The Hon Chris Bowen MP, Minister for Climate Change and Energy
The Hon Ged Kearney MP, Assistant Minister for Health and Aged Care
Aussie healthcare providers will be able to save more on their energy bills with the Albanese Government delivering cheaper loans for cheaper rooftop solar, electric vehicles and EV chargers.
The Clean Energy Finance Corporation (CEFC) is working with specialist healthcare lender Credabl, with a new $20 million investment to boost the uptake of energy efficient fixtures and fitouts.
It means doctors, dentists, vets and other healthcare providers can access loans with reduced interest rates of up to 0.65%.
This could save eligible borrowers over $4,600 on a $250,000 loan over a five-year term - those savings are just the start with energy efficiency measures crucial to bringing energy bills down for good. In 2024, Australia hit a record 4 million household solar installations, as homeowners continue to embrace the long-term power bill savings our sunshine provides.
The Albanese Government is ensuring Aussie businesses can share in the reliable renewable revolution too, with the uptake of rooftop solar and improved energy efficiency helping to deliver cost of living relief for healthcare providers across the country.
The $20 million investment will also reduce emissions.
Our healthcare sector is estimated to contribute almost 7% to national emissions - globally it is estimated the healthcare sector would be the 5th largest emitter if it were a nation.
Quotes attributable to Minister for Climate Change and Energy, Chris Bowen:
"By providing access to cheaper loans, the Albanese Labor Government is bringing energy bills down for good for Australian doctors, dentists and vets.
"This CEFC investment is supporting small businesses to capitalise on the renewable revolution and play their role in the net zero transformation."
Quotes attributable to Assistant Minister for Health and Aged Care, Ged Kearney:
"Australia's healthcare providers deliver life-saving services across our communities, but they also need energy-saving technologies to help our health system meet the challenges of climate change.
"Our GPs, vets and other health providers are dealing with the impacts of climate change every day as patients present with illnesses from extreme heatwaves, pollution and other climate-related conditions.
"As a former nurse, I'm proud supporting them to take climate action in their own backyard, while reducing the cost of looking after our communities through access to technologies that can reduce the cost of their energy use."
