Work to upgrade energy efficiency in homes is worth over €35 billion to the Irish economy between now and 2050, according to the Sustainable Energy authority of Ireland (SEAI).

The firm made the announcement at its National Deep Retrofit Conference at the Aviva Stadium.

The conference is the first of its kind to take place in Ireland with participation from key stakeholders including building design and construction professionals, financiers, Local Authorities and policy makers. Minister for Communications, Climate Action and Environment, Denis Naughten TD said: "The performance of our building stock is one of the greatest energy efficiency challenges facing our country. This conference acts as a forum to share experiences and learn from each other. However, in overcoming these challenges there is the potential for significant economic and employment opportunity, as well as delivering more comfortable, healthier homes that are cheaper to run."

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Jim Gannon, Chief Executive, SEAI, said: "Through our Deep Retrofit Pilot we are exploring ways to help homeowners overcome the different barriers to deep retrofit. We’re also looking at opportunities to build a robust and sustainable supply chain to support this activity. This involves educating homeowners and communities, developing consumer friendly technologies, making clean energy finance available and delivering value by helping homeowners to lower their energy bills and to enjoy warmer and healthier homes."

www.seai.ie