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

By Cameron Thomson · · 2 min read
Fact Checked
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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 20 May 2024

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    Unloan Variable

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    5.99% p.a. variable
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    Unloan Variable

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    6.29% p.a. variable
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  • Fixed Rate

    Owner Occupier, Principal & Interest, <80% LVR

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    6.54% p.a.
    fixed 2 years
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    Enjoy up to $3000 cashback for eligible first home buyers and $2000 cashback for refinancers on eligible home loans with the ANZ Fixed Rate Home Loan. Get the security of repayment certainty with a competitive locked in rate. No ongoing fees to pay. Offset account on 1-year fixed loans ($10/month fee applies). Interest-only payments allowed.

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  • Elevate

    Owner Occupier, Principal & Interest, <80% LVR

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    Get competitive rates on loan terms of 5 to 30 years with the Aussie Elevate Home Loan. Structure your loan with up to five splits. Make additional repayments (T&Cs apply). Offset accounts available. Unlimited redraw using your online banking account. Choose from weekly, fortnightly or monthly payments For loan amounts from $10,000 to $5 million.

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  • Offset Home Loan

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

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    6.14% p.a. variable
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    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.

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    Owner Occupier, Principal & Interest, LVR 60-70%

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    Initial monthly repayment
    6.24% p.a. variable
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* 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.

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