Financing for green homes

Posted in Energy essentials

Family in their energy efficient home

Are you a homeowner thinking about making your house more sustainable and energy efficient? 

Whether you’re thinking about a particular project, such as installing solar or improving your home’s insulation, or doing a bigger sustainable renovation or build, there may be green home financing options available to you.

At DC Power Co, we’re not able to provide advice on financing and we don’t receive any fees or rebates on any of the following products. However here are some of the options available.


Green home loans

At the start of 2020, the Clean Energy Finance Corporation (CEFC) launched a green home loan offering eligible borrowers a discount on their home finance for five years. To qualify, you must buy or build a home that meets a minimum of 7 stars under the Nationwide House Energy Rating Scheme. 

A couple of lenders offering green home loans include Bank Australia, offering borrowers 0.4% off their home loan, and Regional Australia Bank offering a green home loan with a 2.95% p.a.

Other lenders including Bendigo Bank, Maleny Credit Union and Hunter United also offer similar options that aren’t supported by CEFC. So if you’re planning an energy efficient build or upgrade, it’s worth checking what your lender has on offer. 


Low interest green loans

As the name suggests, green loans are loans for green products such as solar panels or a battery. They often have lower interest rates than other personal loans or credit cards however it’s important to check the following:

  • Interest rates
  • Other fees and charges (set up costs, account fees and other charges as these can really add up)
  • Do you have the ability to repay early? This may provide additional flexibility to pay back faster, however, there may be a trade off for interest rates.


One option for a green loan is Community First Credit Union (CFCU) which offers attractive interest rates, a flexible application process (online or over the phone) and the ability to provide you with an instant application decision.

However CFCU is not the only green loan option – many financial institutions now offer green loans to their customers at lower interest rates. Find out more about green loan options here.


An unbeatable solar and battery package, perfect for a green home upgrade

If you’re planning a sustainable upgrade to your home, you’re probably considering solar panels. Not only are they great for the environment, but they’ll save you money on your energy costs for years to come. 

But nobody tells you that, if you’re getting solar panels installed, now is the most cost-effective time to think about a solar battery too. With a battery, you’ll be able to use more of your clean solar energy in your home and boost your solar savings. For example, our mid-sized solar and battery package (including installation) can pay for itself in 7 less than years*. 

Designed specifically for households adding solar panels and a battery at the same time, the DC Power Co solar and battery package brings world-leading, tier 1 solar panels together with an Australian-designed battery solution in one streamlined, cost-effective package. 

It comes in a range of sizes depending on your energy needs, household set-up and budget. Plus it comes with great warranties and the battery component of the package is one of the top 3 performers in independent Australian testing.

View the solar and battery package


If you already have solar, but want to add a battery, check out our solar battery package.


*This scenario is the 6.6 kW system and a mid sized battery (7kWh). Assuming typical generation in Victoria and assuming battery gets cycled 90% of the time at 90% depth, solar savings are estimated at $1,734 ($0.20 average value of the solar generated, which could be 10c FiT and 30c usage rate at 50/50% as an example). Battery savings would be an additional $440 per annum, for total savings of $2,174.

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