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Marion Rae

Green bank unlocks cheap loans for home energy upgrades

Energy Jono Searle

Power bills could be slashed if homeowners take advantage of cheap loans to install solar panels. (Jono Searle/AAP PHOTOS)

Australians will soon be able to get their hands on cheap loans and save on power bills as the federal green bank makes its first investment from the $1 billion household energy upgrades fund.

The $60 million commitment announced on Friday will support cheaper finance for solar panels, home batteries and other energy efficiency upgrades through discounts of up to 2.74 per cent annually on lender Plenti's green loans.

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One subscription that gives you access to news from hundreds of sites

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