Consumers and businesses can reduce their carbon footprint and negative impact on the environment by switching to green energy. However, investing in renewable and efficient energy solutions will require an initial expense, a barrier that can be more easily surmounted if the right financing solution is chosen.
The Chamber of Engineers, in collaboration with Bank of Valletta will be hosting a webinar on 1st July from 17:30 hrs to 18:30 hrs to discuss affordable and accessible financing options for renewable and efficient energy investments. During the webinar, Mark Scicluna Bartoli, Executive Product Management and Development at Bank of Valletta will provide information on the BOV Energy Loans.
The BOV Personal Energy Loan, the BOV Home Energy Loan and the recently launched BOV Business Energy Loan are designed to helping households and businesses reduce their energy costs. The loans can be utilised for products such as energy efficient apertures, ventilation, heating, cooling and lighting systems, insulation solutions, renewable energy and energy storage solutions. The Business Energy Loan provides financing not only for the above energy efficiency solutions but also considers other investments, in line with an energy study, such as electric / hybrid car fleets and water efficiency measures, among others.
“Green investments are being positioned as one of the drivers towards the road to recovery,” stated Mark Scicluna Bartoli. Having successfully bid for the EU’s Energy Efficiency and Renewable Energy financing instrument, Bank of Valletta is providing easier access to finance for green investments in line with the European Green deal objectives. “Through the facilitation of financing schemes and the successful implementation of various risk-sharing instruments, we are equipping the Maltese community to move towards a greener future.”
All three energy loans benefit from a guarantee offered by the European Union and the Government of Malta permitting the Bank to provide an attractive interest rate and collateral terms. Over and above, the loans benefit from a 2% interest rate subsidy for the first three years which will contribute towards improving the payback of green investments.
It’s never too late to rethink your lifestyle choices and go for greener solutions. Click here to join this free webinar visit and complete your registration.
The BOV Personal Energy Loan, the BOV Home Energy Loan and the BOV Business Energy Loan are financially supported by the Energy Efficiency and Renewable Energy Malta Fund (EERE) which is co-financed by the Republic of Malta and the European Union under the European Regional Development Fund (ERDF). The objective of this fund of funds and its first loss guarantee combined with an interest rate subsidy scheme is to support the access of the final recipients for their investments in energy efficiency and renewable energy measures.
All loans are subject to normal bank lending criteria and final approval from the Bank. The term of the personal and home energy loans must not go beyond retirement age. Further terms and conditions are available from www.bov.com. Issued by Bank of Valletta p.l.c., 58, Triq San Żakkarija, Il-Belt Valletta VLT 1130. Bank of Valletta p.l.c. is a public limited company regulated by the MFSA and is licensed to carry out the business of banking in terms of the Banking Act (Cap. 371 of the Laws of Malta).