What is a green loan for electric vehicles, solar and energy-efficient homes?
How can ‘green loans’ help you pay for solar power, electric vehicles, energy-efficient appliances and other eco-friendly products? Here's everything you need to know about green loans.
Rising gas, electricity and petrol prices, paired with an increase in environmental awareness, are prompting more Australian households to consider transitioning to a cleaner energy future at home and on the road.
While the payback period could be as little as a few years, the initial outlay required for solar power, battery storage and other energy-efficient home improvements and products may be prohibitive for some households. Electric vehicles, which can be powered by renewable solar energy, are typically more expensive than their petrol or diesel counterparts. That’s why some lenders are offering ‘green loans’ to eligible households and businesses. RACV Green Loans are now available to reduce your emissions and running costs.