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Loans to help you aim for net-zero emissions in your own home

Loans to help you aim for net-zero emissions in your own home

There’s been a lot of talk about green energy this month, with particular focus on net-zero emissions in the electric vehicle space thanks to a financial boost from the Morrison Government.

But if an electric car isn’t on the cards for you anytime soon, you may be wondering what else you can do to reduce your household emissions and better benefit the environment.

There are a range of home modifications and improvements available that may suit your property type and lifestyle, including:

  • Solar power, including rooftop solar panels and battery storage systems
  • Rainwater tanks
  • Grey water treatment systems
  • Energy efficient white goods and appliances
  • Double glazing
  • External awnings
  • Insulation

These solutions may be beneficial in helping to reduce your household’s reliance on systems that use a significant amount of water and electricity, as well as potentially reduce your utilities bills.

However, these options can be expensive to purchase and install, with capital costs often noted as a major barrier for everyday homeowners to take up renewable energy technologies.

This is where a green loan may be able to offer a helping hand. A green personal loan is provided by lenders to borrowers specifically looking for financing for the purchase and/or installation of energy-efficient products for their home.

Green personal loans also typically come with more competitive interest rates than standard personal loans. Lenders do this to encourage borrowers to take advantage of this loan type and make environmentally friendly choices.

To help you in your personal loan comparison journey this November, RateCity has created its Leaderboards to rank personal loans, including green loans, in the marketplace using our Real Time RatingsTM system. Real Time RatingsTM results give each personal loan a score out of five stars, based on loan costs and flexibility.

(Rankings are correct at the time of publishing. Please note lenders may trade places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)

Top rated green loans for November

Top rated personal loans for borrowers with excellent credit

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This article was reviewed by Personal Finance Editor Georgia Brown before it was published as part of RateCity's Fact Check process.

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