Low interest loans for energy efficient air conditioning.
Author: https://www.climatecontrolnews.com.au/ Date Posted:20 January 2020
The Clean Energy Finance Corporation (CEFC) has announced plans for home loans with discounted interest rates for residents that utilise solar, energy efficient air conditioning and hot water systems.
The plans were revealed today when the CEFC announced a new green home loan to spearhead the construction of market leading, energy efficient housing.
Bank Australia is the first home loan provider to take up the CEFC finance, which will deliver discounted interest rates to qualifying builders and home buyers.
The new Bank Australia Clean Energy Home Loan, offering eligible borrowers a 0.4 per cent discount on their home finance, will be the first Australian green home loan to use energy efficiency measurement tools to determine eligibility.
The discounted rate will apply for up to five years for customers who buy or build homes which achieve a minimum of 7-stars under the Nationwide House Energy Rating Scheme (NatHERS), which rates the energy efficiency of a home based on its design.
The 7-star rating materially exceeds the minimum standards of the National Construction Code, and homes built to this rating require less energy for heating and cooling.
