Can energy efficiency increase your home value? 7 in 10 Aussies think so

Renewable and energy-efficient homes have a number of benefits for owners, chief among them being lower bills. Plus, if you’ve got an electric car, there may be times when you’re charging for free. So, with all that being said, you might wonder if these savings can lead to a higher home valuation. 

Well, according to a new survey prepared by Commbank, 71 per cent of Australians believe this may be the case. It’s no wonder too, With a cost of living crisis, high-interest rates, and inflation all biting away at budgets, you’d be hard-pressed to find anyone who doesn’t want lower electricity bills.

What energy-efficient products are Aussies looking at?

Commbank’s research found that the top energy-efficient features that Aussies said were important were solar panels, increased insulation, and high-efficiency water fixtures. Homeowners also considered solar hot water systems, double-glazed windows, heat pump hot water systems, and battery packs. 

But these energy efficiency upgrades aren’t just talk, with 8 in 10 of those surveyed planning to install clean/green energy products and almost a quarter planning on doing so within the next 12 months.

CommBank’s Michael Baumann, notes that “Energy efficient features are moving from a nice to have to an essential for many Australians, with the research results showing that 75 per cent of Australians believe energy efficient features are a must-have in their homes.”

How can your home be more energy-efficient?

The survey also found that 9 in 10 Aussies weren’t aware if low-interest or discounted loans were offered by their bank for energy efficiency upgrades. Currently, numerous providers offer green personal loans and green home loans that you can choose from. 

Plus, both state and federal governments offer numerous home efficiency upgrade rebates such as solar panels, so it might be a good idea to look out for those.

If you’re a new borrower or refinancer, and your home qualifies for a green home loan, then it might be worth checking it out. Green home loans can come with a lower interest rate and, considering current interest rate levels, helping the planet and your wallet doesn’t sound like a bad deal at all!

Looking to refinance your home loan? Check out our home loans hub or some of the providers below… 

Home loan comparisons on Mozo - last updated 2 March 2024

Search promoted home loans below or do a full Mozo database search. Advertiser disclosure
  • Offset Home Loan

    Package, Owner Occupier, LVR<60%, Principal & Interest

    interest rate
    comparison rate
    Initial monthly repayment
    6.15% p.a. variable
    6.40% p.a.

    Ability to open up to 10 offset accounts per loan account. Fast online application. Linked Debit Mastercard® with fee-free access at ATMs across Australia. Package a credit card with your home loan and the annual card fee will be waived (T&Cs apply). 40% deposit required.

    Compare
    Details
  • Neat Home Loan

    Owner Occupier, Principal & Interest, LVR <60%

    interest rate
    comparison rate
    Initial monthly repayment
    6.09% p.a. variable
    6.11% p.a.

    Competitively-priced variable rate loan. Ideal for owner occupiers and investors. No service fees to pay. Make free extra repayments and redraws. Flexible repayment schedule available.

    Compare
    Details
  • Straight Up

    Obliterate, Owner Occupier, Principal & Interest, <50% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    6.24% p.a. variable
    6.24% p.a.

    Get a low variable rate depending on your deposit with Athena’s Straight Up Variable Home Loan. AcceleRATES feature helps you to reduce your home loan even faster (T&Cs apply). Zero fees to pay. Free redraw facility. Handy mobile app to manage your home loan.

    Compare
    Details
  • Flex Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR <60%

    interest rate
    comparison rate
    Initial monthly repayment
    6.64% p.a.
    fixed 3 years
    6.52% p.a.

    Competitive Fixed rate. Multiple offset accounts available. Borrowers can also make extra repayments. Redraw facility available. Simple online application process. 40% deposit required.

    Compare
    Details
  • Straight Up

    Obliterate, Investor, Principal & Interest, <50% LVR

    interest rate
    comparison rate
    Initial monthly repayment
    6.34% p.a. variable
    6.34% p.a.

    Investors get a low variable rate depending on your deposit with Athena’s Straight Up Investor Variable Home Loan. AcceleRATES feature helps you to reduce your home loan even faster (T&Cs apply). Zero fees to pay. Free redraw facility. Handy mobile app to manage your home loan.

    Compare
    Details
  • Basic Home Loan

    Fixed, Owner Occupier, Principal & Interest, LVR<70%

    interest rate
    comparison rate
    Initial monthly repayment
    5.99% p.a.
    fixed 3 years
    6.13% p.a.

    No upfront or ongoing fees. Free extra repayments and redraw facility. Option to earn Qantas points. Min 30% deposit required. Borrow up to $750,000.

    Compare
    Details

* WARNING: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates. Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan. The comparison rate displayed is for a secured loan with monthly principal and interest repayments for $150,000 over 25 years.

** Initial monthly repayment figures are estimates only, based on the advertised rate. You can change the loan amount and term in the input boxes at the top of this table. Rates, fees and charges and therefore the total cost of the loan may vary depending on your loan amount, loan term, and credit history. Actual repayments will depend on your individual circumstances and interest rate changes.

Mozo provides general product information. We don't consider your personal objectives, financial situation or needs and we aren't recommending any specific product to you. You should make your own decision after reading the PDS or offer documentation, or seeking independent advice.

While we pride ourselves on covering a wide range of products, we don't cover every product in the market. If you decide to apply for a product through our website, you will be dealing directly with the provider of that product and not with Mozo.