Today is another positive milestone on Ireland’s decarbonisation journey with the participation of Avant Money, in partnership with An Post, in the Government-backed first of its kind Home Energy Upgrade Loan Scheme. I was extremely pleased to join Darragh O'Brien TD, Robert Troy, June Butler Debbie Byrne, Daniel Pelluz for the launch of Avant Money’s involvement in the scheme which will significantly enhance its appeal and reach.?From today homeowners can apply for the scheme’s low-cost retrofit loans through Avant Money, via the An Post website, with interest rates starting at 3.69%. This collaboration leverages An Post's extensive and trusted relationship in communities the length and breadth of Ireland while combining Avant’s expertise in consumer finance.?
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Avant Money now joins PTSB, AIB and Bank of Ireland in providing low-interest finance ranging from €5,000 to €75,000, with repayment terms of up to 10 years.?It’s expected that a number of credit unions from the Irish League of Credit Unions will also join the scheme in the coming weeks, further enhancing its appeal and reach.
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The availability of low-interest finance makes it more accessible and affordable for homeowners to increase the comfort of their homes, improve health and lower their energy bills. We know that the upfront costs of investing in home energy upgrades can make it more difficult for homeowners to improve the energy efficiency of their homes.?The Home Energy Upgrade Loan Scheme, which is delivered by the (SBCI) Strategic Banking Corporation of Ireland on behalf of the Department of the Environment, Climate and Communications, and supported by the Sustainable Energy Authority of Ireland (SEAI) and the European Investment Bank (EIB) Group, removes this barrier and works in parallel with SEAI’s home energy grant programmes so homeowners can begin their retrofit journey and move away from fossil fuels. This scheme streamlines the process so people can make informed energy-efficient choices.
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Today’s announcement is a vital step in empowering homeowners to take personal action and contribute to Ireland's zero-carbon future.?
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Visit https://lnkd.in/eqYUszhd for more information.
#retrofit #homeenergyupgrades #decarbonisation