ANZ’s Good Energy Home Loan lets you borrow up to $80,000 at just 1% interest for 3 years to finance solar panels, batteries, and other sustainable home upgrades.
As a SEANZ-approved installer, Sunshine Solar can provide the documentation you need to qualify.
💡 Key Benefit
Borrow up to $80,000 at 1% p.a. with flexibility to choose your rate after the initial 3-year term.
What Is the ANZ Good Energy Home Loan?
The ANZ Good Energy Home Loan is a top-up loan designed to make sustainable home improvements more affordable. It offers a reduced interest rate for eligible upgrades including solar panels, batteries, heat pumps, and electric vehicles.
ANZ launched the Good Energy programme in 2022 to help Kiwis reduce their energy costs and environmental impact.
How Much Can You Borrow?
$80,000
Maximum Loan
1%
Interest Rate
3 years
Fixed Term
- Maximum loan: $80,000 per customer
- Interest rate: 1% p.a. fixed for 3 years
- After 3 years: Choose from special, standard, or floating rates
What Can You Use the Loan For?
Solar & Energy
- Solar photovoltaic (PV) systems
- Solar batteries (lithium-ion or lead-acid)
- Inverters and related technology
- Grid connectivity costs
- Installation and labour
Home Efficiency
- Heat pumps
- Hot water heat pumps
- Insulation
- Double glazing
- Ventilation systems
- Rainwater tanks
Electric Transport
- Electric vehicles (new or used)
- Plug-in hybrids
- E-bikes
- EV charging infrastructure
Who Is Eligible for the ANZ Good Energy Loan?
To qualify, you must:
- Have an ANZ home loan (or be willing to transfer your mortgage)
- Have at least 20% equity in your property
- Use a SEANZ-approved installer for solar panels and batteries
- Provide a quote and confirmed installation date
Note: The loan is not available for businesses or new builds until the new build lending is fully drawn.
Sunshine Solar Is SEANZ Approved
We’re an eligible installer for ANZ Good Energy applications and will provide all required documentation.
What Happens After 3 Years?
Unlike other banks, ANZ gives you flexibility after the initial term. You can choose to move your loan to:
- Special rate: ANZ’s discounted fixed rates
- Standard rate: ANZ’s standard fixed rates
- Floating rate: Variable rate that moves with the market
This flexibility is an advantage — you’re not locked into a specific rate at signup. However, it also means your future rate isn’t guaranteed.
Tip: Monitor interest rates as you approach the end of year 3, and speak with ANZ about your options before the term ends.
How Does ANZ Compare to Other Banks?
| Bank | Max Loan | Rate | Term | Rate After |
|---|---|---|---|---|
| ANZ | $80,000 | 1% | 3 years | Flexible choice |
| BNZ | $80,000 | 1% | 3 years | ~8.69% floating |
| Westpac | $50,000 | 0% | 5 years | 5% |
| Kiwibank | No limit | ~8.5% | Flexible | Same |
ANZ vs BNZ: Nearly identical terms, but ANZ offers more flexibility in choosing your post-term rate. BNZ’s floating rate is clearer upfront.
ANZ vs Westpac: ANZ offers $30,000 more borrowing capacity, but Westpac has 0% interest for 5 years. If your system costs under $50k, Westpac is the better deal.
See our full comparison of NZ solar loans for more details.
How to Apply for the ANZ Good Energy Loan
- Get a solar quote from a SEANZ-approved installer like Sunshine Solar
- Confirm your installation date with your installer
- Contact ANZ or visit your local branch
- Submit your quote and installation date
- Complete the loan application
- ANZ draws down the loan once installation is confirmed
Frequently Asked Questions
Can I use the ANZ Good Energy Loan for batteries?
Yes. The loan covers solar batteries (lithium-ion or lead-acid), inverters, and all related installation costs.
Do I need to be an existing ANZ customer?
You need to have your home loan with ANZ. If you’re with another bank, you can transfer your mortgage to ANZ to access the Good Energy loan.
When does ANZ release the funds?
ANZ will draw down the loan once you provide a quote and confirmed installation date from an eligible SEANZ installer.
What’s the difference between ANZ and BNZ?
Both offer $80,000 at 1% for 3 years. The main difference is what happens after: ANZ gives you flexibility to choose your rate, while BNZ defaults to their floating rate.
Is Sunshine Solar an eligible installer?
Yes. Sunshine Solar is a SEANZ member and approved installer for all major bank green loan programmes.
Ready to Apply?
Get Your Free Solar Quote
We’ll provide everything you need for your ANZ Good Energy application.
Have questions? Contact our team — we’ve helped thousands of Kiwis finance their solar installations.
