Tasmania has introduced a new scheme aimed at reducing inflationary pressures, offering households zero-interest loans for energy efficient technologies; including hot water heat pumps.
The State Government’s Energy Saver Loan Scheme will offer no-interest loans of between $500 and $10,000 to eligible households and businesses for a period of three years for the purpose of funding investment in energy efficient products.
Suppliers and installers of energy efficiency products have been invited to make contact with Tasmania’s Minister for Energy and Renewables, Guy Barnett, to express interest in becoming part of the scheme.
“One of the biggest obstacles for Tasmanians undertaking an investment in energy efficiency measures is the upfront cost, and the Scheme is designed to help overcome that issue to make energy more affordable and sustainable,” Mr Barnett said.
Under the Scheme, eligible participants will be able to invest in a range of products, including:
- Rooftop solar and battery storage systems
- Electric heating /cooling, hot water heat pumps, solar hot water heating, efficient electrical appliances
- Building upgrades, in the form of window double glazing and insulation
The scheme will be delivered through contracted loans provider Brighte, which has an established network of accredited vendors across Tasmania and has been working over recent weeks with the energy efficiency sector in Tasmania to expand its network to support the Scheme.
The Scheme is now open, to participate visit the scheme’s website here, or phone 1300 274 448.
