Property

Biggest energy efficiency steps in 30 years

Major changes announced to the Building Code and Building Compliance Documents are the most significant improvements to the energy efficiency of buildings in 30 years.

Friday, May 04th 2007

The changes will see:
·    Tougher insulation requirements (including double glazing in most climates)
·    A new Compliance Document making it easier and cheaper to install solar water heating systems across New Zealand
·    New requirements for energy efficient lighting in new and refitted commercial buildings, a move expected to save building owners around $8 million a year in energy costs nationally.

"A home built under the new standards will save anywhere from $760 to $1800 a year on power bills, quickly making up for any additional up front costs associated with the regulations. We also know that warmer and dryer homes are much healthier homes," Prime Minister Helen Clark said.

From this November new houses in the South Island and the North Island’s Central Plateau will need more insulation and double-glazing. Improvements to house insulation will take effect in most of the North Island in July 2008 and for Auckland and further north from October next year.  

Building Minister Clayton Cosgrove also announced two further proposals for public consultation. The first would require domestic hot water systems in new homes to be more energy efficient, while the second would apply energy efficiency standards to heating, ventilation and air-conditioning (HVAC) systems in new commercial buildings.

Consultation on these ideas has now begun, and the relevant documents are on the Department of Building and Housing’s website. Consultation will close on 29 June 2007, with decisions announced from October 2007.

More information on the existing measures and new proposals can be found at www.dbh.govt.nz/energy-efficiency

SBS FirstHome Combo 6.74
Heartland Bank - Online 6.89
Wairarapa Building Society 6.95
Unity 6.99
Co-operative Bank - First Home Special 7.04
ICBC 7.05
China Construction Bank 7.09
BNZ - Classic 7.24
ASB Bank 7.24
ANZ Special 7.24
TSB Special 7.24
Unity First Home Buyer special 6.45
Heartland Bank - Online 6.55
SBS Bank Special 6.69
TSB Special 6.75
Westpac Special 6.75
China Construction Bank 6.75
ICBC 6.75
AIA - Go Home Loans 6.75
ASB Bank 6.75
Unity 6.79
Co-operative Bank - Owner Occ 6.79
SBS Bank Special 6.19
ASB Bank 6.39
Westpac Special 6.39
AIA - Go Home Loans 6.39
China Construction Bank 6.40
ICBC 6.49
Kiwibank Special 6.55
BNZ - Classic 6.55
Co-operative Bank - Owner Occ 6.55
TSB Special 6.59
SBS Bank 6.79
SBS FirstHome Combo 6.19
AIA - Back My Build 6.19
ANZ Blueprint to Build 7.39
Credit Union Auckland 7.70
ICBC 7.85
Heartland Bank - Online 7.99
Pepper Money Essential 8.29
Co-operative Bank - Owner Occ 8.40
Co-operative Bank - Standard 8.40
First Credit Union Standard 8.50
Kiwibank 8.50

More Stories

Rate cuts needed to lift mood

Wednesday, April 17th 2024

Rate cuts needed to lift mood

The enthusiasm that followed the change in government, mainly from property investors, has waned as homeowners and buyers hang out for interest rate cuts, says Kiwibank.

Support for regulation

Monday, March 18th 2024

Support for regulation

REINZ has emphasised the need for property management regulation to Parliament’s Social Services and Community Committee.

A better investment market

Thursday, March 14th 2024

A better investment market

“Reinstatement of interest deductibility starting from the new tax year on 1 April brings property investors back in line with every other business in the country, where interest costs are a legitimate deductible expense," Tim Horsbrugh, New Zealand Property Investors Federation (NZPIF) executive committee member says.

[OPINION] Recessionary times

Thursday, March 14th 2024

[OPINION] Recessionary times

It is not the best out there for many businesses and property sector people. Sales are down across the board, our clients’ confidence is falling, and there is a lot of uncertainty.