The Energy Efficiency Loan Scheme is a business loan scheme to help Irish businesses reduce their carbon footprint through cheap and easy to access finance.
The Strategic Banking Corporation of Ireland (SBCI) run this scheme in Ireland. They launched the €150m Energy Efficiency Loan Scheme in July 2022, and are in charge of assessing business' eligibility, too.
The loans are guaranteed by the EU (via COSME and the European Fund for Strategic Investment). This allows both the easier access and reduced interested rates.
The loans will be provided to businesses by the high street banks in Ireland. Only Bank of Ireland has opened it's offering for applications (as of time of writing - August 2022). Other banks are expected to follow suit shortly
Read about Bank of Ireland's Energy Efficiency Loan Scheme here
Alternative finance providers are also offering finance through the Energy Efficiency Loan Scheme. You can get quotes and more info via Alternative Business Fianance Brokers, who will handle collecting all the different options and rates for you. There's more information on their Energy Efficiency Loan Scheme page here .
Loans may only be used for the purposes of upgrading the energy efficiency of the enterprise, though there are restrictions on what assets can be financed.
The list of what is allowed is very large - there are almost 31,000 product types allowed to be financed
To be eligible for inclusion, the asset to be financed must be listed on the SEAI Triple E Register for Products.
Just one of particular note - the purchase of Electric Vehicles (EVs) is not included in the Energy Efficiency Loan Scheme for businesses, (even though EVs are listed on the SEAI Triple E Register).
SMEs who satisfy the following criteria can apply:
The first step is to apply to the SBCI (Strategic Banking Corporation of Ireland). They assess your eligibility, and, assuming you pass, will give you your eligibility reference number.
You can find the application forms on their website here:
Your eligibility reference number will remain valid for 6 months.
Next you take this eligibility reference number to the lender, i.e. high street bank / alternative lender.
Currently only Bank of Ireland have opened their lending scheme for applications, and you can find more information about Bank of Ireland's Energy Efficiency Loan Scheme here , or AlternativeFinance.ie's Energy Efficiency Loan Scheme page here
Yes. The scheme will close on 31st December 2023, or when the full pot has been used (currently €150m), whichever comes first.
Our visit to a bridge made using repurposed wind turbine blades in County Cork.
The best return-on-investment ways to reduce your carbon footprint.
How to charge your electric car using energy from your own solar panels.
Ireland's path to a greener future: embracing circular living for lasting sustainability.
We ranked Ireland's best and worst counties for solar power output.
How to build your own solar panels to heat a hot tub or paddling pool at home.
Everything you need to know about electric car chargers, pros and cons.
How to make money by selling your excess solar electricity back to the grid.
The definitive guide to solar grants [2025]. What you get, how to apply, and more.
A very geeky history of solar panels and their usage in Ireland
What are solar immersion diverters, and are they right for your home?
Not all homes are right for solar. Here's how to know if yours is one of them.
Using real data to highlight Ireland's progress toward a sustainable future.
Solar PV components explained. The must-haves and the added extras.
Ireland aims to shift to a global leader in the solar generation movement.
We want to help Ireland go green. Here's how we've done in 2023 and 2024.
The ultimate guide to PV solar panels (the ones that generate electricity).
Costs and results: a one-man mission to slash the carbon footprint at home.
In-depth: the optimal angle and orientation of your roof for solar panels.
The ultimate solar battery savings calculator. Will a PV battery save you money?
Our step-by-step guide to completing your SEAI solar PV grant application [2025].
How to save big money using smart meter plans, solar panels and solar batteries.
The 2025 calculator: find out how many solar panels are right for your house.
Q&A: what are solar inverters, what do they do and why do you need one?
Solar installations 101. A no-nonsense guide to solar jargon and terminology.
What you need to know about how solar panels are fixed to your roof.
What solar panels cost & what you'll save, both in Euros and CO2 footprint
Pros and cons of storage batteries, what they cost, case studies and more.
All about the VAT rate on domestic solar panel supply and installation (0%).
At look at the options available in Ireland for disposing of your food waste at home.
Get a quote to see what going solar could save you. It's quick, easy, and free.
We use cookies to enhance your experience on our website. By continuing to browse, you agree to our use of cookies. Learn more...
We are an independent Irish solar panel company in Ireland with bases in Dublin and Galway. Whether you're looking to save money or save the planet, we're here to help you make the switch. No nonsense, no jargon. We provide honest clear information so that you can make the right decisions for you and your family.
© Copyright 2024 PureVolt Solar. All Rights Reserved.