Tasmania launches energy efficiency loan scheme

Rooftop solar panels on suburban home (energy upgrades)
Rooftop solar panels (Image: Shutterstock)

The Tasmanian government has launched a new energy efficiency loan scheme this week.

Minister for Energy Matthew Groom said the $10 million Tasmanian Energy Efficiency Loan Scheme, launched in partnership with Aurora Energy and Westpac, would help Tasmanians take control of their power bills.

โ€œWe know that power bills are a big issue for Tasmanian households and that many Tasmanians would like to do more to save money, but they need assistance to turn an aspiration into reality,โ€ Mr Groom said.

โ€œTasmanian households and small businesses will now be able to access interest free loans of up to $10,000 to buy energy efficient appliances like heat pumps, double-glazed windows, solar panels and solar hot water systems.โ€

More than 1860 people have already registered online for the scheme, which is capped at $10 million.

โ€œThe scheme will complement the existing No Interest Loan Scheme, which supports concession customers to buy energy efficient appliances for their homes,โ€ Mr Groom said.

โ€œThe No Interest Loan Scheme funds 50 per cent of the cost of purchasing energy efficient appliances.

โ€œThe Government, Aurora and Westpac are currently working on a scheme to support small businesses with energy efficiency projects valued at $10,000 and $40,000.โ€

A full list of eligible products is available on the Aurora Energy website.

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