Suncorp introduces green cashback bonus

www.theadviser.com.au
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The non-major bank is offering up to $3,000 to mortgage customers who install solar systems to their homes.
Sam Nichols 5 minute read

The non-major bank is offering up to $3,000 to mortgage customers with solar systems installed on their homes.

Suncorp Bank (Suncorp) has unveiled its new Solar Home Bonus, intended to reward customers transitioning to renewable energy in their homes with a cashback offering.

The initiative includes:

A $3,000 cashback for those signing to a new, eligible Suncorp home loan for a house or town house that features an eligible solar power system already installed (or will have one installed by 31 December)

A $500 cashback for eligible existing customers already with an installed solar power system (or will have one installed by 31 December)

Eligible solar systems include those with a certificate of testing and compliance from a Clean Energy Council accredited installer or by a current solar metering service charge and feed-in tariff from an authorised retail electricity provider.

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Existing customers must have at least $50,000 outstanding on a Suncorp Bank home loan and the security for the loan must be a house or town house.

The bank has stated that proof of solar systems, such as an electricity bill with…
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