Help & support
Customers with an eligible CommBank home loan or investment home loan can use the CommBank Green Loan to buy and install eligible energy-efficient products such as:
at the property secured by their eligible CommBank home loan or investment home loan.
You can use a CommBank Green Loan to buy and install one or more of the eligible energy-efficient products listed below.
Solar panels, battery packs and inverters (if applicable) must be purchased from a New Energy Tech approved seller. The installer must be accredited with Solar Accreditation Australia.
TIP: It’s important to do some research and spend time finding the right solar retailer and/or installer for your project. We suggest contacting the Australian Energy Foundation, a trusted organisation providing independent advice and guidance for customers to help make their home energy-efficient. Be sure to get multiple quotes and compare them before choosing the right one for you. You can also check out approved solar retailers near you.
You can find out more about eligible products in the FAQs.
Check out our range of resources to help you on your journey towards a more sustainable life.
You can apply for the CommBank Green Loan (personal borrower/s only) provided your new or existing CommBank home/investment home loan(s) meets the conditions below:
For more information, download the CommBank Green Loan guide (PDF).
Approved Solar Retailers meet the consumer protection standards set by the New Energy Tech Consumer Code by demonstrating their commitment to responsible sales and marketing activities and solar industry best practice.
Find an Approved Solar Retailers near you.
If a deposit is required up front, you’ll need to pay this from your own savings.
We’ll reimburse (pay) the deposit amount into your nominated Direct Debit account for your CommBank Green Loan once we receive the final signed invoice.
We’re committed to paying the total outstanding amount directly to your Approved Solar Retailer within 14 days of receiving a verified invoice from you (the customer).
No. The STC rebate can be claimed within 12 months of installation. For any questions regarding customer requirements and STC rebates, please visit the Clean Energy Regulator website.
As a New Energy Tech Approved Solar Retailer, they have committed to conduct their business activities in a responsible manner and in accordance with solar industry best practice. This includes the use of approved solar modules and participating brands.
For any concerns or complaints regarding your Approved Solar Retailer, please visit the New Energy Tech website. If you have any concerns regarding your consumer rights, please visit the ACCC website for more information or to lodge a complaint.
No, the minimum loan amount is $5,000. Get in touch with your Home Lending Specialist to discuss your options.
No, $30,000 is the maximum loan amount. If the cost of the eligible energy-efficient products installed is more than $30,000, you must pay the difference from your own savings before we can make a payment to the installer.
So if, for example, the total cost for your project is $35,000 and you’ve been approved for the maximum loan amount of $30,000, you’ll need to pay the difference of $5,000 from your own savings.
Yes, if you have multiple properties and home loans with us, then you may be eligible to apply for more than one CommBank Green Loan.
Your CommBank Green Loan/Investment Green Loan maturity date is the scheduled last day of your fixed term – find out more about maturity dates. At the end of day on your scheduled maturity date, if your Commbank Green Loan/Investment Green Loan is not paid in full it will switch to a Standard Variable Rate Home Loan/Investment Home Loan, and the interest rate will revert to the Standard Variable Rate applicable to your loan and repayment type at the time, less any Wealth Package/MAV discount.
If you wish to upgrade your existing small-scale renewables (by adding a battery pack or more solar panels, for example), you may be eligible for a CommBank Green Loan.
No. The loan balance that we use for eligibility is the outstanding balance you see in NetBank or the CommBank app. The calculation of minimum $150,000 also excludes, loans for bridging purposes, Viridian Line of Credit limits, Equity Unlock for Seniors loan and the new CommBank Green Loan.
In addition to your loan application documents (evidence of your income, expenses, assets and liabilities), there are other documents you’ll need to provide.
^ Comparison rate calculated on a $30,000 secured loan over a 5-year term. WARNING: Comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.
This information has been provided without considering your individual objectives, financial situation or needs. Before making any decisions, you should consider its appropriateness to your circumstances and consider obtaining professional advice.
Applications are subject to credit approval, satisfactory security and minimum requirements. Full terms and conditions will be set out in our loan offer, if an offer is made. Fees and charges are payable. Interest rates are subject to change.
Commonwealth Bank of Australia ABN 48 123 123 124, Australian credit licence 234945.