The Clean Energy Finance Corporation (CEFC) has launched a new green home loan to encourage the construction of energy efficient homes throughout Australia.

CEFC has committed $60 million to the program, which will deliver discounted interest rates to qualifying builders and home buyers.

The discounted rate will apply for up to five years for customers who buy or build homes which achieve a minimum of 7-stars under the NatHERS.

In announcing this new green home loan, the CEFC cited two reports produced by ASBEC and ClimateWorks: Low Carbon High Performance and Built to Perform. These reports recognise the significant emissions produced by Australia’s property sector and identify strengthened energy efficiency standards in residential buildings as an effective lever for driving emissions reductions.

Bank Australia is the first home loan provider to take up the CEFC finance, which has indicated that it will extend the Clean Energy Home Loan to existing homes over time.

More information here