Credit unions to loan up to €10m for home energy upgrades – The Irish Times

Posted on:

Up to €10 million is expected to be loaned to credit union members for a new home improvement funding scheme this year.

The ProEnergy Homes scheme will be rolled out to 20 credit unions this month to provide funding for energy upgrades to a borrower’s home.

The scheme provides ease of access to a grant from the Sustainable Energy Authority of Ireland (SEAI) for 35 per cent of the cost of the upgrades and low-cost finance for the balance. It was piloted last year in five credit unions.

The Solution Centre, a strategic development unit for credit unions, has devised the package with Retrofit Ireland (REIL) and the SEAI.

Leave a Reply

Your email address will not be published. Required fields are marked *