Help & support
Thinking about installing an energy-efficient product such as solar panels or buying an electric or hybrid car?
This guide will help you understand your options and how to access discounts for your next energy-efficient purchase, as well as important information to consider before applying.
If you’re an existing CommBank customer looking to buy and install solar panels or batteries, you may be eligible for InstalPay, currently available at Wattle Powr.
Find out more on how to apply for InstalPay or to request a quote from Wattle Powr
Approved Solar Retailers have been approved by New Energy Tech Consumer Code as demonstrating their commitment to responsible sales and marketing activities and solar industry best practice.1
$120,000 is the maximum we’ll lend (subject to loan type and purpose). If you need more, you’ll need to pay the difference from your own savings.
Yes. If you have an existing Personal Loan and would like to apply for the energy-efficient discount, you’ll need to apply for a new Personal Loan. Loan increase and refinance applications aren’t eligible for the energy-efficient discount.
Yes – talk to a CommBank Personal Loan specialist for more information and help in deciding which loan type might be most suitable.
You can’t use a CommBank Personal Loan to recoup costs for products already installed. However, it is available if you wish to upgrade your existing products or are looking to purchase other products on the list of eligible energy-efficient products.
For example, if you have existing energy-efficient products and wish to upgrade them by adding more solar panels or a new battery pack, then you may be eligible for a CommBank Personal Loan.
It’s your responsibility to ensure that you’re satisfied with the quality of your eligible energy-efficient products. If you detect substandard workmanship or materials, or have any disputes with your retailer and/or installer, you should speak with them as soon as possible. Depending on the severity of the matter, you may also need to inform your solicitor.
Please note:
Don’t attempt any work yourself. Any work must be completed by an approved retailer and/or installer, certified and trained to ensure systems meet industry best practice standards and all relevant Australian Standards.
When trying to decide on the right product, consider:
Talk to a CommBank Personal Loan specialist for more information and help.
You may be eligible for the Green Home Offer. Enjoy a discount on a Standard Variable Rate for Owner Occupied or Investment Home Loans with either Principal & Interest repayments or Interest Only payments for eligible customers on a Wealth Package
For more information, terms, conditions and eligibility visit our Green Home Offer page.
If you have any questions or would like more information:
* Comparison rates are calculated based on an unsecured loan of $30,000 and a secured loan of $30,000, over a term of 5 years. WARNING: Comparison rate is true only for examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
~ Additional repayments made on fixed rate and secured personal loans are not available to be redrawn. An early repayment adjustment is charged if fixed rate and secured personal loan is fully repaid with 12 or more months remaining on loan term, and we reasonably estimate we will incur a loss or administrative cost.
This guide doesn’t consider your individual objectives, financial situation or needs. Before basing any decisions on this information please:
The Commonwealth Bank is not authorised and does not make any assertions about reduced consumption from non-renewable energy sources through energy-efficient product installations. Advice and further information should be sought from relevant certified industry professionals.
Loan applications are subject to credit approval and any loan offer includes full terms and conditions. Fees and charges apply. All examples and scenarios are illustrative only.
This guide is subject to change without notice. Information and interest rates are current as at 5 November 2024 and are subject to change.
1 New Energy Tech Consumer Code, accessed 29 May 2024
Commonwealth Bank of Australia ABN 48 123 123 124, AFSL & Australian credit licence number 234945.
