The product has an initial rate of 3.65% while renovation works are underway.
On completion of the works borrowers will be eligible for a discount of 0.25% for each energy rating step improvement based on the EPC of the property, up to maximum discount of 1.50%.
According to the lender, the new offering is designed to encourage borrowers to upgrade their homes to a better energy efficiency rating.
Applicants can borrow up to 90% of the property’s value on a repayment basis, however up to 75% on interest-only or part-repayment and part- interest only.
In addition, for homes renovated to the exacting Passivhaus EnerPHit standard, an enhanced discount of 1.25% is applicable on completion of the works.
Greencoat Renewables to buy Cavan and Offaly wind farms for €123 million
It has been announced this week that Greencoat Renewables is set to buy two wind farms in counties Cavan and Offaly for €123 million.
Greencoat Renewables, the renewable infrastructure company invested in euro-denominated assets, will acquire Taghart wind farm in Co. Cavan and Cloghan wind farm in Co. Offaly, from Statkraft, Europe’s largest generator of renewable energy.
Construction of the wind farms is scheduled to begin soon, with the acquisition due for completion once each wind farm is fully operational, expected in late 2022.
Statkraft will manage the construction of each wind farm and will continue to provide trading and operational management services for the wind farms once operational.
Community Energy Grants scheme now open for applications
Are you ambitious to see the development of a renewable energy project in your community in 2021? It’s not too early to take the first step, with a grants scheme now open to help support these investments.
Minister for the Environment, Climate and Communications Eamon Ryan has launched the €28 million fund for community energy projects across Ireland – the
Community Energy Grants scheme.
Funded under the National Retrofit Programme, it is now open for applications, offering grant support for energy efficiency and renewable energy projects throughout the country.
The scheme supports substantial investment in energy upgrades to homes and community and commercial buildings. This includes rented properties, businesses, sports and community facilities, public sector buildings and schools.