Building Minister Chris Penk considers reversing NZ insulation standards upgraded in May 2023, despite savings on heating costs.
Building and Construction Minister Chris Penk is considering rolling back insulation standards in New Zealand, which were recently upgraded in May 2023. These improvements saved new homes an estimated 40% on heating costs but increased upfront costs by up to 2.8%. Penk has received feedback from builders and developers, stating that the new standards added $40,000-$50,000 to new home costs and caused overheating.
July 16, 2024
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