There has been a lot of talk about green energy this month, with a particular focus on net zero emissions in the electric vehicle space thanks to a financial boost from the Morrison government.
But if an electric car isn’t on the cards for you anytime soon, you might be wondering what else you can do to reduce your household’s emissions and better benefit the environment.
There are a range of home modifications and improvements available that can suit your property type and lifestyle, including:
- Solar energy, including rooftop solar panels and battery storage systems
- Rainwater tanks
- Gray water treatment systems
- Energy efficient appliances and appliances
- Double glazing
- Exterior awnings
These solutions can be beneficial in helping to reduce your household’s dependence on systems that use a significant amount of water and electricity, as well as potentially lower your utility bills.
However, these options can be expensive to purchase and install, with investment costs often noted. as a major obstacle for everyday homeowners to embrace renewable energy technologies.
This is where a green loan may be able to offer a helping hand. A green personal loan is granted by lenders to borrowers who are specifically looking for financing for the purchase and / or installation of energy efficient products for their housing.
Green personal loans also generally have more competitive interest rates than traditional personal loans. Lenders do this to encourage borrowers to take advantage of this type of loan and to make environmentally friendly choices.
To help you on your personal loan comparison journey in November, RateCity created its rankings to rank personal loans, including green loans, in the market using our Real Time RatingsTM system. Real-time evaluationsMT the results give each personal loan a rating out of five stars, based on the cost and flexibility of the loan.
(Rankings are correct at time of posting. Please note that lenders may swap places on the list as interest rates and fees change and RateCity’s tracker reflects those movements.)