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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.

With Australia’s existing 11 million homes driving more than 10 per cent of national emissions, making our homes more sustainable is a big part of how we will get to net zero emissions by 2050. And with the majority of existing Australian homes built before sustainability measures were included in construction standards, many will benefit from measures to reduce their heating, cooling and other energy needs, protecting households from extreme temperatures and fluctuating energy prices.

Through the HEUF, our goal is to provide low-cost finance for best practice energy performance initiatives. We’re working with co-financiers to create tailored and discounted green finance products which are easy for households to access.

HEUF finance at work

Plenti HEUF

Plenti HEUF Discounted Green Loan

Features

  • 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.

For more details see Plenti website 

Westpac

Westpac Sustainable Upgrades Home Loan

Features 

  • Available for those with an approved Westpac home or investment loan of $150,000 or more
  •  Maximum loan $50,000
  • Example technologies include solar battery systems, EV chargers, double-glazed windows, insulation. 

For more details see Westpac website 

 

Role of the CEFC

Through the HEUF we are working with co-financiers to develop a range of flexible finance options that aim to support consumers and help them make informed choices with long-term benefits. 

These may include: 

  • Green home loans: To back renovation and retrofits using clean energy technologies to significantly improve energy performance levels determined through credible home energy assessments.
  • Green personal loans: Used for home energy improvements and clean energy technologies.
  • Innovative concessional financial offerings: Products with a focus on unlocking energy savings for borrowers including rental and strata property customers through access to energy efficiency and clean energy technologies. 

Eligible technologies

The CEFC has prioritised technologies with the potential to deliver the largest energy or emissions reduction benefits for households. 

A sample of eligible technologies that can be financed 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 

Miscellaneous: EV chargers, energy monitoring systems, pool pumps and induction cooktops. 

Role of THe Co-Financiers

Our HEUF co-financiers pass on the benefits of our finance to borrowers while meeting the day-to-day needs of individual customers.  

Our co-financiers’ customer networks and experience enable our finance to reach a large number of Australian households. 

Our co-financiers operate these products on our behalf and are responsible for assessing individual applications. 

Individual products focus on selected eligible technologies agreed between the co-financier and the CEFC. 

ROLE OF CONSUMERS 

Consumers seeking finance through HEUF products should complete their own due diligence and research to ensure the product they choose suits their needs. 

Consumers consult directly with the HEUF delivery financier on products and  labour.  

  • The CEFC is not responsible for consumers’ loan applications and will not review or assess applications for finance. 
  • We do not encourage, promote or endorse products or associated companies for installation of products.
  • We are not responsible for products or labour selected that are not fit for purpose, do not suit the consumers’ needs or are faulty.
  • We are not responsible for any incidents, accidents or injuries arising from products or labour associated with the installation of products. 
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Frequently asked questions

Our FAQs have essential information about what we can invest in and how we make investment decisions.

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