Home Energy Upgrade Loan Scheme

Looking to improve the Building Energy Rating (BER) of your home with a lower cost loan? The Home Energy Upgrade Loan Scheme, alongside a Sustainable Energy Authority of Ireland (SEAI) grant, could be the answer.

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What is the Home Energy Upgrade Loan Scheme?

The Home Energy Upgrade Loan Scheme has been established by Strategic Banking Corporation of Ireland (SBCI)* to make energy efficiency upgrades more accessible and affordable for eligible homeowners.

The scheme offers a low rate green loan of 3% APR1 to people who are making energy efficiency and renewable energy upgrades to their homes and also receiving a grant from the Sustainable Energy Authority of Ireland (SEAI)*. The scheme aims to help homeowners make their homes warmer, cheaper to run, and help lower emissions.

The scheme is established and offered by the SBCI and benefits from a guarantee that has been provided by the European Investment Fund (EIF) and European Investment Bank (EIB), and is supported by the Department of Environment, Climate and Communications (DECC). It is open up to 31 December 2026 or until the scheme has been fully subscribed (whichever is earlier).


Key features:

  • Unsecured variable rate loan of 3% APR1
  • Borrow between €5,000 – €75,000 per property
  • Loan terms from 1 to 10 years
  • Flexible repayment options – clear your loan early and pay less interest
  • Option to defer first 3 months’ repayments2
  • No need to save with us to borrow from us


Bear in mind:

The loan scheme must be used for upgrading the energy efficiency and decarbonisation of your home. It cannot be used for fossil fuel heating systems.

A comprehensive list of eligible solutions can be found on the SEAI website*, but energy efficiency and decarbonisation solutions can include:

  • Attic, wall, and floor insulation
  • Windows and door upgrades
  • Heat pump installation
  • Heat control upgrades
  • Solar photovoltaic (PV) panels (when installed as part of a deep retrofit)

Works must be undertaken by an SEAI registered One Stop Shop Provider, Energy Partner or Community Project Coordinator. You must provide a copy of your Home Energy Summary Report as part of the application. This will be provided to you by your SEAI service provider after they have assessed your house.

The property being upgraded must be in the Republic of Ireland.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire- purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.
Warning: The cost of your monthly repayments may increase.
*Bank of Ireland is not responsible for the information on third party websites.




1 APR stands for Annual Percentage Rate.
Lending criteria, terms and conditions apply. Over 18s only and not suitable for students. Only available to customers upgrading the energy efficiency of their home. Customers must be in receipt of an eligible SEAI grant and works must be undertaken by an SEAI registered One Stop Shop provider, SEAI Energy Partner or SEAI Community Project Coordinator. A copy of the Home Energy Summary Report will be required. The repayments on a Home Energy Upgrade Loan of €20,000 over 5 years with 60 monthly instalments are €358.87 per month at 2.95% variable (Annual Percentage Rate of Charge (APRC) 3.0%). The total cost of credit is €1,532.20.
Variable rates are correct as at 25 June 2024 and are subject to change.
2 By deferring your repayments at the start of your agreement you will pay more interest over the loan term than if you started to make repayments from the outset.

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