Plenti helps accelerate green financing with up to $60 million of discounted green loans through HEUF

Plenti Group Limited (Plenti) has been selected by the Clean Energy Finance Corporation (CEFC) as the inaugural financier for its first investment under its $1 billion Household Energy Upgrades Fund (HEUF), a landmark Federal Government program to help drive down the cost of clean energy technologies, improve household sustainability and cost of energy, and reduce emissions for eligible customers. 

Plenti will receive up to $60 million in finance, which will help us support consumers seeking to lower their power bills and reduce their household carbon footprint by offering lower-cost finance. 

“Plenti is delighted to have been selected by the CEFC as the inaugural financier under the HEUF program. We have significant experience at running important government funding programs to help Australian households de-carbonise, and I am confident that we can play our part in ensuring this program successfully helps Australian households decarbonise.”

Daniel Foggo, CEO of Plenti

Household Energy Upgrades Fund

The Federal Government announced the $1 billion HEUF, a landmark program to help consumers access cheaper home energy solutions and affordable finance, in the 2023-24 budget. 

Following extensive industry consultation since the HEUF commenced in December 2023, Plenti has been chosen by the CEFC as the inaugural financier for its $1 billion Household Energy Upgrades Fund, enabling us to offer discounted rates off our standard green loans to Australian households.

“Our first investment from the $1 billion HEUF has the potential to have a significant impact on consumer behaviour, providing choice of technologies and discounted finance and encouraging homeowners to invest to improve their home energy performance.”

Ian Learmonth CEO of CEFC

Australian consumers will be able to access, via Plenti’s extensive network of accredited partners and installer firms, benefits including: 

• Up to 2.24% p.a.* rate discount on green loans for the purchase of an eligible solar battery system
• Up to 2.74% p.a.* rate discount on green loans for the purchase of one or more energy-efficient equipment (with or without a solar battery system)
• An additional 0.60% p.a.* rate discount on green loans if the customer signs up to a Virtual Power Plant (VPP), via Plenti’s point-of-sale platform, GreenConnect and; 
• Access to loan terms of up to 15 years, 5 years longer than is typically available, to better align the repayment period with the life of the equipment purchased and to make loan repayments more affordable. 

Learmonth added: “Increasing the uptake of renewable energy, storage and related infrastructure is critical to Australia’s net zero ambitions and clean energy transition. The installation of more rooftop solar PV, home batteries and energy efficiency equipment will help unlock additional capacity, better manage energy demand and ultimately contribute to a stronger, more reliable grid.”

Ian Learmonth CEO of CEFC

Plenti’s HEUF discounted green loans launched today via Plenti’s 650+ nationally accredited supplier network, providing customers with low-cost green finance. 

Learn more about our HEUF discounted green loans here or speak to a member of our Renewables Finance team for more information.

*Eligibility criteria apply. Contact a member of our team for more details.