The Hodgman Government has launched a $10 million Tasmanian Energy Efficiency Loan Scheme which provides interest free loans of up $10,000 for Tasmanian households and small businesses to buy energy efficient appliances like heat pumps, double-glazed windows, solar panels and solar hot water systems.
The Tasmanian government aims to help Tasmanians to take control of their power bills and lower their cost of living, and the scheme has been put in place to combat rising power bills.
Products can be purchased from any Tasmanian supplier that has been operating in the State for 18 months or more, which will ensure that Tasmanian businesses benefit from the Scheme as well.
More than 1,860 people have already registered online for the Scheme, with an overall cap of $10 million in total.
The Scheme will complement the existing No Interest Loan Scheme, which supports concession customers to buy energy efficient appliances for their homes.
The No Interest Loan Scheme funds 50 per cent of the cost of purchasing energy efficient appliances.
The Government, Aurora and Westpac are currently working on a scheme to support small businesses with energy efficiency projects valued at $10,000 and $40,000.