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Low interest green loans for home solar power!

Would you love a home solar power system or solar hot water service, but even with the government rebates and grants available you don't have quite enough cash on hand?

The Australian Government's Green Loans Program, commencing July 2009, will help thousands of Australian families to install solar power systems and solar hot water services by providing low interest loans of up to $10,000!

How the Australian Green Loans Program will work

Australian home owners will be able to access a government-accredited assessor who will assess your current electricity and water use. The consultant will also provide you with advice for low cost strategies; so you will be able to start saving water and electricity immediately!

You will then also be eligible to apply for a low interest Green Loan of up to $10,000 to pay for a solar power system or solar hot water service. The loans will be provided by Australian government approved financial institutions and offer a 4 year interest free period. There are only 75,000 of these loans available over 5 years, so get in quick!

Additionally, you will still be eligible for the current $8,000 home solar power grant or the upcoming solar credits program, plus additional funding from state governments or various solar hot water grants and rebates under Federal and State initiatives!

Between the loan, grants and other incentives such as feed in tariff payments, your monthly repayments will be incredibly low; allowing you to benefit from clean, green solar power without putting undue strain on your family budget!

Basic eligibility details

Applicants must first have a home assessment carried out by a qualified assessor - this is a free service.
You must be either the owner of the home, a trustee shown on the current title or renting (and with permission from the owner)
Your taxable income must be under $250,000 per annum.

Green Loans Program further information

Alternatives - green loans directly from banks

Many financial institutions now offer green loans to their customers at lower rates! Here's a selection of financial institutions in Australia offering green loans for the purchase of solar energy systems: