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Ireland: EIB and Avant Money unlock EUR 75 million of green financing for Irish homeowners

Christian Fernsby |
The European Investment Bank (EIB) and Avant Money will support EUR 75 million of new green investment by homeowners across Ireland.

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The new initiative will help to cut domestic energy bills and reduce carbon emissions as well as contribute to delivering Ireland’s National Climate Action Plan.

The EIB backing for Avant Money’s consumer green financing initiatives was highlighted during a recent visit to in Dublin by EIB President Werner Hoyer and Vice President Christian Kettel Thomsen.

The funding will support the energy rehabilitation of residential homes across Ireland, to include energy efficiency measures and small scale renewable energy installations, all of which are expected to bring positive environmental impacts as well as extend the useful life of buildings.

The new consumer financing will be managed by Avant Money and initially provided to residential homeowners through the An Post Green Hub which provides personal loans and expert advice to support eligible home energy improvement projects.

Ireland is the first country in Europe to benefit from homeowner financing backed by the Private Finance for Energy Efficiency initiative, a joint scheme backed by the European Investment Bank and European Union.

This finance is being partly funded by the European Investment Bank’s Private Finance for Energy Efficiency (PF4EE) scheme and Avant Money is the first consumer lender in Europe to bring PF4EE funding to this segment of the market.

In 2020, the European Investment Bank Group provided EUR 1 billion for new private and public investment in Ireland.

The finance is available exclusively to private residential homeowners, supporting an extensive range of energy efficiency and renewable energy investments, such as insulation upgrades, replacing windows and doors, installing heat pumps, combi boilers and solar panels.

Customers can apply for a loan, carry out a free home assessment and find out more about going green at www.anpost.com/greenhub.


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