Climate change affects us all, and many New Zealand homeowners are looking for ways to make their homes eco-friendlier. Green home loans provide an affordable way to finance energy-efficient upgrades. Offering competitive rates and flexible terms, green home loans save you money and reduce your impact on the planet. Whether you’re building new or upgrading your home, green home loans can help cover up front costs.

Switching to energy-efficient solutions

Green home loans make it easier and more affordable for New Zealand homeowners to make eco-friendly changes to their homes. These loans support sustainable living by reducing energy use, lowering power bills, and shrinking carbon footprints.

Typically, green financing is added to your existing mortgage and can fund projects like:

• Buying energy-efficient appliances (e.g., heat pumps, induction cooktops).
• Adding insulation, double glazing, or ventilation systems to make your home warmer and drier.
• Installing solar panels and batteries for renewable energy.
• Setting up rainwater tanks or other sustainable water systems.

Many lenders offer competitive interest rates—some as low as 1% or even interest-free—making green home loans a cost-effective option.

Lending options for green home loans

Banks and non-bank lenders across New Zealand support sustainable initiatives with green financing options. Each lender has unique terms and requirements, so comparing your options is essential. A mortgage adviser can help you understand the options and help you choose the best fit.

Examples of green financing include:

• ANZ Good Energy Home Loan: Offers low rates for energy-efficient upgrades like solar panels and insulation.
• Westpac Warm Up Loan: Provides interest-free loans for heat pumps and clean heating systems.
• BNZ Green Home Loan: Supports projects that improve home energy efficiency and sustainability.
• The Co-operative Bank Environmental Loan: Helps fund eco-friendly home renovations.

Building a greener future

Green home loans are a smart way to fund energy-efficient upgrades and lower your household’s environmental impact. With low or interest-free options, these loans help make sustainable living more affordable.

If you’re ready to start your eco-friendly home improvement journey, contact Mortgage Express. Our advisers can guide you through the process and help you find the best green home loan for your needs.