Last updated 31st October 2024
Energy Saver Loan Scheme
Tasmania’s Energy Saver Loan Scheme is here to help make battery storage and other energy-saving upgrades more affordable for households, small businesses, and even rental properties. While there’s no direct rebate on batteries, this scheme provides a zero-interest loan of up to $10,000, with flexible repayment terms to make it easier to cover upfront costs.
How the Energy Saver Loan Scheme Works
With Tasmania’s Energy Saver Loan, eligible applicants can borrow between $500 and $10,000 to fund the purchase and installation of energy-efficient products, including battery storage systems. The loan has no interest and comes with flexible repayment terms of 1 to 3 years.
Key Details:
- Loan Amount: $500 to $10,000
- Repayment: Fortnightly payments
- Term: 1 to 3 years, depending on your needs
- Interest: 0% (that’s right — completely interest free!)
This means you can take steps toward more energy independence and save on your energy bills without paying any extra interest!
What Can You Use the Loan For?
The Energy Saver Loan covers a range of energy-efficient upgrades, not just batteries:
- Solar Panels
- Electric heating and cooling systems (heat pumps)
- Electric heat pump hot water systems and solar hot water systems
- Induction and ceramic electric stovetops
- Double glazing upgrades to existing buildings (not new builds)
- Insulation for existing buildings (not new builds)
- Energy efficient appliances (fridges/freezers, clothes dryers, clothes washers, dishwashers)
- EV charging
Who Can Apply?
- Homeowners looking to make energy-saving upgrades
- Small Businesses interested in reducing their energy costs
- Rental Property Owners wanting to improve energy efficiency for tenants
How to Apply
It’s simple! Head to the Brighte website to learn more about the scheme and start your loan application. Once approved, you can choose from a range of accredited suppliers who will guide you through the installation process.
With Tasmania’s Energy Saver Loan, making your home or business energy-efficient has never been easier or more affordable. Start saving on energy bills today with battery storage and other smart upgrades!
If this all sounds like a lot of information, don’t stress! The installers we connect you with can help determine if you’re eligible for the scheme and advise you on the application process.
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