Household Energy Upgrades Fund
The CEFC Household Energy Upgrades Fund™ is a specialist $1 billion fund focused on helping homeowners fast track their transition to cheaper, cleaner energy – while lowering their carbon footprint.
WATCH
HEUF finance at work
Through the Household Energy Upgrades Fund (HEUF), our goal is to provide low-cost finance for best practice energy performance initiatives, working with co-financiers to create tailored and discounted green finance products which are easy for households to access.
HEUF loans have helped households save an average $1,700 to $2,300 a year in electricity bills and reduced energy costs by 80 to 85 per cent in upgraded homes, according to CSIRO analysis of HEUF data.
Watch our guide on the HEUF to discover how the program supports household energy upgrades, how consumers can access discounted finance, and the technologies that may be eligible.
Current programs
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Brighte HEUF Discounted Green Loan
Personal loans
- $2,000 - $55,000
- Discounted introductory rates
- Extensive national network of energy equipment, retailers and installer
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CommBank Home Energy Upgrades
Personal loans
- Customised recommendations to optimise home energy performance
- Upgrades include solar, batteries, EV chargers
- Access to Brighte installer network
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ING Green Upgrade Loan
Mortgage sub account
- Maximum loan $50,000
- Access to Home Energy Helper, delivered in collaboration with BOOM! Power, which can recommend appropriate clean energy technology upgrades
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Plenti HEUF Discounted Green Loan
Personal loans
- Discounted rates off Plenti’s standard green loans
- Access extensive network of accredited partners and installers
- Upgrades include solar battery systems and energy-efficient home assets.
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Plico Finance
Subscription plans
- Discounted weekly payments
- Solar, battery and VPP Rewards with ongoing support
- Available in WA, NSW and ACT
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Westpac Sustainable Upgrades Home Loan
Mortgage sub account
- Maximum loan $50,000
- Example technologies include solar battery systems, EV chargers, double-glazed windows, insulation
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Zelora*
Subscription plans
- Fixed monthly payments
- Zelora offers solar and battery systems across Qld, Vic, SA and NSW
- Subscription includes ongoing support, active monitoring, maximised electricity savings through smart software, and Zelora app.
*Financed by the CEFC General Portfolio
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Bank Australia Clean Energy Home Loan
Green mortgage
- Reduced variable rate for first five years
- Supporting all electric and energy efficient homes
- Access to free assessment tool
CEFC-supported discount fully utilised. Program remains available.
Please note: The CEFC does not provide finance to individual borrowers and is not involved in individual financing decisions. Interested borrowers should contact financial institutions directly.
WATCH
How Janet and Justin upgraded their home energy using HEUF finance
After building their new home in Dora Creek, NSW, Janet and Justin used Brighte’s HEUF discounted finance to install battery storage, helping them gain greater control over their energy use, reduce household energy costs, and enjoy greater peace of mind.
Fast-tracking your household sustainability
As with any financial decision, consumers should undertake their own research and due diligence when considering applying for HEUF finance. This includes working directly with the HEUF delivery financier on products and labour. Take time to think about the technologies that might benefit you, the role of the HEUF co-financiers and the role of the CEFC.
Eligible technologies
HEUF finance specifically targets energy improvements to existing dwellings, which may lack best practice building, energy efficiency, and heating and cooling options. A broad approach to eligible technologies provides flexibility for borrowers while creating scope for new and emerging technology solutions where these reduce household emissions. Eligible technologies may include:
- Energy generation and storage: Solar PV systems and batteries, solar hot water systems
- Heating and cooling: Double-glazed windows, insulation, air-conditioners, ceiling fans and heat pumps
- Plus: Electric vehicle chargers, home energy monitoring systems, pool pumps and induction cooktops.
Role of our Co-Financiers
Working with established co-financiers means HEUF finance can be more readily available to a broad range of consumers Australia-wide. Co-financiers:
- Pass on the benefits of HEUF finance to borrowers
- Finance eligible technologies as agreed with the CEFC
- Create and deliver specialist financing products to customers
- Assess individual loan applications.
Consumer education
The CEFC is working with trusted consumer organisations to help Australians make informed household energy upgrade decisions. Explore the articles below to learn more.
Disclaimer: The CEFC does not offer loans directly to consumers and only provides funding through co-financers; is not responsible for applications and will not review or assess applications for finance; is not responsible for making determinations as to successful applicants; does not encourage, promote or endorse products or associated companies for installation of products; recommends that the consumers complete their own due diligence and research to ensure that products suit their needs; recommends that the consumers consult directly with the HEUF delivery organisation in respect to products and labour; is not responsible for products or labour selected that are not fit for purpose, do not suit the consumer’s needs or are faulty; and is not responsible for any incidents, accidents or injuries arising from products or labour associated with the installation of products.