Some 47 million people in Europe were unable to heat their homes sufficiently last winter. This figure has risen dramatically since 2021. Three factors are decisive when it comes to “energy poverty”: obsolete buildings, high energy costs, and low household incomes. Experts warn that the result may be social conflict.
As the article says, this problem has several layers.
We have also energy problem in my apartment in Riga. State offers us something like 70000€ to insulate our 120 year old hause. The catch is, me and my neighbors have to pull that money together, do the renovation and after the fact we are reimbursed. But dude. Who has such money laying around!?
I know people don’t like to hear it but, assuming you and your neighbours collectively own the house, taking out a loan for a renovation like this isn’t the worst idea. Might be a massive headache though.
That is what loans are for. You own the house and this can work as collatoral.