Low-cost loans for energy schemes on offer

HOMEOWNERS in the Bath and North East Somerset Council area looking to reduce the cost of heating their properties and cut carbon emissions may be eligible for finance to help spread the cost of home energy improvements through a council-backed loan.

B&NES has partnered with Lendology, a social enterprise lender, to offer the energy loans. The partnership has been in place since 2005 and has lent more than £800,000 to homeowners across the authority.

Owner occupiers and landlords can apply for a loan of between £500-£15,000, with a repayment term of between six months and 15 years. The interest rate (4.2% APR) is fixed throughout the term of the loan.

Homeowners who qualify can use the money to help spread the costs of installing energy-saving improvements such as solar PV, low carbon heating or insulation.

In the period April 2022 to March this year, £50,861 of energy loans were approved for B&NES residents.

For details, visit: https://www.energyathome.org.uk/grants-and-support or: https://www.lendology.org.uk