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Retrofit Loan Comparison
Compare financing options for the part of your retrofit not covered by SEAI grants.
Rates last verified June 2026
Auto-calculated: cost minus grant. Edit if needed.
You could save €1,055
with the Home Energy Upgrade Loan Scheme versus a standard loan over 5 years
Home Energy Upgrade Loan Scheme
Government-backed, from 3.0% APR
APR
3%
Credit Union Green Loan
Typical discounted green rate
APR
6.5%
Standard Home Improvement Loan
Typical bank rate
APR
7.5%
Scheme loan rates by lender
Borrow €5,000 to €75,000 over 1 to 10 years. Up to 3 properties per homeowner (max €225,000 total).
Credit union green loan rates vary by credit union — some offer year-end interest rebates. Check creditunion.ie for your local rate.
Who might NOT qualify for the scheme loan?
The Home Energy Upgrade Loan Scheme is the cheapest option but has strict conditions. You may need a credit union or standard loan instead if:
- •You are installing solar panels only — solar alone is not eligible, it must be part of a deeper retrofit
- •Your works will not improve your BER rating by at least 20%
- •Your contractor is not an SEAI registered One Stop Shop provider, Energy Partner, or Community Project Coordinator — install-only contractors do not qualify
- •You want to spend more than 25% of the loan on non-energy works like redecorating
The scheme requires SEAI grant approval and a Home Energy Summary Report.
Rates last verified June 2026 — always check current rates directly with lenders before applying, as rates change.
The Home Energy Upgrade Loan Scheme is open until 31 December 2026 or until funds are used. Each homeowner can borrow for up to 3 properties to a maximum of €225,000.
RetrofitReady does not provide financial advice.