The country’s biggest bank is offering cheap loans for customers looking to reduce their carbon footprint.
ANZ is offering home loans of up to $80,000 for a maximum of three years at a special interest rate of 1 percent.
The money can be used for the likes of installing solar panels and double glazing or to buy electric vehicles.
ANZ managing director for personal banking Ben Kelleher said customers could save money in the long term by making the changes.
“Transitioning to more efficient energy methods whether that’s insulating your house, or ventilation, or heat pumps, should hopefully lower your energy bills.”
“Similarly with cars, moving to a hybrid or an electric car, over time should reduce your fuel costs.
“Whatever the motivation: saving money on your utility bills, future proofing your home, collecting rain water to last you through summer, being more energy efficient or reducing carbon emissions, this loan removes some of the cost barrier for people wanting to make a change.”
The ANZ Good Energy Home Loan can also be used for purchasing hybrid vehicles and EV chargers.
Kelleher said a survey by the bank showed 80 percent of its customers wanted to make the transition to greener energy types.
The latest EY Mobility Consumer Index survey shows half of New Zealanders are looking to buy a hybrid or EV in the future.