For over 50 years Ballina Credit Union has been making a major contribution to the social and economic well-being of an area that stretches across north Mayo and West Sligo.
Now the credit union is looking to the future by helping homeowners to fund energy efficiency improvements.
The scoping, funding and implementation of a major home energy efficiency project is a complex undertaking but now a daunting task has been made much easier through this new credit union initiative.
In partnership with Energia and House2Home, Ballina Credit Union is delighted to announce the launch of CU Greener Homes, a one-stop-solution for all your home energy efficiency improvements. Loans of up to €65,000 are available, repayable over ten years, and from as low as 4.79% (4.90% APR).
This new scheme from Ballina Credit Union will provide local contractors with an opportunity to generate income by inviting them to carry out the approved work.
Whether you are considering a new boiler, solar panels, attic insulation, a deep retrofit or other works, CU Greener Homes is there to help you.
Ballina has generated a lot of positive publicity this year as a result of a campaign to become Ireland's Greenest Town by 2025, and key figures behind this drive have welcomed the Ballina Credit Union initiative.
Kevin Loftus, who is a member of the campaign group, said: “It is very exciting to see that the CU Greener Homes Scheme will contribute to our objectives, while making homes warmer, healthier and more sustainable.”
Mark Duffy, who is another representative of the Greenest Town organisation, said: “A key pillar in our ambition to become Ireland’s Greenest Town is to make Ballina energy independent.”
The key benefits of the CU Greener Homes Scheme include keen loan rates, access to grants of up to 40% and project management, with all building works carried out as part of the scheme, usually using a network of community-based contractors.
Perhaps one of the greatest benefits is that the works are charged net of the grant, which means that you do not have to complete any grant paperwork or wait for a grant rebate - this is all done for you through the scheme.
A dedicated project manager will be on hand to help you with all aspects of the project, from start to finish.
The Sustainable Energy Authority of Ireland (SEAI) provide grants of up to 35%, depending on the type of energy efficiency improvements carried out and the age of the home. In addition, as part of this initiative, Energia will provide additional support of up to 5%. Terms, conditions and eligibility criteria apply.