Thinking about boosting your home's energy efficiency?

Are you thinking about boosting your home's energy efficiency? Now could be the perfect time to do so.

Major banks in New Zealand are currently offering top-up loans with little to no interest, fixed for three to five years. This means you can finally make those upgrades and pay them off at a manageable rate over a set period.

We understand that comparing different loan options can be challenging, so we’ve done the legwork for you. While this isn’t an exhaustive list of all available offers and T&C’s, we’ve focused on the Major banks and key points of each to provide you with a streamlined list of current offers.

ANZ - Good Energy Home Loan

Interest Rate: 1% P.A.
Term: Fixed for 3 years
Amount: Up to $80,000

If you have a home loan with ANZ, you can apply for the ANZ Good Energy Home Loan top-up for amounts ranging from $3,000 to $80,000. This loan covers upgrades such as:

Heat Pumps: Fixed single-split, multi-split, or ducted systems
Insulation: Ceiling, underfloor, and/or wall insulation
Glazing: Double, secondary, or triple glazing
Ventilation: Positive or balanced pressure systems, including heat recovery
Water Heating Systems: Heat pump or solar water heaters

Additional options for clean transportation, renewable energy, and sustainable water upgrades are also available.

Find out more here

ASB - Better Homes Top Up

Interest Rate: 1% P.A.
Term: Fixed for 3 years
Amount: Up to $80,000
Equity Required: Minimum 20%

The ASB Better Homes Top Up can help you improve your home’s energy efficiency with upgrades such as:

Insulation: Underfloor, ceiling, or wall
Glazing: Double or triple glazed windows, or secondary glazing
Heat Pumps
Wood Burners or Pellet Burners
Solar Solutions
Water Heating Solutions
Moisture Reduction

Options for energy-efficient transportation upgrades are also available.

Find out more

BNZ - Green Home Loan Top-Up

Interest Rate: 1% P.A.
Term: Fixed for 3 years
Amount: Up to $80,000

With a BNZ Green Home Loan top-up, you can finance eligible upgrades such as:

Heat Pumps: Fixed or ducted systems
Water Heating: Heat pump or solar water heaters
Insulation: Ceiling, wall, or underfloor insulation
Window Glazing: Double, secondary, or triple glazing
Ventilation: Positive or balanced pressure systems

Options are also available for renewable energy and sustainable water upgrades.

Find out more here

Westpac - Greater Choices Home Loan

Interest Rate: Interest-free for 5 years
Amount: Up to $50,000

The Westpac Greater Choices Home Loan offers up to $50,000 interest-free for five years. Eligible upgrades include:

Heat Pumps: Including hot water heat pumps
Wood Burners: Eligible models
Insulation
Double Glazing
Ventilation
Solar Power Systems and Batteries
Rainwater Tanks

Options for energy-efficient transportation upgrades are also available.

Explore more here

In Conclusion

Upgrading your home’s energy efficiency can lead to significant savings and increased comfort, and with these current loan options, it’s more accessible than ever. Whether you’re looking to install heat pumps, double glazing, improve insulation, or invest in renewable energy solutions, the major banks offer competitive rates and flexible terms to help you achieve your goals.

Take the time to explore these options and find the best fit for your needs. Remember, each bank has its own set of benefits and eligible upgrades, so reviewing the specifics can help you make an informed decision.

If you’re ready to enhance your home’s energy performance and enjoy long-term benefits, now is the perfect time to act. Visit the provided links for more details, and reach out to your preferred bank to get started on your energy-efficient home improvement journey.

Here’s to a more energy-efficient and comfortable home!