Green Home Loans in Victoria (VIC) - Discounted Rates for Sustainable Homes
Compare green home loan rates available in Victoria. Stack green rate discounts of 0.20-0.50% with VEU program benefits and the federal battery rebate - maximise your total savings.
Rates updated 2 November 2026
Estimated monthly savings $0
Estimated annual savings $0
Based on a typical 6.06% p.a. vs the lowest green rate of 5.74% p.a. over 30 years. Actual savings depend on your loan and home's eligibility.
100% free. No impact on your credit score.
Where Victoria green home loan rates sit today
Up from 4.35% - 29 Sept 2026
5.77% comparison rate
On a 0.40% green discount
On Melbourne’s ~$935K median home, a 0.40% green discount produces illustrative annual savings of about $2,990 on an 80% LVR loan. Green discounts usually apply for a fixed period (often 3-5 years) before reverting to the standard rate. Stack with Victorian Energy Upgrades (VEU) discounts for further savings on heat pumps and insulation. Actual savings depend on your loan size, rate and lender assessment.
Green Home Loans in Victoria at a Glance
VIC green at a glance · 2026
0.40%
Avg green discount
Range 0.20-0.50%
~$3,000
Melbourne annual savings
At 0.40% on median loan
8+
Green lenders
All available in VIC
$3,500
Max federal STCs
Off a 6.6kW solar system
VIC programs
Victorian Energy Upgrades (VEU) certificates for energy-efficient appliances and insulation, federal STCs ($2,500-$3,500) for solar, and the federal battery rebate. The $8,800 Solar Homes interest-free loan was scrapped in 2024.
Key VIC features
Cool winters reward insulation and reverse-cycle heating upgrades. Melbourne's lower-than-Sydney median price means smaller dollar savings per year, but VEU certificates can offset much of an upgrade's upfront cost.
Sources: Consumer Data Right (CDR), CEFC, Victorian Department of Energy, Environment and Climate Action, Clean Energy Regulator. Data as of 11 September 2026.
What Are the Best Green Home Loan Rates in Victoria?
As of November 2026, the lowest green home loan rate available to Victorian borrowers starts from 5.74% p.a. (5.77% comparison rate*) - a discount of up to 0.40% off standard variable rates. All 8 green loan products are available nationally, giving Victorian borrowers the full range of options.
| Lender | Product | Green Rate | Standard Rate | Discount | Comparison Rate | Eligibility | Features | Compare |
|---|---|---|---|---|---|---|---|---|
| RACQ Bank | Green Home Loan | 2.79% | 3.19% | −0.40% | 2.79% | 7+ stars | Digital banking, NPP | |
| RACQ Bank | Green Home Loan Investment | 2.79% | 3.19% | −0.40% | 2.79% | 7+ stars | Digital banking, NPP | |
| Westpac | Sustainable Upgrades Investment Loan | 4.74% | 5.14% | −0.40% | 4.74% | 7+ stars | ||
| Westpac | Sustainable Upgrades Home Loan | 4.74% | 5.14% | −0.40% | 4.74% | 7+ stars | ||
| Unloan verified May 22 | Green Discount | 5.74% | 5.99% | −0.25% | 5.77% | 7+ stars | Redraw, Auto-discount | |
| CommBank verified May 22 | Green Home Loan | 5.79% | 6.19% | −0.40% | 5.82% | 7+ stars | Offset, Redraw | |
| Athena verified May 22 | Green Rate | 5.84% | 6.04% | −0.20% | 5.86% | 7+ stars | Redraw, No fees | |
| Bendigo Bank verified May 22 | Green Home Loan | 5.94% | 6.24% | −0.30% | 5.97% | 7+ stars | Offset, Branch | |
| NAB verified May 22 | Green Home Loan | 6.04% | 6.24% | −0.20% | 6.16% | 7+ stars | Offset, Branch | |
| Bank Australia | Clean Energy Home Loan | 6.13% | 6.53% | −0.40% | 6.46% | 7+ stars | Digital banking, Offset, Redraw | |
| Bank Australia | Clean Energy Investment Loan | 6.29% | 6.69% | −0.40% | 6.59% | 7+ stars | Digital banking, Offset, Redraw | |
| Bank Australia | Basic Home Loan | 6.38% | 6.78% | −0.40% | 6.38% | 7+ stars | Digital banking, Redraw | |
| Bank Australia | Offset Home Loan | 6.38% | 6.78% | −0.40% | 6.57% | 7+ stars | Digital banking, Offset, Redraw | |
| Great Southern Bank | Basic Variable OO P&I | 8.25% | 8.65% | −0.40% | 6.35% | 7+ stars | Redraw, Digital banking | |
| Great Southern Bank | Offset Variable OO P&I | 8.45% | 8.85% | −0.40% | 6.55% | 7+ stars | Redraw, Offset, Digital banking | |
| Great Southern Bank | Basic Variable Investment P&I | 8.68% | 9.08% | −0.40% | 6.55% | 7+ stars | Redraw, Digital banking | |
| Great Southern Bank | Offset Variable Investment P&I | 8.88% | 9.28% | −0.40% | 6.76% | 7+ stars | Redraw, Offset, Digital banking |
Green Home Loan
3.19%
−0.40%
2.79%
Green Home Loan Investment
3.19%
−0.40%
2.79%
Sustainable Upgrades Investment Loan
5.14%
−0.40%
4.74%
Sustainable Upgrades Home Loan
5.14%
−0.40%
4.74%
Green Discount
5.99%
−0.25%
5.77%
Green Home Loan
6.19%
−0.40%
5.82%
Green Rate
6.04%
−0.20%
5.86%
Green Home Loan
6.24%
−0.30%
5.97%
Green Home Loan
6.24%
−0.20%
6.16%
Clean Energy Home Loan
6.53%
−0.40%
6.46%
Clean Energy Investment Loan
6.69%
−0.40%
6.59%
Basic Home Loan
6.78%
−0.40%
6.38%
Offset Home Loan
6.78%
−0.40%
6.57%
Basic Variable OO P&I
8.65%
−0.40%
6.35%
Offset Variable OO P&I
8.85%
−0.40%
6.55%
Basic Variable Investment P&I
9.08%
−0.40%
6.55%
Offset Variable Investment P&I
9.28%
−0.40%
6.76%
Rates based on $600,000 owner-occupier P&I loan, 80% LVR. NatHERS 7+ star eligibility. Rates are indicative and subject to change. "Lowest" = the lowest rate on our live CDR feed at the time of viewing, across the lenders we display, excluding products restricted to particular professions, first home buyers or government schemes. Each lender's eligibility criteria still apply and the lowest rate may not be available to you. "Curated" = a rate we maintain manually from the lender's published pricing (used where the lender does not publish it via CDR) and verify against the lender's website. Rates update daily and not all lenders are included, so other products may be lower. Source: Consumer Data Right (CDR), lender websites, CEFC. Last updated: 2 November 2026. Warning: This 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.
Green savings example: On a $600,000 VIC loan over 30 years, a 0.40% green discount - saving roughly $150/month, on top of bill savings from running an efficient home.
Save up to $2,303/year* with a green home loan
Compare your current rate against the lowest green home loan rate on our live Consumer Data Right feed - 5.74% p.a. for eligible energy-efficient homes.
- Discounted rates for energy-efficient homes
- We refer your enquiry to our accredited broker partner
- 60 second enquiry, no credit check
*Illustrative only. Based on a $650,000 loan over 30 years moving from 6.20% (RBA average rate on outstanding owner-occupier variable loans, August 2026) to 5.74%. Annual difference in principal and interest repayments (paid monthly), before fees and switching costs - not a projection over the loan term. Green rate discounts usually apply for a fixed period (often 3-5 years) and then revert to the lender's standard rate - check the discount term with the lender. Green home loans require lender-specific eligibility (e.g. NatHERS rating, energy efficiency benchmarks, or qualifying upgrades). Actual savings depend on your loan details and lender assessment.
Indicative Savings with a Green Home Loan in Victoria
Calculate your savings from a green loan rate discount plus estimated energy bill reductions.
Green Loan Rate Savings
Total Cost Comparison
We compare Australia's green home loan lenders
(every green loan product, one place)
+ many more Reward your VIC efficient home with a better rate.
Green home loans reward energy-efficient VIC builds and renovations with rate discounts of up to 1% p.a. Compare green home-loan products from leading Australian lenders.
Eligible Green Upgrades in Victoria
Energy upgrades that qualify for green loan eligibility and Victorian incentives.
Solar PV Panels
Victoria receives moderate solar irradiance, with Melbourne averaging 3.8 peak sun hours per day. A 6.6kW system costs $5,000-$7,500 after STCs and generates 20-25kWh/day. Payback period in Victoria: 4-6 years.
- 6.6kW system (VIC)
- $5,000-$7,500
- Annual savings
- $1,000-$1,800
- Payback
- 4-6 years
Battery Storage
The federal battery rebate helps reduce costs for Victorian households. VPP participation can generate $300-$1,000/year. The former $8,800 interest-free loan was scrapped, but batteries remain a strong investment. Qualifies for green loan eligibility.
- 10kWh battery (VIC)
- $10,000-$14,000
- VPP earnings/year
- $300-$1,000
- Payback
- 7-10 years
EV Chargers
Level 2 home EV charger installation in Victoria costs $1,500-$5,000. Victoria has the highest EV uptake in Australia. Smart chargers integrate with solar for free daytime charging. Accepted by select lenders for green eligibility.
- Level 2 charger (VIC)
- $1,500-$5,000
- Annual fuel savings
- $1,000-$2,000
Insulation & Glazing
Insulation is especially impactful in Victoria's cool climate. Ceiling and wall insulation improves NatHERS ratings significantly. Double glazing reduces heat transfer by 30-50%. VEU certificates available for insulation upgrades in Victoria.
- Ceiling insulation
- $1,500-$3,500
- Double glazing
- $8,000-$20,000
- Payback (insulation)
- 2-4 years
Heat Pump Hot Water
Heat pump hot water systems use 65% less energy than electric storage. VEU certificates are available in Victoria for heat pump installations, significantly reducing upfront costs. Victoria's gas phase-out plans make heat pumps the preferred replacement.
- Heat pump (installed)
- $3,000-$5,000
- Annual savings
- $400-$700
- VEU certificates
- Available
Water Efficiency
Rainwater tanks and water-efficient fixtures contribute to overall home sustainability. Victoria's water restrictions history makes rainwater harvesting particularly practical. While not directly green loan eligible, they complement NatHERS improvements.
- Rainwater tank (5,000L)
- $2,000-$4,000
- Water bill savings
- $200-$500/yr
Victoria Green Incentive Stacking
Combine green loan discounts with Victorian and federal incentives for maximum savings.
Victorian Energy Upgrades (VEU)
The VEU program provides discounts on energy-efficient products through accredited providers. Victorian households can access subsidised heat pumps, insulation, draught sealing, and efficient heating and cooling systems. VEU certificates reduce the upfront cost of qualifying upgrades.
| Type | State government scheme |
| Benefit | Discounted energy upgrades |
| Eligible upgrades | Heat pumps, insulation, draught sealing |
| Typical value | $1,000-$3,000 |
Federal Battery Rebate
The federal battery rebate helps Victorian households reduce the cost of home battery storage. Combined with solar panels, a battery enables load-shifting and potential Virtual Power Plant (VPP) income. The former Victorian $8,800 interest-free loan was scrapped, but this federal incentive remains.
| Type | Federal government rebate |
| Battery rebate | Available to VIC households |
| VPP income potential | $300-$1,000/year |
| Programs | Tesla, AGL, Origin, Amber |
Federal STCs (Solar Rebate)
Small-scale Technology Certificates provide an upfront discount on solar panel installations across Australia, including Victoria. The rebate reduces the cost of a 6.6kW system by $2,500-$3,500. STCs are available until 2030 but decrease each year.
| Type | Federal government rebate |
| Value (6.6kW) | $2,500-$3,500 |
| Available until | 2030 (reducing) |
| Applied | Upfront at purchase |
Incentive Stacking Strategy for Victoria
Melbourne example: $935K home with a green home loan at 0.40% discount, 6.6kW solar with STCs, battery with federal rebate and VPP, and VEU-subsidised insulation upgrades. Total combined annual benefit significantly exceeds a standard loan.
| Green rate saving (annual) | ~$3,000 |
| Solar bill savings (annual) | $1,000-$1,800 |
| VPP income (annual) | $300-$1,000 |
| Upfront STCs + VEU | $3,500-$6,500 |
Victorian stacking strategy: Stack the green loan discount with Solar Victoria rebates, Solar Homes battery loan, federal STCs ($2,500-$3,500 off a 6.6kW system), and lower bills - delivering up to $10,000+ upfront and $3,000-$5,000 in annual savings.
NatHERS Requirements for Green Loans in Victoria
All major green loan lenders require a minimum NatHERS rating of 7 stars. Victoria adopted the NCC 2022 energy provisions in May 2024, meaning new homes built since then should meet this standard automatically. For older homes, alternative eligibility pathways include qualifying solar, battery, or energy efficiency installations.
| Lender | Minimum NatHERS Rating | Alternative Eligibility | Verification Method |
|---|---|---|---|
| CBA | 7 stars | Solar panels (min 3kW) | NatHERS certificate or solar proof |
| Bank Australia | 7 stars | Solar + battery, EPC rating | NatHERS certificate or assessor report |
| Bendigo Bank | 7 stars | Solar panels installed | NatHERS certificate |
| Westpac | 7 stars | Solar, battery, EV charger | NatHERS certificate or installer receipt |
| Unloan | 7 stars | Solar, energy upgrades | Self-declared + evidence |
| NAB | 7 stars | Solar panels, battery | NatHERS certificate or evidence |
| Athena | 7 stars | Solar panels installed | NatHERS certificate or proof |
Solar panels (min 3kW)
NatHERS certificate or solar proof
Solar + battery, EPC rating
NatHERS certificate or assessor report
Solar panels installed
NatHERS certificate
Solar, battery, EV charger
NatHERS certificate or installer receipt
Solar, energy upgrades
Self-declared + evidence
Solar panels, battery
NatHERS certificate or evidence
Solar panels installed
NatHERS certificate or proof
NatHERS requirements as published by each lender. Alternative eligibility pathways may change. Source: Consumer Data Right (CDR), lender websites, NatHERS Administrator. Last updated: 2 November 2026.
Building Green in Victoria
Victoria adopted the NCC 2022 energy efficiency provisions in May 2024, requiring all new residential builds to achieve a minimum 7-star NatHERS rating. This means new homes built in Victoria since mid-2024 automatically qualify for green home loan discounts. Victoria is also phasing out gas connections in new homes, driving all-electric building design.
NCC 2022 in Victoria
- 7-star minimum for new builds
- Whole-of-home energy budget
- Gas connection phase-out in new homes
- All-electric design encouraged
VIC NatHERS climate zones
- Melbourne metro - cool temperate (zone 62)
- Geelong & coast - mild temperate
- Northern VIC - hot dry/cool winters
- Alpine regions - cold climate (zone 66)
Passive design for Victoria
- North-facing living areas for winter solar gain
- High-performance insulation for cold winters
- Draught sealing and airtightness
- Thermal mass for temperature regulation
$90K+
Potential savings over 30 years (Melbourne median)
Based on 0.40% discount on $935K
0.40%
Average green rate discount
Source: Consumer Data Right (CDR)
8+
Lenders with green products in VIC
Source: CEFC Market Report
Frequently Asked Questions
Everything you need to know about green home loans in Victoria.
Green Home Loans in Victoria
Victoria Green Energy & Eligibility
Related Guides & Tools
Green Home Loan Guide
How green home loans and rate discounts work.
Green Home Loans Australia
National green home loan comparison and state incentives guide.
Green Loans VIC
Compare green personal loans available in Victoria.
Home Loans VIC
Compare all home loan rates available in Victoria.
Personal Loans
Compare personal loan rates from leading lenders.
Home Loan Refinance
How to switch and save on your existing home loan.
First Home Buyers VIC
Grants and stamp duty concessions for first home buyers in Victoria.
Compare Green Home Loans by State
Explore green home loan options and state incentives across Australia.
Ready to compare?
Start your enquiry today.
find.deals™ refers your enquiry to our accredited broker partner (an authorised credit representative under an Australian Credit Licence). find.deals™ charges you nothing; the broker provides any credit assistance and will tell you about any fee before you proceed.