Loan packages from Bray CU
BRAY Credit Union has introduced a loan package for energy saving home improvements.
Under ProEnergy Homes, borrowers would receive up to 35 per cent in an SEAI grant (Sustainable Energy Authority of Ireland), and a loan at 7t 7.1 per cent APR on the balance.
The scheme includes a project manager to support applicants, a heavily subsidised home survey and report, access to the SEAI grant funding and low cost finance.
Homes which have already benefited from SEAI grants cannot avail of the grant for the same works, but may qualify for different works.
Works may include attic insulation, cavity wall insulation, new windows or solar panels.
The home must have been built prior to 2006.
A minimum of two qualifying works must be completed by September 2019.
A full list of works is available at proenergyhomes.ie.
As programme coordinators, REIL are responsible for the procurement and completion of all works.
Paddy Sweeney, Managing Director of REIL said that this initiative we have taken all the ‘leg-work’ away from the homeowner.
All they need to do is fill out an application form, after which REIL will conduct an assessment on their property and present them with a report.
They can then decide whether or not they would like to proceed.
No money changes hands until all improvements have been made.