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SBCI HEULS Loan Application

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Whether you’re looking to make your home warmer, increase your Building Energy Rating (BER), reduce your energy bills or contribute to a greener environment - we have a lower rate loan option that could suit you.

We’ve partnered with the Strategic Banking Corporation of Ireland (SBCI) to bring you the SBCI Home Energy Upgrade Loan Scheme.

Loans issued under the scheme are covered by a guarantee underwritten by the European Investment Fund (EIF). In the event that a customer defaults on the loan up to 80% of the value can be recovered by PTSB. A guarantee fee is incorporated into the overall interest rate collected by PTSB.

Am I eligible for the SBCI Home Energy Upgrade Loan Scheme?

This scheme is open to new and existing PTSB customers undertaking home energy upgrades using a Sustainable Energy Authority of Ireland (SEAI) registered One Stop Shop, Energy Partner, or Community Project Co-ordinator.

The first step to confirm your eligibility, is to confirm that your home and improvement plans fit the eligibility criteria. The loan is for private homeowners in Ireland (including rental properties). Mixed-Use Property, Short-Term Lettings and Holiday Homes do not qualify.

Loan Purposes

The loan must be used for the purposes of upgrading the energy efficiency and de-carbonisation of the home, this means:

  • At least 75% of the loan needs to be used on eligible items including fabric upgrades (e.g. insulation) and/or renewable energy solutions (e.g. heat pumps).
  • A maximum of 25% of the loan can be used for ancillary expenses excluding any form of fossil fuel boilers.
  • The upgrades need to result in at least a 20% improvement in your home’s energy efficiency, your SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator will assess this for you. 
  • Loans are available for amounts from €5,000 up to a maximum of €75,000 per property for terms from 1 year to a maximum of 10 years.
  • Customers can apply for SBCI Home Energy Upgrade loans in respect of up to a maximum of three Relevant Properties.

If you think you meet the above criteria then the next step is to engage with an SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator and have a home energy assessment completed before applying for the loan.

Applications that do not meet the SBCI Eligibility criteria will be identified prior to submission and will not proceed.

Qualifying Works

Your chosen SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator will visit your home and perform a detailed assessment*. During the home assessment your upgrade options along with grant details and costs will be determined and documented in a one page Home Energy Summary Report.

Qualifying works include: Insulation (cavity, internal walls, external walls and attics), heating controls, heat pumps and solar thermal panels.

Solar photovoltaic (PV) installations are not eligible as an individual measure but are eligible when installed as part of a deep retrofit by a SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator.

*Please note that there is a cost associated with having an assessment of your property. These costs still apply whether the loan is approved or declined. The one page Home Energy Summary Report is not a guarantee of credit approval and does not oblige the bank to provide finance. Approval of loans is subject to PTSB’s own credit criteria, policies and procedures. Information on arranging a Home Energy Assessment and the costs involved can be found here.


The scheme benefits from a government funded interest rate subsidy of 2% which has been applied by PTSB and allows for a lower overall interest rate to be charged than other unsecured loan products.

The SBCI Home Energy Upgrade Loan Scheme offers a lower rate option for upgrading the energy efficiency of your home. The rate of your loan depends on the amount you borrow, an example of a monthly repayment is illustrated below and our full range of rates are here.

Monthly repayments (€458.72) are based on a 5-year variable interest rate of 3.85%* (APR 3.90%). Total cost of credit is €2,523.20, total amount payable over a 5 year period is €27,523.20. This example is for illustration purposes only. 

How to apply

Step 1: Select one of the SEAI registered One Stop Shops; Energy Partners or Community Project Co-ordinators to carry out an assessment of your residential property.

Step 2: Complete the assessment through your chosen SEAI registered One Stop Shop, Energy Partner, or Community Project Co-ordinator and you will receive a one-page Home Energy Summary Report.

Step 3: Apply online, or call us on 081 883 7412 & 01-212-4027

Please note: all new PTSB customers will need to have their identification and address verified in branch.

You will need to provide personal details along with supporting documents to complete the application, so please have this ready when starting the application. 

Apply Now

Additional Important Information

  • The Home Energy Upgrade Loan Scheme is established and offered by the Strategic Banking Corporation of Ireland (SBCI) and benefits from a guarantee provided by the European Investment Fund (EIF) and the European Investment Bank (EIB), with support from the Department of the Environment, Climate and Communications (DECC).
  • Applications seeking to refinance existing term loan debt are not permitted.
  • Application data will be shared with the SBCI, EIF, EIB, DECC and SEAI on completed loans and on a periodic basis thereafter. It may also be provided on an ad hoc basis under certain circumstances. The SBCI (as controller) and the NTMA (as processor) may process personal data in accordance with applicable data protection legislation and for the purposes set out in the SBCI Data Protection Statement which is available here.
  • Loans will be available up to the 31 December 2026 or until the scheme has been fully subscribed (whichever is earlier). PTSB funding allowed under the scheme is for a total of €100m. When this fund is exhausted the loans will no longer be offered.
  • Loans granted under the SBCI HEUL scheme are subject to ongoing eligibility criteria. These criteria will be monitored by the SBCI using SEAI data from the loan issue date until completion of the proposed works to the property.
  • In the event the borrower does not respond to communications and/or no evidence of compliance with the scheme criteria are available to SBCI, the loan will be excluded 36 months from the date of the loan agreement.
  • Excluded loans will cease to benefit from the guarantee fee and interest rate subsidy benefits attaching to the scheme. The loan will be treated by PTSB as in breach of the Terms and Conditions.
  • In the event that a Facility becomes or is deemed ineligible at any stage, PTSB will demand full and immediate repayment of any outstanding balance from excluded borrowers and may, at its sole discretion, amend or vary the interest rate applicable.
  • For example if funds are not used for the intended purpose and/or works are not followed through to completion PTSB may demand repayment of the loan in full. In certain circumstances PTSB may also (subject to assessment) seek to move any outstanding balance to an appropriate alternative rate i.e. the Home Improvement Loan.  

Warning: If you do not meet the repayments on your loan, your account will go into arrears. This may affect your credit rating, which may limit your ability to access credit, a hire-purchase agreement, a consumer-hire agreement or a BNPL agreement in the future.

Apply Online

To apply for the SBCI Home Energy Upgrade Loan Scheme follow the link below

More information

We have more information and have answered questions you may have about the SBCI Home Energy Upgrade Loan Scheme

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