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TAS Energy Saver Loan Scheme

The Energy Saver Loan Scheme provides 0% interest loans to eligible applicants to fund the purchase price and installation of energy efficient products.

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The Energy Saver Loan

The Scheme offers 0% interest loans of up to $10,000 to residential households, landlords of residential properties, small businesses and not-for-profit organisations to assist in accessing a range of energy efficient products.

Finance amount
$500 – $10,000
Repayments
Fortnightly
Repayment terms
1 to 3 years
Interest rate
0%
Customer fees
  • $0 establishment fee
  • $0 weekly account keeping fee
  • $0 introducer fee
  • $4.99 late payment fee late payment fee may be applied if you miss a repayment (Late fees are capped at $49.90/year)

The Energy Saver Loan

The Energy Saver Loan scheme will provide interest free loans of between $500 and $10,000 over 3 years to private residential customers, small business customers and landlords of residential rental properties to invest in energy efficient products to help lower their electricity bills.

Energy efficient products will need to be purchased, and installed, through a network of accredited vendors.  Brighte already has a network of accredited vendors across Tasmania and is now working with the energy efficiency sector to extend that network to support the Scheme.

Energy Saver Loan Scheme Eligibility

Eligible applicants for the Tasmanian scheme are defined as:

  • Tasmanians for their principal place of residence;
  • Landlords with residential tenants in Tasmania; and
  • Tasmanian small businesses and community organisations, where their electricity consumption is less than 150MWh per year.

Eligible purchases include:

  • solar power systems
  • home battery systems
  • reverse cycle electric heating and cooling systems (heat pumps)
  • electric heat pump hot water systems
  • solar hot water systems
  • induction and ceramic electric stovetops
  • double glazing upgrades to existing buildings
  • insulation for existing buildings
  • energy efficient whitegoods

Funds provided by the Energy Saver Loan Scheme will be paid by Brighte to the chosen accredited supplier and participants will make repayments to Brighte. While a single applicant can get a loan for their home and another for their business, no single applicant may be loaned more than $20,000 in total.

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