Australian households will soon have even more options for accessing discounted loans to improve the energy efficiency of their homes.
The Australian Government is committing $50 million to Bank Australia through the Clean Energy Finance Corporation (CEFC) to support up to $100 million in green loans.
The investment is part of the Australian Government's $1 billion Household Energy Upgrades Fund (HEUF). It follows announcements with lenders:
- Plenti
- Westpac
- ING Australia.
This takes the total government commitment under the HEUF to $345 million.
The investment will support Bank Australia's refreshed Clean Energy Home Loan. The loan will be available at a reduced variable rate of 5.38% for the first 5 years of the loan.
Eligible customers will be able to install:
- solar rooftop systems
- home battery storage
- other appliances to improve home energy performance and reduce energy bills.
Consumer loans under the refreshed Clean Energy Home Loan will be available from 6 December 2024.
