The offer will help Kiwis get started on their energy efficiency pathway
ANZ Bank New Zealand has rolled out a low-interest home loan rate for customers wanting to make their home more energy efficient.
With the ANZ Good Energy Home Loan top up, new and existing ANZ home loan customers can borrow up to $80,000 at a three-year fixed rate of 1% per annum, to upgrade their home with things like solar panels, heating and insulation, double glazing, ventilation systems, and rainwater tanks. The loan can also be used for electric and hybrid vehicles, and EV chargers.
Ben Kelleher, ANZ managing director for personal banking, said people were increasingly concerned about rising energy and fuel costs, as well as environmental sustainability, and were considering making some changes wherever possible.
“Whatever the motivation; saving money on your utility bills, future proofing your home, collecting rainwater to last you through summer, being more energy efficient, or reducing carbon emissions, this loan removes some of the cost barrier for people wanting to make a change,” Kelleher said.
ANZ data showed that many of the changes people want to make were connected to their homes, with eight in 10 people having plans or who would like to improve the energy efficiency of their homes. For those who wouldn’t, most pointed to cost as the main barrier.
“Homeowners who invest in good energy initiatives will also benefit from cost savings over time on things like heating and power and the increased wellbeing that comes from a healthier home,” Kelleher said.
According to the latest EY Mobility Consumer Index, the desire to live more sustainably also extends to people’s choice of car, with half of New Zealanders looking to buy a hybrid or EV in the future.
“We’re really excited to be launching this offer for our home loan customers and helping them get started on their energy efficiency journey,” Kelleher said.
The Green Energy Home Loan offer is subject to change.
