Were You Aware That There Is A ‘Green Loan’?
Do you want to make your home more sustainable? Sustainable living not only helps our environment, so important for the future of our children, but those living in a sustainable environment also have a direct benefit of a healthier environment.
The Green Loans are part of the Federal Government’s effort to get people to make an effort towards climate change.
“If you are considering a more sustainable home environment the Federal Government will pay for a qualified assessor to do a 90-minute assessment on your home. If you act on the assessor’s recommendations and borrow money to do the work, the Government will pay the interest on your loan (conditions apply).”
The multi-million dollar initiative aims to help households that are already in existence install solar, water-saving and energy-efficient products.
There are two elements to the initiative.
1. The home is assessed by free qualified contractors
2. The interest-free loan. If you access up to $10,000 over four years to make the changes recommended in the assessment, the Government subsidises the interests charged by your financial institution.
According to the Federal Environment Department, upgrades could range from something as simple as changing light bulbs and tap leaks through to solar panels, grey water filtration systems or rainwater tanks.
The heating and cooling of our homes is a major priority in this initiative. Energy bills are getting more and more expensive and air conditioners are a big drain on the energy systems.
As of next year there will be more pressure to go Green.
For your Investment Property (not in the initiative)
If you are thinking of making any changes to your property or your investment properties consider sustainable changes. Opening up a house to a more open plan makes for a cooler house in summer and increasing the size of windows and doors to allow more air flow also has cooling benefits. Often not a lot of difference needs to be done to your plan so that you will get more benefit from the cooling effects.
As electric bills keep rising tenants are going to be looking for these types of features as part and parcel of renting properties.
Filed Under: Property Investment Tips
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