We’ve partnered with the Strategic Banking Corporation of Ireland (SBCI) to bring you the SBCI Energy Efficiency Loan Scheme (EELS).
 
The scheme supports qualifying Irish businesses, including primary producers, by providing access to affordable medium to long-term finance, so that they can invest in the energy efficiency upgrade of their enterprise.
 
There is a list of assets on the Sustainable Energy Authority of Ireland (SEAI) “Triple E Register for Products” that are deemed eligible energy efficiency assets which may be financed under EELS (electric vehicles are excluded).
 
Loans are available until 31 December 2023 or until the scheme has been fully subscribed.

Key features

The  SBCI Variable Interest Rate plus:

  • A fixed margin of 4.0% above our *SBCI variable rate on Loans from €10,000 up to a maximum of €150,000 per borrower
For example: €10,000 over 5years at 4.169% will have 60 monthly repayments of €184.61 the total cost of credit for the loan is €1,076.60
 
  • Loan terms from 1 year to a maximum of 10 years
  • Loans are available for amounts from €10,000 up to a maximum of €150,000 per Borrower
  • No security will be required 
  • Personal Guarantees are not permitted
  • Optional interest-only repayments or interest and / or capital moratoria (up to 90 days) are possible under the Scheme (subject to credit approval)
  • An interest-only option is only available at drawdown. If you avail of an Interest Only option at the start of your loan, your total cost of credit will be higher as a result
For example: €60,000 over 5 years at 4.169% with an initial interest only payment of 90 days will have initial repayments of €206.23 for the first 3 months and €1,160.20 for the months thereafter. The total cost of credit for the loan is €6,750.09 and total repayments of €66,750.09
 
**90 days is the maximum term allowable for any interest only and/or capital moratoria period over the course of the loan
 
  • Repayment structures that have a final bullet repayment are not permitted
  • Loans may only be used for the purposes of upgrading the energy efficiency of the enterprise. To be eligible for inclusion, the asset to be financed must be listed on the Sustainable Energy Authority of Ireland (SEAI) “Triple E Register for Products
*Our SBCI Variable Rate is variable and may go up and/or down throughout the period of the Loan

SBCI Energy Efficiency Loan Scheme at a glance

  • A fixed margin of 4.0% above our SBCI variable rate
  • Amounts available from €10k to €150k
  • Terms from 1 to 10 years
  • No security required 

Useful information about eligibility

We're here to help

Eligible SMEs will receive a confirmation letter from the SBCI with a Customer Eligibility Code (which is valid for 6 months).

Contact your Relationship Manager or call our Direct Business Advisors on 0818 478 833, Mon-Fri 9am-5pm with your Customer Eligibility Code to begin your loan application.

Other resources

Credit Guarantee Scheme Information Booklet

Helpful Guide to Applying for Business Finance

Government Credit Guarantee Scheme FAQs

T&C’s Governing Business Lending

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Important / Regulatory Information

WARNING: The entire amount you have borrowed will still be outstanding at the end of the interest-only period.

.AIB will not apply charges if you repay an SBCI Energy Efficiency Loan facility early.
 
The Energy Efficiency Loan Scheme (EELS) is established and offered by the Strategic Banking Corporation of Ireland (SBCI) and benefits from a guarantee provided by COSME and the European Fund for Strategic Investment (EFSI) set up under the Investment Plan for Europe. The purpose of EFSI is to help support financing and implementing productive investments in the European Union and to ensure increased access to financing.
 
It is important to be aware that AIB is obliged to share personal information about successful applicants with the SBCI and this information will also be shared with EU Bodies and State Bodies. This will be done with regard to obligations under data protection legislation. You can read our Data Protection – Use of Information Notice by visiting our website or contact us directly for more information on how we use your information.
 
For information on how the SBCI handles personal data, including information about your data protection rights (in respect of the SBCI) and the contact details of the SBCI’s data protection officer, please refer to the SBCI’s data protection statement.
You also need to be aware that you will need to keep and be able to produce all documents relating to the SBCIEnergy Efficiency Loan facility for a period of 10 years from the end of your loan.
 
If you provide false information in relation to your eligibility for the Scheme or the amount of State Aid received, AIB are obliged to share this information with the SBCI who may take further action. This may also result in the termination of your loan facility and a demand for early repayment in full.​
 
Lending Criteria, terms and conditions apply. Credit facilities are subject to repayment capacity and financial status and are not available to persons under 18 years of age. Security may be required.