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At The Lough Credit Union we want to make it easy for our members to achieve their green project goals. Grants are available through SEAI for energy saving and renewable solutions.
Energy efficiency grants are available for:
- Insulation
- Heat Pump System
- Heating Control
- Solar Water Heating
- Solar Electricity
A green loan could also be used to purchase an E-Bike.
If you’re planning to upgrade your home, making it warmer and more energy efficient with the support of SEAI grants and would like a loan to cover the additional costs we have a Green Loan to suit your needs.
How does it work?
Domestic Grants
Step 1
Complete the Enquiry Form
Step 2
An Energy-Hub representative
will contact you to talk you
through all the options available to you
Step 3
If your CU is part of EnergyUnion, they can provide you with a
simple EnergyUnion Loan
(Subject to repayment
capacity).
Step 4
Work Commences and
Payments made directly to
contractor
Community Grants
Step 1
If your CU is part of EnergyUnion, they will facilitate an event for interested businesses and home owners
Step 2
Energy-Hub will project manage the grants application with all interested home owners. Energy Hub will source approved SEAI contractor for works.
Step 3
We provide you a an Energy Union Loan for the works carried out.
Energy Union Green Loan Example
At The Lough Credit Union we have a Energy Union Green Loan available at an excellent variable interest rate of 6.9% p.a. (7.22% APR). For a €10,000, 8-year variable interest rate loan with 417 weekly repayments of €31.62, the total amount payable by the member is €13,153.92. The total cost of credit is €3,153.92.
*For security and peace of mind we offer free Loan Protection Insurance. Not a member? If you’re not a member you can sign up and apply today. **All loans are based on the ability to repay, not on your savings.
Representative example as at 13/07/2020