The ACT government issued guidelines for the $ 150 million Sustainable Households Program, which will provide zero-interest loans for energy-efficient upgrades.
The program will provide eligible households with access to loans valued at $ 2,000 to $ 15,000 that can be used towards the initial costs of investing in energy efficient home improvements. . These loans will be repaid over 10 years and will have no fees.
Borrowers can borrow above the $ 15,000 limit, but approval will be based on their credit checks. However, the lender can charge interest on any amount borrowed over the limit.
Eligible energy efficiency upgrades include the following:
Solar panels on the roof
Home battery storage systems
Electric heating and cooling systems
Hot water heat pumps
Electric hotplates
Electric vehicles
Electric vehicle charging infrastructure
Installation fees for these products.
“The government is in the final stages of the procurement process to engage a loan provider and will also invite the initial group of registered owners, who have already completed an Actsmart workshop, to participate in a pilot project before completion. of the month of June. said Andrew Barr, chief minister of ACT.
Barr said the program is a key part of the government's strategy to tackle climate change while helping households lower their electricity bills and create jobs in the renewable energy sector.
Updated guidelines are available here.
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