TOKYO —The Ministry of Land, Infrastructure, and Tourism plans to revive an eco-friendly building incentive program in which individuals and companies constructing new homes and or renovating homes will be eligible to receive eco-points equaling a maximum of ¥450,000 for energy efficient design and or other environmentally responsible criteria.
Applications will be accepted from March 10. Points can be exchanged for a variety of eco-friendly appliances, agricultural products or for gift certificates usable all over Japan.
Homes fitted with solar panels, double-paned windows and other energy-saving devices will be eligible for points equal to ¥30,000. Homes that are equipped with insulated foam around windows and outer walls in order to cut back on the use of heating and air will be also eligible for ¥30,000 in points per residence. Homes built with earthquake-resistant structures and homes that are updated to be more earthquake-resistant will be eligible for an extra ¥30,000 in points.
The ministry announced that only construction contracts signed between Dec 27 and the end of March 2016 will be eligible to participate in the program. With the limited time period of the incentive, the ministry hopes to encourage as many people as possible to take part in energy conservation efforts.
Following the government’s decision to revive the eco-point program, an additional ¥80.5 billion was added to the fiscal budget at the end of last year.