Low interest or no interest mortgage top-up finance options are currently available with some banks.
This is a great option for the purchase of your heat pump or ventilation system, which will not only increase the value of your home but also reduce your energy consumption.
A warmer and drier home is also a healthier home and these principals are supported by ANZ and Westpac which offer the following mortgage top-up schemes:
ANZ Good Energy Home Loan
Up to $80,000 home loan at 1% finance for 3 years. This finance can be used for the following energy efficiency upgrades:
- Single split / multi-split / ducted heat pump systems
- Ceiling, underfloor and / or wall insulation
- Ventilation systems
- Solar panels
- Solar batteries
- Hybrid and electric vehicles
- Electric vehicle chargers
- Rainwater tanks
Eligibility, terms, and conditions apply and for more information on an ANZ Good Energy Home Loan please see the ANZ website.
Westpac Warm Up loan
Up to $40,000 interest free loan for 5 years. This finance can be used for the following energy efficiency upgrades:
- Heat pumps
- Ventilation
- Double glazing
- Wood burners
- Solar power systems and batteries
- Electric vehicle chargers
Eligibility, terms, and conditions apply and for more information on a Wespac Warm Up Loan please see the Westpac website
Using these lending options for the purchase of your energy efficiency upgrades is a great option to spread the costs with little or no additional interest costs, so why not use the existing equity in your own home for some smart improvements which will save you money in the long term?
Heat Force is here to help with any product selection decisions and we'd love to hear from you!