Home Energy Saver Loan

A lot of homeowners want to install solar, add a solar battery, upgrade their switchboard or make their home more efficient.

The problem is the upfront cost.

That is where the NSW Home Energy Saver program may help.

Eligible homeowners and landlords may be able to access a zero-interest loan of up to $15,000 for approved energy saving upgrades.

Discounts of up to $4,000 are also coming soon for eligible households.

For many NSW homes, this could make solar batteries and other energy upgrades easier to afford.

Home Energy Saver Loan in short

Here are the main details:

• Applications are open now and there is no current closing date
• Zero-interest loans of up to $15,000 may be available
• The loan can be repaid over up to 10 years
• It is for eligible homeowners and landlords
• Combined annual taxable household income must be up to $210,000
• Approved upgrades include rooftop solar, residential batteries and switchboard upgrades
• Loans are delivered through participating finance providers

Take advantage of the Home Energy Saver Loan

SolarBright can help make the Home Energy Saver Loan process easier and guide you on your savings and eligibility.

Book your free consultation

Home Energy Saver discounts are coming soon

The NSW Government is also introducing Home Energy Saver discounts.

These discounts are expected to provide up to $4,000 off eligible energy saving upgrades.

Discount applications are coming soon.

The discount is designed for lower income households.

You may be eligible if:

• You are a homeowner
• You are a renter named on the lease
• Your combined household income is up to $80,000
• Or you hold an eligible concession card

What upgrades can be funded?

The Home Energy Saver program can support a wide range of home energy upgrades.

These may include:

• Rooftop solar systems
• Residential batteries
• Switchboard upgrades
• Heat pump water heaters
• Solar water heaters
• Reverse cycle air conditioners
• Induction cooktops
• EV level 2 chargers
• DC ceiling fans
• Ceiling insulation
• Draught-proofing
• Double glazing
• NatHERS assessments

For NSW homeowners looking at solar and battery storage, the residential battery and switchboard upgrade inclusions are especially important.

A battery often needs to be matched properly with your solar system, inverter and switchboard. This is why it is worth getting expert advice before applying.

Can the loan be used for a solar battery?

Yes, residential solar batteries are listed as an eligible upgrade under the Home Energy Saver program.

Can the loan be used with the Federal Battery Rebate?

Yes, eligible NSW homeowners may be able to use the Home Energy Saver Loan to help pay the cost of a battery system after the Federal Battery Rebate has been applied.

This can help reduce the upfront cost and allow the balance to be repaid over time.

The Federal Battery Rebate may have specific eligibility requirements, including approved battery products and accredited installers.

SolarBright can help you understand what incentives may apply to your home and how they can be combined with available finance options.

Who can apply for a Home Energy Saver Loan?

To be eligible for a Home Energy Saver Loan, you must:

• Be the owner of the property
• Be an Australian citizen or permanent resident
• Have a combined annual taxable household income of up to $210,000

This makes the loan available to many NSW homeowners and landlords.

Landlords may also be able to apply for eligible upgrades to improve their rental property.

This can help reduce energy costs for tenants and improve the comfort of the property.

Who can apply for the discount?

The Home Energy Saver discount is different from the loan.

It is aimed at lower income households.

To be eligible, you must:

• Be an owner of the property
• Or be a tenant named on the lease
• Have a combined annual household income of up to $80,000
• Or hold an eligible concession card

Renters may need landlord approval before installing upgrades.

Strata properties may also need strata or owners corporation approval.

Want to take the full advantage of this scheme?

SolarBright can help you make the most of the Home Energy Saver Loan and save time on the loan process.

We partner with solar loan providers to help make loan approval and battery installation smoother.

Talk to one of our solar battery experts or book a free consultation to find out how much you could save and what you may be eligible for.