Tasmanian Energy Efficiency Loan Scheme approves $24.7m in loans

The scheme entitles recipients to an interest-free loan of up to $10,000, to be spent on energy efficient upgrades to their homes. It is a joint initiative of the state government, the government-owned electricity retailer Aurora Energy, and Westpac bank. 

Eligible products include solar panels, heat pumps, efficient wood heaters, ceiling and floor insulation, double or triple glazed windows, and minimum 3 star rated fridges, freezers or washing machines. These products must be bought from a Tasmanian supplier who has been operating for 18 months or more, with a full list of eligible products available at www.auroraenergy.com.au/teels.

Tamar Natural Resource Management Group chair Roger Tyshing, who ran last year’s Tamar Sustainable Energy Expo, said it was happy news that nearly $25 million had been approved through the scheme. 

“It’s a really terrific program,” he said. 

“I’m always pleasantly surprised as you drive around Launceston by the number of places with solar panels on their roofs. There are other ways of being energy efficient, though, of course, like insulation, using more energy efficient appliances, and just becoming more aware of energy use.”

Mr Tyshing said he would advise anyone interested to research the scheme and get on board. 

“Do the sums, and if it works for you get onto it before the offer’s withdrawn,” he said. 

“These initiatives are really smart because they enable people who normally wouldn't participate to think about having a go, and implementing energy efficiency in their homes, resulting in a long term benefit to themselves and the environment.” 

The scheme will run until April 30, 2019.

In its first year it included an additional option of loans to small businesses for $10,000 – $40,000, but that is no longer available. 

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