If your in the market for purchasing a home, there is a new incentive for a discount if you go for an energy efficient home. It is being offered by Bank Australia who is giving heavy discount loans to those who buy a home with a 7+ star rating, it is called a green loan.
The goal is to get consumers to have as little impact on the environment as possible. This trend is happening world wide to combat carbon footprints on the earth. At the end of the day it is a win win as your mortgage will be lower along with most of your utility bills.
Key Takeaways:
- The energy efficiency ratings are increasing in base number of stars within new home builds
- Australia is taking concrete steps to ensure their country is contributing to a global protection solution
- New green loan options have been launched in almost 40 European countries since 2018
“The Clean Energy Finance Corporation is providing $60 million in finance for the new Bank Australia Clean Energy Home Loan, which will allow eligible borrowers to secure a 0.4 per cent discount on their home finance.”