AURORA Energy has provided No Interest Loans (NILS) with an additional $ 150,000 to fund the energy saving loan and low-income Tasmanian subsidy program ahead of winter.
The program finances 50 percent of the cost of purchasing new energy-efficient heat pumps (at least 2.5 stars) up to a maximum purchase price of USD 3,000. New washing machines, refrigerators and freezers (at least 3-star energy efficiency class) will also be deducted from the purchase price with a grant of 300 US dollars.
In the past 18 months alone, the program has not granted any interest loans to Tasmanians to purchase 478 refrigerators, 431 washing machines, 216 heat pumps and 66 freezers.
John Hooper, CEO of NILS, said purchasing the products, which end up costing much less than retail prices, would be out of reach for most low-income Tasmanians without the local support.
“This program enables financially vulnerable Tasmanians to save energy and get a much-needed energy efficient device. From talking to customers, we know they are incredibly grateful for the sponsorship program and the support of those who make it possible, like Aurora, ”said Hooper.
“Every dollar of subsidy Aurora provided has saved every family $ 5 if they turned to rental-to-purchase companies as an alternative.”
The increase brings Aurora Energy’s commitment to fund nearly $ 2.5 million for the program since first partnering with NILS in 2015.
Kane Ingham, Aurora’s chief operating officer, said the additional funding would give concession customers more opportunities to improve their energy efficiency and electricity bill affordability, which is even more important in the cooler months.
“We have long been a supporter of NILS because we know that inefficient energy use is a major driver of high energy costs,” said Ingham.
Aurora customers who need help managing their energy bills can call the YES team on 1300 10 2010 (Mon-Fri, 8 am-6pm).
Aurora also offers a range of different payment options and assistance for others in need, including a $ 5 million customer support fund specifically aimed to help individual and small business customers affected by COVID-19.
/ Public release. This material is from the original organization and may be of a temporal nature and may be edited for clarity, style and length. View in full here.