Whether you’re looking to make your home warmer, increase your Building Energy Rating (BER), reduce your energy bills or contribute to a greener environment - we have a lower rate loan option that could suit you.
We’ve partnered with the Strategic Banking Corporation of Ireland (SBCI) to bring you the SBCI Home Energy Upgrade Loan Scheme.
Loans issued under the scheme are covered by a guarantee underwritten by the European Investment Fund (EIF). In the event that a customer defaults on the loan up to 80% of the value can be recovered by PTSB. A guarantee fee is incorporated into the overall interest rate collected by PTSB.
Take some time to review all the information below to ensure you have all the necessary details before starting your application with us.
This scheme is open to new and existing PTSB customers undertaking home energy upgrades using a Sustainable Energy Authority of Ireland (SEAI) registered One Stop Shop, Energy Partner, or Community Project Co-ordinator.
The first step to confirm your eligibility, is to confirm that your home and improvement plans fit the eligibility criteria. The loan is for private homeowners in Ireland (including rental properties). Mixed-Use Property, Short-Term Lettings and Holiday Homes do not qualify.
The loan must be used for the purposes of upgrading the energy efficiency and de-carbonisation of the home, this means:
If you think you meet the above criteria then the next step is to engage with an SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator and have a home energy assessment completed before applying for the loan.
Applications that do not meet the SBCI Eligibility criteria will be identified prior to submission and will not proceed.
Your chosen SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator will visit your home and perform a detailed assessment*. During the home assessment your upgrade options along with grant details and costs will be determined and documented in a one page Home Energy Summary Report.
Qualifying works include: Insulation (cavity, internal walls, external walls and attics), heating controls, heat pumps and solar thermal panels.
Solar photovoltaic (PV) installations are not eligible as an individual measure but are eligible when installed as part of a deep retrofit by a SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator.
*Please note that there is a cost associated with having an assessment of your property. These costs still apply whether the loan is approved or declined. The one page Home Energy Summary Report is not a guarantee of credit approval and does not oblige the bank to provide finance. Approval of loans is subject to PTSB’s own credit criteria, policies and procedures. Information on arranging a Home Energy Assessment and the costs involved can be found here.
The scheme benefits from a government funded interest rate subsidy of 2% which has been applied by PTSB and allows for a lower overall interest rate to be charged than other unsecured loan products.
The SBCI Home Energy Upgrade Loan Scheme offers a lower rate option for upgrading the energy efficiency of your home. The rate of your loan depends on the amount you borrow, an example of a monthly repayment is illustrated below and our full range of rates are here.
Monthly repayments (€458.72) are based on a 5-year variable interest rate of 3.85%* (APR 3.90%). Total cost of credit is €2,523.20, total amount payable over a 5 year period is €27,523.20. This example is for illustration purposes only.
Step 1: Select one of the SEAI registered One Stop Shops; Energy Partners or Community Project Co-ordinators to carry out an assessment of your residential property.
Step 2: Complete the assessment through your chosen SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator and you will receive a one-page Home Energy Summary Report.
Step 3: Apply online, in branch or call us on 081 883 7412 & 01-212-4027
Please note: all new PTSB customers will need to have their identification and address verified in branch.
You will need to provide personal details along with supporting documents to complete the application, so please have this ready when starting the application.
The Home Energy Upgrade Loan Scheme is established and offered by the Strategic Banking Corporation of Ireland (SBCI) and benefits from a guarantee provided by the European Investment Fund (EIF) and the European Investment Bank (EIB), with support from the Department of the Environment, Climate and Communications (DECC).
Lending and eligibility criteria, terms and conditions apply. Over 18s only. Permanent TSB plc trading as PTSB is regulated by the Central Bank 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.
