Green Loans is an Australian Government initiative to help Australians tackle climate change. The Green Loans Program assists Australian families to install solar, water saving, and energy efficient products.
Green Loans has two main components of support from the Australian Government:
- a free Home Sustainability Assessment and report; and
- access to a Green Loans subsidy provided to participating financial institutions to cover up to four years interest for borrowing of up to $10,000, to implement changes recommended in the assessment report.
The Program commenced on 1 July 2009.
Many households who take up a Home Sustainability Assessment may be interested in taking out a loan to undertake the home improvements suggested in the assessment report. To assist these households, the Australian Government has lowered the cost of finance by providing a loan subsidy to participating financial institutions.
For all information regarding green loans check out www.environment.gov.au/greenloans.