Apply for a managed home energy upgrade

Our loan can finance the project while REIL will handle the retrofit works and the grant application.

You manage your home energy upgrade

Apply for a low rate loan but manage the project and grant application yourself.

Loan Only
  • Expression of Interest

  • Your Details

  • If Applicable
  • This is located on your electricity bill.
  • Property Details

  • Must be older than 12 years
    Tick all applicable
  • Important information regarding Data Protection and Privacy Notice

    Important information relating to credit review, data protection and privacy is found in the data protection and privacy notice
  • Terms and Conditions

    • Grants are subject to availability
    • To qualify for a 35% grant, a home must generally be upgraded to a B2 energy rating.
    • Eligibility criteria attach to grants. To determine your eligibility, REIL will perform a home survey for a set fee of €99. This will be refunded if your home is not eligible for grants. It will also be refunded against the cost of works if your home is eligible and you choose to proceed with REIL. Your home survey report will detail any terms and conditions attaching to any grants you are eligible for. For certain works additional surveys may be required at additional cost. REIL will advise of all options available to you before you incur any cost.
    • There is no obligation to use REIL to access a reduced rate loan for home energy upgrade works.
    • For all loans; lending criteria, underwriting and terms and conditions apply.
    • This is a variable rate loan. This rate applies to new loans only.

Loans are at a low variable rate of just 6.95% (7.12% APR*) for loans above €20,000. Standard variable rate for loans below €20,000 is 8.95% (9.33% APR*).

For example €20,000 borrowed over 5 years would have monthly repayments of €395.55. Total cost of credit would be €3,733.14 at an Annual Percentage Rate (APR*) of 7.12%. €10,000 borrowed over 5 years would have monthly repayments of €207.34. Total cost of credit would be €2,440.46 at an APR* of 9.33% All information and rates quoted correct at 01.12.2020

*APR stands for Annual Percentage Rate.

When providing credit under this scheme, participating credit unions are regulated by the Central Bank of Ireland.

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit in the future.

Warning: The cost of your monthly repayment may increase.