Government Subsidies | Green Loans

Green loans are go. Yesterday i received my federal government green loan assessment report. I had my house assessed on 22 september by one of the many trained green loan assessors, so the turnaround. Make the most of solar power and solar hot water with green loans. The federal government's green loans program kicked off on 1 july.

Designed to make it easy for householders to reduce their environmental footprint, the program provides interest-free loans for home.Green loans are available for a broad range of needs, saving you money and helping the environment. ‘green loans’ offer an alternative to traditional loans and are designed to assist you in the take up of environmentally friendly products or incorporate environmentally friendly aspects in a home loan.

Purchase an environmentally friendly home, renovating your existing home or in the purchase of products like solar hot water systems (e.g. solar hot water Brisbane), home insulation or a water tank. Contact Climate Smart Central Queensland Builders or Doyle's Plumbers West Brisbane today. Green loans are offered by a few environmentally conscious banking and credit institutions and ordinarily will save you money through reduced interest rates and other banking fees. Australian government & green loans program. The australian government recently initiated is own green loans program. It offers interest free loans of up to $10,000 to help you make practical improvements to your home to save energy and water.

Green loans are intended to be available until 31 march 2013, or until available funding is exhausted (whichever comes first). Due to the popularity of the program thus far, it is anticipated that available funding for home sustainability assessments will be exhausted well before this date so householders are urged to book now to avoid disappointment.

The green loan is a loan product (generally a personal loan – consult your participating financial institution), developed and offered by participating financial institutions. For example if you need to fix anything related to you you plumbing you will have to show that you contacted a plumber such as Gold Coast plumber. Additionally you will have to hire bins (e.g. skip bins rental Sydney) Each green loan agreement is a private agreement between the applicant and the financial institution. The australian government will provide a subsidy to the participating financial institution which will cover the interest on loans of up to $10,000, for a period of up to four years.

eco loans

Therefore, in order to access green loan funding you must have a green loans home sustainability assessment completed on your home. The assessment report remains valid for six months from the date of the assessment report (for the purposes of applying for a green loan). The subsidised green loan can be used in conjunction with other available rebates, subsidies and incentives for the same items or actions. Green loans are intended to be available until 31 march, 2013 or until available funding is exhausted (whichever comes first). The program has two main components of support provided by the australian government. You are free to choose which participating bank, credit union or building society you wish to apply for a loan with, however lending criteria and loan eligibility will apply. Green loan is to assist applicants that wish to implement recommendations listed within their green loans home sustainability assessment report.

A subsidised home sustainability assessment conducted by a suitably qualified assessor, including a tailored assessment report. Access to low cost finance through a subsidised green loan of up to $10,000 for a maximum of 4 years to implement changes recommended in the assessment report.
Green loans are available for all private houses in rugby for energy saving measures such as loft insulation, wall insulation and heating systems. 40% of the interest is returned to the borrower. Download the latest information leaflet on green loans. Details click this link to rugby credit union. Housing association renovation and leasing scheme. Green loans are now available to households to install environmentally sustainable products such as solar hot water systems once they have had a free home sustainability assessment under the government's green loans program. For eligible customers, the anz green loan is available for amounts from $3,000 to $10,000 over four years. Loan features include no loan approval fee or no loan administration charge, no early-break cost and no interest (repayment of principle only).

Government assistance

Greening your home makes sense from an environmental and a financial perspective. Offering green loans we can help australians save money by making the initial investment in energy and water efficiency more accessible and affordable. Green loans are the result of canberra partnering with financial institutions in a bid to get serious about climate change. And i reckon they offer a terrific deal.

You can borrow up to $10,000 for terms of one to four years - with no interest charged. The only catch is that the money must be used to fund home improvements that are environmentally friendly. Eligible projects include small changes like installing energy efficient lighting through to large scale projects like the installation of energy saving solar panels.

To give you an idea of the savings these loans provide, if you used a four year personal loan to pay for $10,000 worth of eco-friendly renovations, at current rates you could be up for an extra $2600 in interest charges. Before you can apply for a green loan, you'll need to arrange a sustainability assessment of your home. This can be done by contacting the federal government's home sustainability assessment hotline on 1800 895 076. It's a free service that involves an assessor taking a look at your home to work out how much energy and water you currently use along with suggestions for ways you could cut back. Some of the suggested improvements may be minor, but you may also be advised about more costly improvements like installing a rainwater tank. That's where the interest-free loans come in handy. Homeowners aren't under any obligation to make the changes recommended in the assessment. However you will need to arrange a sustainability assessment to apply for a green loan. See Real Estate