Household Energy Upgrades Fund: $1 Billion to Assist Australians in Purchasing Renewables
A new $1 billion federal fund supports green loans for Australians to install solar, batteries, heat pump hot water
Energy Matters 11:27 am on June 3, 2024
- The Household Energy Upgrades Fund (HEUF) provides green loans with lower interest rates, shorter payback periods aimed at encouraging solar and sustainable home improvements among Aussies. Eligibility criteria are stringent.
- Plenti, a co-financer for HEUF, offers 3.34% p.a. rate with up to $2k-$50k loan amounts at terms of 3-15 years.
- To qualify as consumers: over 18, Australian citizens or residents, valid ID proof, employed and in financial need for energy upgrade installations.
- HEUF funding is a key step towards affordable renewables adoption amid rising fossil fuel costs, supporting both consumer savings and Australia's renewable goals.
https://www.energymatters.com.au/renewable-news/household-energy-upgrades-fund-1-billion-to-assist-australians-in-purchasing-renewables/