Across Australia, homeowners are making eco-friendly changes to their homes, incorporating features that reduce environmental impact and offer long-term cost savings. From energy-efficient appliances to solar panels and rainwater systems, the goal is to create a home that’s kinder to the planet and more cost-effective in the long-run. If you’re looking to make your home more sustainable, a Green Home Loan could help.
Moving towards sustainable living
As awareness of environmental issues grows, more home buyers are choosing energy-efficient features. What was once considered a luxury is now essential, with many Australians looking for ways to make their homes more sustainable.
Homes make up about 10% of Australia’s total carbon emissions and nearly a quarter of the country’s electricity use. Making your home more energy-efficient lowers your power bills, reduces your carbon footprint, and even saves on your home loan.
Choosing a more sustainable way of living comes with several other benefits, including:
- Cost savings: Energy-efficient appliances, solar panels and proper insulation can significantly lower energy bills and save you money.
- Health benefits: Better ventilation and low-VOC materials used in eco-friendly homes improves indoor air quality positively impacting your health.
- Market value: Demand for sustainable homes is rising, leading to higher property values and better resale potential.
- Government incentives: Access to initiatives like zero-interest loans to help with the cost of energy-efficient upgrades and eco-friendly home improvements.
- Future proofing: Smart technologies and renewable energy systems prepare your home for the future.
Financing solutions for eco-friendly upgrades
If you want to reduce your impact on the environment, your home is a great place to start. And with green financing, making your home more energy-efficient could also mean paying less interest.
Green Home Loans are a type of home loan designed to encourage eco-friendly home improvements. With green financing, lenders offer lower interest rates and competitive terms for properties that meet specific energy efficiency standards.
While each lender sets its own lending criteria, to qualify for green financing, homes typically need to have sustainable features such as:
- Solar panels
- Insulation
- Double glazing
- Solar hot water systems
- Water tanks
- Energy storage systems
Most homes must also meet a seven-star NatHERS rating.
Go “green” today with Green Home Loans
More lenders in Australia now offer low-interest green loans, making it easier to finance energy-efficient home improvements, renovations or even a new build. Eco-friendly financing is helping support sustainable living and energy-efficient homes.
If you're thinking about upgrading your home or building a sustainable one, a Green Home Loan could help. Talk to a Mortgage Express broker today for expert advice and find the right loan to suit your goals.
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