Are you considering making your home more energy-efficient? If so, now could be the ideal time to explore how green loans can help.
In New Zealand, these loans are a good way for homeowners to fund eco-friendly upgrades, such as installing heat pump water heaters, solar panels, and ventilation systems. With reduced interest rates, Kiwi banks are making it easier than ever to improve your home’s energy efficiency without breaking the bank.
What are Green Loans?
Green loans and mortgage top-ups are designed to fund a range of green home improvements, offering low interest rates to ease upfront expenses and reduce energy use.
Each bank offers different options, so it's best to seek professional advice first. However, many green loans come with interest rates as low as 1%, or even 0%, helping homeowners overcome the initial costs and save money in the long run
Why invest in a Heat Pump Water Heater?
As energy prices continue to rise, investing in energy-efficient upgrades becomes even more appealing. By taking advantage of a green loan to invest in an efficient heat pump water heating system, you can significantly reduce your household power costs.
Water heating is typically one of the largest energy expenses in a home. With a Calitec Heat Pump Water System, you can lower your energy usage by up to 75% compared to traditional water heaters.
Additionally, installing a heat pump water system meets green loan eligibility criteria, meaning you can secure a loan while cutting your future energy bills—a win-win for both your finances and the environment.
"Finance options starting from 0% are available to help you make your home more energy-efficient"
How to apply?
Applying for a green loan is simple. Many New Zealand banks, including Kiwibank, ANZ, ASB, and Westpac, offer these loans with flexible repayment terms, making it easier for you to finance energy-efficient home improvements.
Simply contact your bank and ask about their green loan options for energy-saving upgrades.
Gen Less
To learn more about green loans and how they can help make your home more sustainable, check out Gen Less’s article, which includes a list of banks and their green loan options in New Zealand. (Gen Less is an initiative from New Zealand’s Energy Efficiency and Conservation Authority (EECA).
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