Home-owners wishing to upgrade their homes to be more energy efficient will be able to access no-interest loan schemes this year with the launch of a state government scheme.
The Tasmanian Energy Efficiency Loan Scheme (TEELS) will run alongside other no-interest loan schemes and will provide up to $10 million in the form of no-interest finance for the purchase and installation of energy efficient products such as solar panels.
The scheme was launched last week and the state government announced Westpac as its financial partner.
More than 500 people have already registered their interest in the scheme that will officially be launched later this month.
“We encourage customers to sign up and register their interest with Aurora Energy as the first step to making practical changes within their homes and small businesses to help improve their energy efficiency.”
Energy efficient products that come under the scheme include: irrigation pumps, non-ducted air-conditioners, solar panels, condensation control systems and ridges, freezers and washing machines with an energy rating of three and above.
Sustainable Living Tasmania’s executive offier Todd Houstein said the scheme was ideally suited to assist Tasmanians as a cost-effective way to improve inefficient homes.
“Even though energy efficiency saves money in the long run, people sometimes baulk at the upfront cost and interest-free finance helps overcome that barrier,” he said.
“Products such as insulation and heat pumps can make a huge difference to energy use and comfort,” Mr Houstein said.
Tasmanian Small Business Council Chair Geoff Fader said the scheme was an equally important opportunity for small businesses to invest and reduce their energy bills.
The scheme will run in parallel with the successful No Interest Loans Network of Tasmania.
TEELS is a joint initiative of the Tasmanian Government and Aurora Energy.
A list of eligible products and information on how to register is available at www.auroraenergy.com.au