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How to Qualify for a Green Home Loan

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You can quality for our Green Home Loan in two ways:

 

  1. Your building or renovation must comply with the minimum environmental standard required in your state or territory.
  2. You must be installing a minimum of two items from Table A, or one item from Table B, below:

 

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Table A

Home Feature Environmental Benefits
Water-storage tanks (min 2,500 L capacity) Reduces your reliance on shared water supplies
Double or triple glazing Reduces heating and cooling power needs by making your home more temperate
Solar hot water heater or heat pump Reduces your grid power use for heating water
Roof and wall insulation Reduces heating and cooling power needs by making your home more temperate

Table B

Home Feature Environmental Benefits
Grey- or black-water treatment system (connected to laundry and all bathrooms) Reduces your reliance on water-storage dams and shared supplies (planning permits and installation certificates required)
Solar power (min 1.5kw photovoltaic system) Reduces your grid power use; allows you to generate your own power from a renewable source
Alternative power supply Reduces dependence on fossil fuels; allows you to generate your own power
Wind turbine (min 1.5kw) Reduces your grid power use; allows you to generate your own power from a renewable source
Micro hydro system (min 1.0kw) Reduces grid power use; allows you to generate your own power from a renewable source

Things to note:

  • These systems need to be properly installed in appropriate conditions to get the best results.
  • Customers will be required to provide planning permits, plumbing compliance and installation certificates for grey-water treatment systems.
  • All installed items must be above and beyond minimum state requirements. For example, to comply with the new criteria an applicant who is building a new home in Victoria would need to build a 5-Star rated home, plus choose to install either a rainwater tank or solar hot-water system, and in addition install other items from Table A or B above.
  Additional Information:

^ Conditions Apply – please contact one of our lending consultants on (03) 5560 3900 for full terms and conditions.