Energy Efficiency Loan Scheme

By Steven Galvin - Last update


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Viable micro-, small and medium-sized enterprises (SMEs) that meet the eligibility criteria can apply for the Energy Efficiency Loan Scheme (EELS) .

Loans of €10,000 up to €150,000 can be applied for under EELS.

For more information on making an application, please click here.

The level of investment in energy efficiency by Irish SMEs is lower when compared to their European counterparts. The Energy Efficiency Loan Scheme supports qualifying viable Irish businesses and primary producers (farmers/fishers) by providing access to affordable long-term finance, enabling them to invest in the energy efficiency of their enterprise.

For an extensive definition of qualifying enterprises, please check the Terms & Conditions below.

Loans can be used to fund the purchase of energy efficiency assets such as heat pumps, solar panels, lighting controls, chillers and fluid coolers, commercial water boilers, etc. Assets listed on the SEAI Triple E Register for Products are deemed eligible assets for the purpose of this scheme.

Loans under EELS are available up to 31 December 2023, or until the scheme has been fully surbscribed.

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.

The Strategic Banking Corporation of Ireland is incorporated in Ireland and is a private company limited by shares.


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Steven Galvin

Central Bank of Ireland Scholarship Programme 2022
Enterprise Ireland Webinar - Equity Matters: Exits


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