The number of green loans drawn down last year jumped over 90% when compared to 2022, new data shows.
The data from Banking and Payments Federation Ireland shows that 4,266 such loans were drawn down last year.Over the past two years, almost 6,500 loans have been issued by BPFI members.
The scheme enables homeowners who receive home energy upgrade grants to cover the rest of the costs with low-interest loans. "These loans, in addition to grant support from the Sustainable Energy Authority of Ireland , should help lower the financial barriers encountered by homeowners who want to make their home more energy efficient, making home energy upgrades more accessible and affordable," Mr Hayes said.
The total loan volume jumped by almost 18% when compared to 2022, while loan values increased by over 23%.
Business Banking And Payments Federation Ireland BPFI Green Loans
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