Cheaper “Green” Loans

June 11, 2024 |
Share this article:

Australians will soon be able to get their hands on cheap loads and save on power bills as the federal green bank makes its first investment from the $1 billion Household Energy Upgrades Fund (HEUF).

The $60 million commitment recently announced will support cheaper finance for solar panels, home batteries and other energy-efficiency upgrades through discounts of up to 2.74 per cent annually on green loans through lender Plenti.

The nation’s 11 million homes are responsible for more than 10 per cent of national greenhouse gas emissions, and more than a quarter of a per cent of electricity consumption goes on inefficient energy systems such as heating, cooling, and hot water.

Energy Minister Chris Bowen says that “these loans will let more Australians put solar panels on their roof or a batter at their back door, providing big savings on their energy bills for decades to come.”

“This investment will help people with older homes and appliances that don’t meet modern energy standards to upgrade and keep money from leaking out the door.”

In an environment of rising cost of living, particularly energy bills, many consumers are wanting to lower their energy costs and reduce household emissions but have been put-off by the high up-front costs.

“Discounted finance will help households overcome these cost barriers and extend the benefits of clean energy to consumers.”

Applications for these loans opened on June 5 through Plenti.  Other lending institutions also have versions of a ‘green’ loan that you may want to consider; there are websites online that do comparatives to assist you to choose.

Share this article:
Emegency Contact
Watermark Plumbing 1300 119 308
Proximity Plumbing 0401 016 150
NTS Electrical 0401 016 150
Mr Electrix 0423 005 599
RD Locksmiths 0422 848 929
Bells Locksmiths 0415 967 038 (after hours only)
Emergency Hot Water 9344 6602