Environmentally-friendly home improvements can earn you a discount on a new loan announced today.
Permanent TSB will cut the normal lending rate for personal loans by one percent if the money is used to make green upgrades to homes.
Projects like extra insulation, doubleglazing, solar energy systems, 'green' boilers and heaters, heat pumps, wind turbines and greenhouses would all qualify, according to Permanent TSB's head of marketing Niall O'Grady.
The bank has set aside an initial €10 million for the scheme and would expand it if it proves popular.
This new scheme marks one of the first commercial programmes targeting green housing development. Government schemes like the Republic of Ireland's Greener Homes Scheme and Northern Ireland's Warmer Homes Scheme help homeowners make green improvements as well.
Tips and resources for 'greening' your home can be found at Ireland's sustainability cooperative Cultivate.
