What is a Green Loan?

Green loans is a Federal Government inititive that will provide people with easy access to practical household improvements that combined could reduce Australia's greenhouse gas emissions by more than 600,000 tonnes of carbon dioxide equivalent every year.

Green loans commenced on the 1st July 2009 and is available through 12 participating financial institutions. The Federal Government pays the interest on the loan over the four (4) year period.

What is involved in the program?

Each household will be required to pay back the loan at the maximum rate of 2% of their annual gross income, with a minimum of $300 to be repaid each year.

Under this program, customers will be required to recieve a household sustainability assessment report that will be paid for by the Rudd Labor Government.

Green loans is expected to be available in 2009.

Some Household items to purchase under this plan include:

		Solar panels
		Rainwater tanks and greywater
		Recycling systems
		Insulation and shading devices
		Solar, heat-pump and high-efficiency gas hot water heaters
		Energy-efficient lighting