permanent tsb today announced that they have launched a €10 million loan fund in support of the Better Energy Homes scheme, which is administered by the Sustainable Energy Authority of Ireland (SEAI). This fund is in order to facilitate people who wish to borrow money to improve the energy efficiency of their homes.
Loans will be available from €2,500 up to €25,000 with reduced rates of interest. The loans are for use in conjunction with the cash grant provided through the Better Energy Homes scheme. Grants are available for attic and wall insulation, high efficiency oil or gas boilers with controls upgrade, heating control upgrades and solar heating.
According to Niall O’Grady, Head of Business Strategy at permanent tsb, it’s the perfect opportunity for customers to upgrade the energy performance of their homes.
With energy costs increasing year on year, it makes sense for people to do what they can to improve their homes and make them as energy efficient as possible. Our Green Loans, along with the Better Energy Homes scheme grants mean it’s the best possible time to update a house, resulting in savings for years to come.
Once approved for a Better Energy Homes grant, customers can apply for a Green Loan to begin work on their home. Rates for loans up to €4,999 are 12.2%; for loans up to €8,999, 11.25%; and rates for loans up to €25,000 are 10.4%. For further information, check out our Green Loan section.