Home Energy Upgrade Loan Scheme

The Home Energy Upgrade Loan Scheme plays a crucial role in helping homeowners invest in energy upgrades to make their homes warmer, healthier and more comfortable, with lower emissions and lower bills.

It was developed by the Department of Climate, Energy and the Environment, in conjunction with the Department of Finance, the Strategic Banking Corporation of Ireland (SBCI), the Sustainable Energy Authority of Ireland (SEAI) and the European Investment Bank Group.

The Scheme is available nationwide and homeowners can borrow from €5,000 to €75,000 on an unsecured basis for a term of up to 10 years. Rates start from 2.99% depending on the finance provider. At least 75% of the loan (as calculated at the time of the loan) must be spent on energy upgrade works.

In order to avail of the low-cost loans, the upgrade projects musts be supported by an SEAI grant and be projected to achieve a minimum 20% improvement in the energy performance (BER) of the building. Homeowners apply for the loans through the participating finance providers.

PTSB was the first lender to join in April 2024, with AIB and Bank of Ireland joining in June 2024. In 2025 the group of participating lenders was expanded to include Avant Money (in partnership with An Post Money) and seven credit unions from the Irish League of Credit Unions.

Further details related to the Scheme are available on the SBCI website