NSW Energy Saver Loan: interest-free finance on your new hot water.
- $2,000 to $15,000
- 0% interest, no fees
- Up to 10 years to repay
- Heat pumps are eligible
Accredited installer for the NSW Home Energy Saver LoanWhat the NSW Home Energy Saver Loan actually is
The NSW Government has put $480 million behind interest-free loans so households can replace old, expensive appliances with efficient ones. A hot water heat pump is one of the upgrades it covers — and hot water is usually the biggest single slice of a home’s energy bill.
You borrow, you don’t pay interest
Between $2,000 and $15,000 at 0% interest, over a term of up to ten years. No establishment fee, no account-keeping fee, no early-repayment penalty. You repay exactly what you borrowed — nothing more.
Brighte is the lender, not us
The loan is funded by the NSW Government and delivered by Brighte, a licensed credit provider. You apply to Brighte, they assess it, and if approved they pay us directly once the job is done. We never touch your money.
It stacks with the rebate
This is the part most people miss. The government rebate comes off the price first — then you can finance whatever is left. You are not choosing between the rebate and the loan; you can use both.
You need an accredited installer
The programme only funds work done by an installer holding NETCC accreditation — the New Energy Tech Consumer Code. SKICO Plumbing is accredited, so your job qualifies.
What the repayments actually look like
At 0% interest the maths is simply the amount divided by the number of months. No compounding, no hidden cost. Here it is laid out.
| Amount financed | Over 3 years | Over 5 years | Over 10 years |
|---|---|---|---|
| $2,000 | $56/mo | $33/mo | $17/mo |
| $4,000 | $111/mo | $67/mo | $33/mo |
| $6,000 | $167/mo | $100/mo | $50/mo |
| $10,000 | $278/mo | $167/mo | $83/mo |
| $15,000 | $417/mo | $250/mo | $125/mo |
Illustration only, based on 0% interest and no fees. Your actual amount, term and repayment are set by Brighte on approval. These figures are not a quote and not financial advice.
Want to know what your job would cost?
We’ll give you a fixed price, take the rebate off it, and show you the balance and the monthly repayment — before you apply for anything.
How the rebate and the loan work together
The order matters, and it works in your favour.
We quote the job
Supply, install, removal of the old unit, disposal and certification — one fixed price.
The rebate comes off
The government incentive is deducted from that price before you pay anything. You never pay it and claim it back.
You finance the balance
Whatever is left, you can put on the interest-free loan — if the balance is at least $2,000.
Brighte pays us
Once the job is signed off, Brighte pays us directly. You just make the monthly repayments.
Worth knowing: the loan has a $2,000 minimum. On a straightforward electric-to-heat-pump swap the rebate can bring the balance below that, in which case there is nothing to finance — which is a good problem to have. We will tell you honestly which side of that line your job falls on before you apply.
Do you qualify for the NSW Home Energy Saver Loan?
Brighte makes the final call, but here is the criteria as it stands.
You’ll likely qualify if
- Your household’s combined taxable income is $210,000 or less
- You own the property — owner-occupier or landlord
- The property is in New South Wales
- You’re an Australian citizen or permanent resident
- You meet Brighte’s credit assessment
It won’t cover
- Properties used as social housing
- Properties used for short-stay accommodation
- Work under $2,000 after the rebate
- Work by an installer without NETCC accreditation
What it can pay for
- Hot water heat pump
- Rooftop solar and home batteries
- Reverse-cycle air conditioning
- Induction cooktops
- Insulation and draught-proofing
- EV chargers, switchboard upgrades
Why hot water is the upgrade to spend it on
If you only use the loan for one thing, hot water is usually the one that pays you back fastest.
It’s the biggest slice
Hot water is typically the single largest energy use in an Australian home — ahead of heating, cooling and cooking.
A quarter of the electricity
A heat pump moves heat from the air rather than generating it, so it uses roughly a quarter of what a standard electric tank does.
It runs every day
Unlike air conditioning, hot water is used all year round. The saving doesn’t wait for summer.
The rebate is biggest here
Electric-to-heat-pump changeovers attract the largest hot water incentive, so less is left to finance in the first place.
NSW Home Energy Saver Loan — your questions answered
Is a hot water heat pump eligible for the NSW Home Energy Saver Loan?
How much can I borrow, and what does it cost me?
Can I use the loan and the government rebate together?
What is the income limit?
Can landlords use it, or only owner-occupiers?
I’m renting — can I get it?
Who actually lends the money?
What is NETCC accreditation and why does it matter?
How long does approval take?
Can I pay it off early?
What if my job comes to less than $2,000 after the rebate?
Do you handle the paperwork?
Programme details above are current as at September 2026 and are set by the NSW Government and Brighte, not by us — they can change. Nothing on this page is financial advice or an offer of credit. Check your own eligibility at energy.nsw.gov.au and brighte.com.au.
Interest-free hot water upgrades across Sydney
We install rebate-eligible, finance-eligible hot water heat pumps across the greater Sydney metro area — for homes, strata buildings and commercial sites. Start with our heat pump hot water Sydney page to see the systems the loan can cover.
If you’re searching for the NSW Home Energy Saver Loan, interest-free hot water finance, 0% finance on a heat pump or a Brighte accredited installer in Sydney, that’s us. We quote the job at a fixed price, take the government rebate off the top, and give you the documentation you need to finance the rest at zero interest.
Covering the Eastern Suburbs, Inner West, North Shore, Northern Beaches, Sutherland Shire, St George, Canterbury-Bankstown, Parramatta, Ryde, the Hills District, Blacktown, Liverpool and Sydney CBD. Brands include Reclaim, iStore, Rinnai, Apricus, Panasonic and Rheem — or see every hot water system we install.
The NSW Home Energy Saver Loan is funded by the NSW Government and delivered by Brighte. SKICO Plumbing is an accredited installer — Brighte is the credit provider, not us.
Find out what you’d actually pay
Tell us what you’ve got now and we’ll come back with a fixed price, the rebate you qualify for, and the balance you could finance at 0% — so you can see the monthly figure before you commit to anything.
