Green Lending

Supporting Sustainable Solutions

We understand going green can be expensive.

 

Don’t worry – green lenders may be able to help.

 

If you’re looking to make your home more energy-efficient and environmentally friendly, green lender options may be able to help.

What is green lending?

 

Green lending is designed to support the uptake in environmentally-friendly solutions by making sustainable products more accessible to more people.

There are some companies in Guernsey who provide discounted loans specifically for green initiatives. This is great news as it helps lower Guernsey’s carbon emissions, and helps you invest in sustainable technologies – without a high upfront cost.

Looking for a green lender? Visit our directory

How does green lending work?

Green lending works much like traditional loans but with a focus on ‘green’ upgrades. Here’s a simple breakdown:

    • Identify your needs: Decide on which green solution(s) you want to install in your home
    • Find a green lender: Use our directory to find the right provider that offers green lending options tailored to your needs
    • Apply for a loan: Submit your application to the lender
    • Get approved: If approved, you’ll receive the funds to purchase and install your chosen solution
    • Repay over time: Repay the loan through manageable payments*
*Please note this process may vary and will be subject to your chosen green lender’s terms and conditions.

How can green lending help?

  • Financial support: Access the funds you need to make sustainable upgrades without immediately paying the often high upfront cost.
  • Energy savings: Invest in lower carbon, energy-efficient solutions that can help you save money and significantly reduce carbon emissions in Guernsey.

 

Are these solutions really better for the environment?

We’ve categorised them into ‘Green’ and ‘Super Green’ to help explain

Green vs Super Green Solutions

What are ‘green’ solutions?

These are solutions that provide or facilitate alternatives to 100% fossil-fuel products, but are not necessarily the ‘greenest’ option on the market.

For example:

Electric heating produces around 70% less in carbon emissions than gas and oil heating, but they demand power from the grid in real-time. This means fossil-fuels such as heavy fuel oil are used at the power station to top-up the power needed to run a boiler during ‘peak’ periods such as between 5pm and 7pm.

Electric vehicle charging may also take place during these ‘peak’ times; however, their lifecycle emissions are still around 65% less than internal combustion engine (petrol and diesel) vehicles.

To be Super Green, EV’s should be charged between 11pm and 5am in Guernsey, which reduces emissions by over 70% when compared to petrol vehicles.

Independent advice was sought from UK Carbon Emissions Specialists, WSP, in identifying the figures used in this website. http://www.electricity.gg/verification

What are ‘super green’ solutions?

These are solutions with technology that produce even less carbon emissions than their counterparts and will have a more positive impact on Net Zero targets.

For example:

Air Source Heat Pumps produces around 56% less in carbon emissions than an electric boiler

Off-Peak Storage Heating can produce over 85% less carbon emissions than an electric boiler.

Property insulation can significantly reduce heat loss, and it’s this heat loss that you pay for. Insulation means less resources are needed to replace heat lost through the fabric of the property such as walls, roof and windows, making this a Super Green solution.

Carbon figures (2023)

Independent advice was sought from UK Carbon Emissions Specialists, WSP, in identifying the figures used in this website. http://www.electricity.gg/verification

Find a green lender

If you’re looking to make your home more energy-efficient and environmentally friendly, visit our green lenders directory.

Green lender directory