What is the Tasmanian Government Energy Saver Loan Scheme?

How you can invest in energy-efficient products for a bright future

January 2023 | By Fall Real Estate | 4 Minute Read | Tags: Guide, Lifestyle

In this article

  • We reveal how Tasmanians are saving money by taking advantage of the Tasmanian Governments Energy Saver Loan Scheme.
  • We explain who Brighte Capital Company are.
  • We look at how you can get approval for the Energy Saver Loan Scheme and how it works.
  • If you are looking to prepare your investment property for a tenant, we can help!

The Tasmanian Government has developed a scheme to allow homeowners, vendors and business owners to invest in energy-efficient products, saving money on electricity bills, using a 0% interest loan.

 

This scheme is known as the Tasmanian Government Energy Saver Loan Scheme. Brighte Capital, a loan and program provider, is helping the government to deliver this scheme to Tasmanians.

 

The TAS Loan Scheme allows eligible applicants to apply for an interest-free loan between $500 and $10 000 over three years.

“The Scheme offers 0% interest loans of up to $10,000 to residential households, landlords of residential properties, small businesses and not-for-profit organisations to assist in accessing a range of energy-efficient products.” - Brighte Capital

How are Tasmanians saving using the energy efficiency loan scheme under the cost-of-living pressures?

The Energy Saver Loan Scheme covers the purchase price of energy-efficient products, allowing you to pay off your interest-free loan over three years while receiving the benefit of a lower electricity bill. Therefore, you can cut costs on your electricity bill sooner rather than later.

 

There are three categories of energy-efficient products that you could be eligible to purchase using the Energy Saver Loan Scheme:

 

Category A: Electrical generation & storage

Category B: Efficient electrical appliances

Category C: Energy efficiency upgrades for existing buildings

 

Within these three categories, the Energy Saver Loan Scheme will also cover the cost of installations. Some of these include the installation of rooftop solar panels, battery storage systems, electric heating and cooling, solar hot water heating, energy-efficient appliances, double glazing and insulation.

 

In order to find out if you are eligible, you can apply for the loan with Brighte Capital (read below how it works). They are supporting the Tasmanian Government by giving Tasmanians access to affordable finance to make their home or business more energy efficient.

 

Brighte Capital also provides a network of accredited companies across Tasmania to provide us with the product and installation. Consequently, these companies understand the loan scheme and are part of the process of getting you access to the loan.

 

To determine whether you are eligible and who the accredited companies are near you, visit Brighte Capital or read about how to get approval for the TAS Energy Saver Loan below.

How to get approval for the TAS Energy Saver Loan

Brighte Capital has provided a three-step process for getting access to their interest-free loan.

 

Step One:

Find a supplier (or multiple) from the Brighte Marketplace who will be able to help install your desired eligible product.

 

Step Two:

You can ask for a quote from multiple suppliers to find the best price and solution for your home, rental property or business.

 

Step Three:

Let your chosen accredited supplier know that you would like to participate in the TAS Energy Saver Loan Scheme, and they will start the loan process on your behalf. Brighte Capital will contact you directly so you can apply for an interest-free loan.

How does the Energy Saver Loan Scheme work?

Once you have been approved for finance, Brighte Capital will pay your chosen accredited supplier directly, and your preferred supplier will take care of the installation process for you.

 

You will consequently start making your repayments to Brighte Capital - your Energy Saver Loan provider.

 

If you want more tips on saving under the cost-of-living pressures, read our two helpful articles: 30 creative ways to tighten your spending and How to save for a deposit for a house.

Looking to prepare your property to be a rental?

Book a rental property appraisal with one of our professional and qualified property managers, who can take you through the steps to prepare your property to join the rental market.

 

Want to learn more about what a rental property appraisal is and what is involved? Read our informative article: What is a rental property appraisal?

Disclaimer: The information on this website is not legal or professional advice and is general in nature; therefore, the editorial content or articles on this website are intended as a guide only and do not consider your personal objectives, financial situation or particular needs. For more information, please read our Terms of Use and Privacy Policy.

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