I thank the Deputy for his question. The programme for Government commits to using the carbon tax as a key tool to encourage a shift away from fossil fuels and to invest in a sustainable future. There are three areas within my Department that received funding from carbon tax revenue in the most recent budget. First, in the residential and community retrofit area, the budget allocation for 2026 is a record €641 million, including €558 million from the carbon tax. This will support over 73,000 home energy upgrades, including solar PV. This target also includes 11,500 fully funded home energy upgrades under the warmer homes scheme for households at risk of energy poverty. A record €340 million budget has been provided for this scheme for 2026.
There has been significant investment and year-on-year growth in home energy upgrades under the national retrofit plan. In the period from 2019 to the end of 2025, those schemes have provided almost €1.7 billion in support to homeowners for over 244,000 home energy improvements, including almost 32,700 fully funded upgrades for households at risk of energy poverty under the warmer homes scheme, as well as approximately 18,000 heat pump installations. By any fair estimation, that is serious progress.
Importantly, within that, in respect of those retrofits that are made to households, you are looking at savings of up to €1,200 per annum on energy bills. That is significant. They are permanent savings. They are making homes warmer, safer, more affordable and healthier in reducing the emissions and energy use from homes. There are other schemes within the carbon tax, which I will come back to on the supplementary.