
Subject Financial stability; Credit risk; Climate
Type Economic Memo
Year 2022
Published 27 September 2022
Abstract icon The majority of energy renovations of houses cost more than they increase the sales price. This holds particularly in the metropolitan area and Aarhus, but also in a number of rural areas. Renovations that increase the sales price more than the renovation costs reduce CO2 emissions only marginally and are typically only possible for houses in and around the medium to large towns and more generally in the geographically more central parts of the country. (Memo available in Danish only).