The Tasmanian Government is continuing to provide solutions for cost-of-living as its Energy Saver Loan Scheme receives over 1,500 applications since its launch in October 2022, equating to $13 million.
To help support more Tasmanians to make the transition to more energy efficient technologies, the Government established the Energy Saver Loan Scheme to provide residential and small business customers with interest-free loans of up to $10,000 to spend on a range of approved energy efficiency products.
Using the scheme, eligible participants can invest in a range of products, including:
- Rooftop solar and battery storage systems
- Electric heating /cooling, hot water heat pumps, solar hot water heating, efficient electrical appliances
- Building upgrades, such as window double glazing
Minister for Energy and Renewables, Guy Barnett, said that since the launch of the scheme last October, 1,558 applications to the value of $13 million have been received and are progressing.
“So far 1,352 loans have been approved ($11.3 million), 880 installations have been completed ($7.3 million), over 80 vendors have been approved to supply the products and services, resulting in excellent competition and choice for Tasmanian consumers,” Mr Barnett said.
“These energy saving applications represent more than 1,000 solar systems, 200 electric heating and cooling systems, 80 double glazing installations, 60 hot water systems and more than 60 battery storage solutions.
“And, importantly, 72 per cent of projects being rolled out under the scheme have gone to Tasmanian businesses, supporting our businesses to grow, employ more Tasmanians, and grow our economy.
“Energy efficient products will be offered through a range of vendors accredited by Brighte Captial which already has an established network of accredited vendors across Tasmania.
“I encourage Tasmanians who have been thinking about energy efficiency investments to take this opportunity and make the move now.”
13 June 2023 – An initial publication incorrectly referenced Guy Barnett as the Tasmanian Premier. His correct title is Minister for Energy and Renewables.
