Local banks in the city of Frederikshavn confirm that citizens have never had such large savings on their accounts as they have today. However, it is not easy to convince them to make use of the money for energy renovation of their houses.
Indeed, as a side effect of the global financial crisis, house owners are reluctant to using or borrowing funds as a result of the uncertainty they feel towards their own economic situation in the near future. Moreover, stagnation of property values in the last 7-8 years does not create incentive for investments in private properties.
However, energy refurbishment of the housing stock has multiple benefits for the citizens and local economy and it is a key sector in which the municipality of Frederikshavn needs to act to become one of the first fossil-fuel free municipalities in Denmark – its long-term goal.
As to encourage energy renovation of dwellings, the municipality has put in place an action plan which includes the following measures:
By now, cooperation has been established with eight national banks’ local offices: Nord Jyske Bank, Jyske Bank, Spar Nord Bank, COOP Bank, Danske Bank, Sparekassen Vendsyssel Bank, Nykredit Bank, Arbejdernes landsbank. The banks have shown great interest in launching the soft loan scheme in cooperation with the municipality. The Coop Bank has already launched a 0%-interest rate loan for energy renovation while the other seven banks agreed to offer a low-interest rate loan for the renovation of private dwellings. All banks signed a cooperation agreement with the municipality of Frederikshavn.
|Frederikshavn launched its soft loan schemes and technical assistance programme in September 2015. All these activities are implemented in the framework of the INFINITE Solutions project coordinated by Energy Cities. Feel free to contact the team and consult the website for more information. |
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January 13, 2016