Appendix C Current Relevant Activity in Australia Scheme or Program Title
Location
Partners
Purpose and Status
Clean Energy Home Loan
Australia
Bank Australia
With the support of the CEFC through a $60 million investment that was later extended to $90 million due to the strong take-up, Bank Australia was able to support Australians to get a discounted home loan if they buy or build housing that meets high energy efficiency standards, with low interest rates. The home owner receives a 0.4 percentage point discount on its home loan rate. To earn the discount, a home must fit in to one of the following two options:
Clean Energy Finance Corporation (CEFC)
• •
NatHERS 7 Star+ - for newer homes that meet a high standard of energy efficiency Property Upgrade - for existing homes that have made ambitious green upgrades in the last 12 months and can show a 1-star improvement based on Residential Efficiency Scorecard assessments
140 households have taken up the Clean Energy Home Loan which represents 1.3% of the bank’s loan book, and 10% of the of the overall loan growth in FY 2021.
CommBank Green Loan
Australia
Commonwealth Bank
Customers with an eligible CommBank home loan or investment home loan can use the CommBank Green Loan to buy and install eligible clean energy products at the property secured by their existing home loan. The loan offers a 0.99% PA 10-year fixed rate no establishment fee, monthly loan service fee or early repayment fee. The minimum loan size is $5,000, maximum loan size is $20,000.
Renovate or Rebuild TV series
Australia
NSW Department Planning, Industry and Environment (DPIE)
‘Renovate or Rebuild’ aims to crack open sustainable building options to a broad mainstream audience. It combines reality-TV with behavioural science by encouraging Australian homeowners to choose healthier and more energy efficient homes.
CRC Low Carbon Living My Efficient Electric Home
(FB Group Admins) Tim Forcey Katy Daily
Formed in 2015, membership at the Facebook group “My Efficient Electric Home” has over 35,000 members, with over 300 new members joining in most weeks. The group has become a comprehensive database of information about improving the comfort and energy performance of Australian homes. Members help each other with issues and openly
Richard Keech
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Pathways to Scale: Retrofitting One Million+ Homes
