Benefits at a glance
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If you borrow more than $5,000, we’ll contribute up to $2,000 over four years towards the cost of the system – $800 at the end of the first year and $400 at the end of each of the following three years.
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If you’re already a Kiwibank Home Loan customer, we’ll waive the home loan top-up fee.
How it works
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Eligible systems
You can use the loan for solar power, small-scale hydro, wind energy or geothermal resources. The system you buy has to:
- Be for sale to the general public
- Have at least a 10-year manufacturer’s warranty
- Be supplied and installed by a company that’s a member of the Sustainable Electricity Association of New Zealand (SEANZ).
The sustainable energy loan has to be taken out at either the time the system is installed or when you get an agreement for installation. It isn't available for commercial business purposes.
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Structure
The sustainable energy loan is a variable rate home loan. The minimum loan term is seven years and the maximum term is 10 years.
It's not available with an offset home loan or a revolving home loan.
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Switching your home loan
If you’re switching your home loan to Kiwibank and need additional lending to buy an eligible sustainable energy system, part of your loan will count as the sustainable energy loan and our contributions will be added to that.
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Topping up your home loan
If you already have a Kiwibank Home Loan, you may be able to top it up to pay for an eligible sustainable energy system. We’ll waive the home loan top-up fee.
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Building a new home
If you’re building a new house that has a sustainable energy system included in the cost of the property, part of your loan will count as the sustainable energy loan and our contributions will be added to that.
Get a sustainable energy loan
We have home loan specialists to help you through the process of getting a sustainable energy loan.
Talk to a specialist
Our home loan specialists can walk you through the process of applying for a sustainable energy loan and discuss what your options are.
Find a specialistGet a top-up
If you have an existing Kiwibank home loan, you might be able to pay for your sustainable energy system by topping up your home loan.
Learn more about top-upsHome loan standard terms and conditions
Displayed interest rates are subject to change. Kiwibank’s lending criteria, terms and conditions, and fees apply.
The system purchased with your Kiwibank Sustainable Energy Loan must be commercially available to the general public, supplied and installed by a member of the Sustainable Electricity Association of New Zealand, and have at least a 10 year manufacturer’s warranty.