Water Heating 31 July 2024

Financing Your Home Heating Upgrades with Green Home Loans

If you’re seeking financial support for energy-efficient heating, there are many green loan programs available—but it can be tricky to determine what’s available and if you’re eligible.

This guide outlines the available loan options and the application process, helping you install a top-quality Rinnai Heat Pump or Hot Water Heat Pump for a warmer home and reliable hot water supply.

NZ Green Energy Loans For Heat Pumps and Hot Water Heat Pumps

ANZ Good Energy Home Loan

ANZ offers the Good Energy Home Loan, providing up to $80,000 at a 1% p.a. fixed rate for three years. This loan is eligible for energy-efficient upgrades like heat pumps or water heating systems.

Learn more about ANZ Good Energy Home Loan.

BNZ Green Home Loan

BNZ’s Green Home Loan also offers up to $80,000 at a 1% p.a. fixed rate for three years. It is specifically designed to finance heat pumps or water heating systems.

Learn more about BNZ Green Home Loan.

ASB Better Homes Top-up Loan

ASB provides the Better Homes top-up loan, offering up to $80,000 at a 1% fixed interest rate for a 3-year period. If you can’t pay it off in 3 years, ASB’s variable interest rate applies. To qualify, you must have a home loan with ASB or be willing to switch to them. This loan covers heat pumps and other energy-efficient products.

Learn more about ASB Better Homes top-up loan.

Westpac Warm Up Loan

Westpac’s Warm Up Loan offers up to $50,000 interest-free for five years. It is suitable for heat pumps and other home energy improvements.

Learn more about Westpac Warm Up Loan.

Why Choose Rinnai With Your Green Energy Loan

Energy Efficient home heating and water heating upgrade for your home

Rinnai heat pumps and hot water heat pumps are designed for maximum energy efficiency, helping you reduce your carbon footprint and save on energy bills.

• Packed with innovative features including Wi-Fi connectivity, self-cleaning function and sleep mode, the Rinnai Pro Series High Wall Heat Pump is the ultimate Heat Pump to provide complete comfort. This smart system can also work around your unique lifestyle with an ultra-practical timer function, allowing you to set the unit's operation times to achieve the perfect room temperature.
  
  
  
  In addition, the Rinnai Pro Series Triple-Health Filter not only improves the heating efficiency by accelerating the defrosting process in super-cold conditions, but it also reduces pollutants and uses nanotechnology to effectively prevent bacteria growth by releasing antimicrobial silver ions.

Explore Rinnai Pro Series High Wall Heat Pump Range

• Rinnai HydraHeat® Hot Water Heat Pump: Using the efficiency of heat pump technology, HydraHeat® will heat a home’s water while saving you up to 75% on your water heating costs*. The result is a far more cost-effective and more sustainable solution for the homes of tomorrow. Designed and built right here in New Zealand for Kiwi conditions, HydraHeat® is easy to install for any home. With a focus on sustainability, the HydraHeat® Hot Water Heat Pump is powered by only 150g of high-efficiency R290 refrigerant with low Global Warming Potential and COP of 4.7.**
  
  

Discover more about the Rinnai HydraHeat® Hot Water Heat Pump.

* Compared with a standard hot water cylinder in Zone 5 (Auckland). Annual energy performance estimated according to AS/NZS4234:2008 and AS/NZS5125:2014, medium load size.
 ** Inlet water temperature 19°C, Outlet Water temperature 55°C, Dry Bulb Temperature 19°C. Accredited Testing to AS/NZS 5125 Pending by NATA accredited Provider.

• The Rinnai Enviroflo™ Hot Water Heat Pump is an entry-level water heating solution utilising an innovative heat exchange system to heat water by drawing on the heat from the surrounding air. With its advanced controller, enjoy maximum hot water availability while cutting energy usage by up to 70%* compared to standard electric storage tanks.
  
  

Discover the Rinnai Enviroflo Hot Water Heat Pump

* Compared with a standard hot water cylinder in Zone 5 (Auckland). Annual energy performance estimated according to AS/NZS4234:2008 and AS/NZS5125:2014, medium load size.

Superior Performance for home heating and water heating

Rinnai products are known for their superior performance, ensuring your home stays comfortable throughout the year.

• Rinnai Pro Series Ducted Heat Pump Systems; Designed and Built for New Zealand Conditions: There’s no weather in the world quite like what we experience in New Zealand. This means when you design a Heat Pump System, you need one that can stand up to whatever Mother Nature throws at it.
  
  
  With that in mind, the Rinnai Pro Series is designed especially for New Zealand. Through product design, durable build materials, and organic coatings, we have developed the Pro Series to better resist our harsh coastal environments where salt can have a devastating effect on lesser-designed products.
  
  Particular thought has gone into our outdoor unit which includes stainless steel bolts, a clever case design to maximise water runoff, and a hermetically sealed electrical box, which all contribute to the increased overall durability of the series

Learn more about Rinnai Pro Series Ducted Heat Pump Systems

• Pro-Pel Coil Protection
  
  The Rinnai Pro Series indoor and outdoor coils are coated with our unique, non-toxic Pro-Pel Coil Protection making them more resistant to oxidation and corrosion. This 100% environmentally friendly coating delivers greater longevity and sustained performance in coastal areas and other harsh environments.
  
  Additionally, the hydrophilic properties of Pro-Pel Coil Protection effectively reduce bacteria growth and improve the low-temperature heating efficiency of the Pro Series by accelerating the defrosting process.
  
  
• Rinnai Pro Series Multi Split Systems offer 3 different indoor unit types (Wall Mounted, Slim Ducted and Compact Cassette) that can be used in a multitude of combinations. After selecting up to 5 indoor unit types, these are then paired with an outdoor unit (4 units to choose from) with capacities ranging from 7.1kW up to 13.0kW. With a variety of unit types and capacities available, Rinnai has a system configuration to suit virtually any requirement.
  
  

Find out about Rinnai Pro Series Multi-Split Heat Pumps.

Smart Technology

Rinnai’s heat pumps and hot water heat pumps are equipped with advanced smart technology, ensuring they are both user-friendly and highly efficient. Tailored for New Zealand’s ever-changing climate, these systems deliver superior heating, cooling, and water heating throughout the year.

Rinnai heat pumps and hot water heat pumps come loaded with innovative features such as Wi-Fi connectivity, self-cleaning functions, sleep modes, Triple-Health Filters, demand control, refrigerants with low global warming potential, frost protection, and eco-operation modes. These features collectively provide unmatched smart technology, enhancing ease of use and maximising energy efficiency.

Read our heat pump guide and hot water heat pump article to learn more about our range of home heating and water heating solutions.

Long-lasting and Reliable

Rinnai products are built to last, providing reliable heating solutions for many years. Rinnai are your experts in total home living; whether it's hot water systems, ducted heating or gas and electric fires, Rinnai have a reputation for providing Kiwi families with the solutions they need for a healthy, comfortable, and sustainable way of living.

No matter the weather, Rinnai has a Heat Pump solution for every Kiwi home.

Upgrade Your Home Heating and Water Heating with Green Loans

Financing your home heating upgrades with a green loan is a smart choice for both your wallet and the environment. With options from major NZ banks and top-quality Rinnai heat pumps and Hot Water Heat Pumps, you can achieve a more energy-efficient and comfortable home. Start your journey with Rinnai today.

FAQs

Which banks do the green loans?

ANZ, BNZ, ASB, and Westpac offer green loans specifically for energy-efficient home upgrades.

What can you use a green loan for?

Green loans can be used for various energy-efficient home improvements, including heat pumps and hot water heat pumps.

What are the criteria for green lending?

Criteria typically include having a home loan with the respective bank, the type of energy-efficient upgrade, and the loan amount. Specific requirements can vary by bank.

By choosing Rinnai and leveraging green home loans, you can invest in a sustainable and efficient home heating system that offers long-term benefits.