Jack Chambers Visits Precision Heating to Discuss VAT Reduction on Heat Pump Supply and Installation
Precision Heating was delighted to welcome Minister of Finance Jack Chambers to their facility to discuss the recently proposed VAT reduction on the supply and installation of heat pumps. The visit provided an opportunity to highlight the importance of this initiative and its potential to drive the adoption of energy-efficient heating solutions across homes in Ireland.
The Bill, set to take effect from 1 January 2025, introduces a reduced VAT rate of 9% on heat pumps that meet specific technical standards. This targeted measure aims to make heat pumps more affordable for homeowners, encouraging widespread uptake as part of Ireland’s commitment to reducing carbon emissions and supporting sustainable energy solutions.
During the visit, Minister Chambers engaged with the Precision Heating team and industry stakeholders to gain insights into the benefits of heat pumps and the challenges faced in transitioning to greener technologies. Precision Heating, a leading provider of innovative heating systems, showcased their state-of-the-art products, underscoring the role of advanced heat pump technology in achieving national energy efficiency goals.
Speaking at the event, Minister Chambers commented:
“This reduction in VAT is a significant step in supporting homeowners to make the switch to renewable energy solutions. Heat pumps play a crucial role in our climate action plan, and this measure will make them more accessible, helping families lower their energy bills and reduce carbon footprints.”
Precision Heating welcomed the government’s commitment to supporting the adoption of energy-efficient technologies. The company emphasized the importance of financial incentives in encouraging consumers to invest in sustainable heating solutions and highlighted their readiness to meet the growing demand for heat pump installations.
Stephen Browne technical director at Precision Heating, added:
“We are thrilled to see progress on this initiative. Reducing the VAT rate on heat pumps will not only make them more affordable but will also accelerate the transition towards cleaner, greener heating systems in Irish homes. At Precision Heating, we are committed to providing top-quality products to heat pump installers to help homeowners embrace this positive change.”
The visit concluded with a demonstration of Precision Heating’s Viessmann Vitocal R290 heat pump systems, showcasing their efficiency, environmental benefits, and technical compliance with the upcoming standards.
