Green home loans are special loans offered by the government to help Australians with specific initiatives that will have a positive impact on the planet. In most cases these initiatives save certain resources such as water or power. For instance, you might like to save some of our dwindling water supplies by installing rainwater tanks to catch run-off that can then be used for the garden, to shower or for other chores such as washing the car. You can also add plumbing that will re-use your grey water for the lawn or garden. Solar power is another way to save resources. By installing solar panels on the roof you can use the sun's power to help heat your water, thus making a smaller carbon footprint. Or better still you can install solar panels that will actually make more energy than your household needs and you can then sell it back to your power company, if they have such a scheme in place. Insulation is another way to reduce your carbon footprint. With good ceiling insulation your cooling and heating needs are reduced considerably. But these things cost money to do and may be beyond the reach of the average wage-earner. The government has provided loans of up to $10,000 free of interest for the first four years to help your finances. They also provide a free assessment service to see if your home fits certain eligibility criteria. You can book this service with a phone call. Many banks and other financial institutions offer green loans in conjunction with the government.

About the Author:

Mel writes about green home loans among other finance related topics.

Author: Mel C