Last Tuesday Bank Australia announced their Clean Energy Home Loans, where Australians who are purchasing a home rated 7 stars or higher qualify for a 0.40% discount on their home finance per annum. The Clean Energy Finance Corporation, on behalf of the Australian Government have supported Bank Australia with an investment of up to $60M to work at lowering Australia’s emissions. This scheme aims to reduce the emissions of the property sector which amounts to just under 25% of the nations greenhouse gas emissions.
This discount applies to those who buy or build a 7+ Star Home under the Nationwide House Energy Rating Scheme (NatHERS). The Clean Energy Home Loan will also be extended in coming months to those who make eligible green renovations and existing home loans. The discount rate applies for 5 years and is for mortgages below $1.5M. A seven star rating is higher than the minimum standard in most states and is based on how much heating and cooling a house needs to stay comfortable all year round. The maximum ten star rating is achieved when homes may not need any artificial heating or cooling at all in order to be comfortable.
Energy efficiency is important to us because we know its important to you. A few simple design measures incorporated into your plans can help you save a lot of money in the long run on the heating and cooling of your home. An additional service we offer is that we get every home we build NatHERS star rated. Although its not compulsory in NSW to get your home star rated, in years to come your home will have a greater pull in the market with buyers when you go to sell your home. Contact us today to find out how we can incorporate energy efficiency into the custom design of your home. Simply click here to fill out our online form or call and speak to a friendly member of our team on 6921 9988.
For more information on the eligibility criteria visit Bank Australia‘s website.