Energy renovation: For 6 out of 10 craftsmen, the start of work is slowed down by access to financing and public aid
While the goal of reducing thermal sieves in France is ambitious, the latest Sofinscope focuses on craftsmen labeled RGE (Recognized Guarantor of the Environment) and what they see on a daily basis alongside customers who want to renovate their home. Financing remains a major obstacle since nearly half of the craftsmen specify that the lack of financial means is the main reason cited by their customers to explain the refusal of their quote and they are 66% to declare that the launch of their customers’ work is slowed down by access to MaPrimeRénov’ type aids.
ACCESS TO FINANCE, A MAJOR OBSTACLE TO ENERGY RENOVATION OF HOUSING
3,351 euros is the average budget that the French are willing to allocate to renovate their housing (Sofinscope – June 2024). A tight budget that requires relying on government aid, considered the main source of financing for individuals (64%), and various financing solutions (conventional depreciable credit, green loan, payment in installments, etc.).
According to 46% of craftsmen, the lack of financial means is one of the main reasons put forward by their customers to explain the refusal of quotes and more than 6 out of 10 craftsmen say that the steps to access financial aid like MaPrimeRénov’ as those to access a financing solution are a brake on the start of the work.
ARTISANS, AN INTERMEDIARY TO HELP CUSTOMERS FINANCE THEIR RENOVATION WORK
Faced with these financial obstacles, RGE artisans position themselves as advisors for their clients because they are able to accompany them to prepare their application for government aid (59% of them) or subcontract this service (17%) and they offer different financing solutions (25%).
One in four craftsmen would like to offer more financing solutions to their customers.
As a funder, we must be facilitators of energy renovation by accompanying housing professionals, be agile to meet the needs of a maximum of French people in terms of financing and access to government aid. Advice and support for the constitution of files are essential.
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Press Contact presse@ca-cf.fr +33 (0)1 87 38 11 81 / +33 (0)6 80 41 17 77
About SofinscopeSofinscope is the barometer of Sofinco, a Crédit Agricole Personal Finance & Mobility brand. Intended to survey the French on their consumption habits and to better understand them, this barometer which is part of the daily lives of the French is carried out by OpinionWay for Sofinco, with representative samples of the French population. This study was carried out on a sample of 402 craftsmen, representative of craftsmen with the RGE label in France. The sample was selected according to the quota method, with regard to the criteria of installation region and type of activity. The interviews were conducted from September 18 to October 11, 2024 by self-administered online questionnaire on a CAWI (Computer Assisted Web Interview) system. All results are available online on Sofinscope: Sofinco’s Consumer and Daily Barometer
About Sofinco
In France, Sofinco is the trademark of Crédit Agricole Personal Finance & Mobility, which distributes a wide range of loans to individuals and associated services across all distribution channels: direct sales, point-of-sale financing (home equipment) and partnerships. Sofinco offers flexible, responsible solutions tailored to the needs of its customers and partners (major retail, specialized and institutional retailers). Google’s UX Finance 2023 Benchmark has awarded Sofinco.fr the title of “Best Mobile Customer Journey”. For more information: www.sofinco.fr