Green Loans
Have StopNoise Installed Using A Subsidy From The Government
Green Loans is a new 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 (valued at over $250); 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.
Green Loans Subsidy
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.
About the subsidy
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.
This subsidy covers the interest on borrowing of up to $10,000 for a period of up to four years.
The household can choose which participating bank, credit union or building society they wish to apply for a loan with.
Participating financial institutions have agreed to national requirements for passing on the subsidy. This agreement includes safeguards to ensure that the full subsidy is passed on to the household through reduced cost finance.
