Gas transition loans

Reduce your business's dependence on natural gas with support from the Government's Gas Transition Loan Guarantee Scheme. We can help you invest in energy efficiency or switch to a renewable energy source.
Engineer operating control panel in industrial factory

Fund your move away from natural gas

  • Fixed or variable interest rate options.

  • Preferential interest rates to help make the change more affordable.

  • Up to 10 years to pay off your loan, to help manage cash flow.

  • Progressive drawdowns available for larger projects delivered over time.

Why move your business away from gas

Many Kiwi businesses have practical options to reduce gas use, improve energy efficiency or switch to renewable energy. With natural gas supply declining and costs increasing, acting early can help reduce the impact of rising energy prices and strengthen your business for the future.

Every business uses energy differently. The right approach will depend on your equipment, processes, location and operational needs. For some gas-dependent businesses, transition may be relatively simple. Others may combine energy efficiency improvements, operational changes and investment in new technology, with gas remaining part of the energy mix.

You don't need to have all the answers before getting started. Understanding how your business uses gas and what alternatives are available is often the first step. We're here to help you explore financing options that support practical, resilient energy outcomes. We can also connect you with independent consultants who can provide technical advice on energy efficiency and transition planning.

A gas transition project could help your business:

  • Lower energy costs over time.
  • Improve energy security and reduce supply risk.
  • Reduce exposure to carbon costs, such as the Emissions Trading Scheme (ETS).
  • Meet growing expectations from customers, supply chain partners and export markets.
  • Improve long-term resilience.

What you can use the loan for

  • Improve energy efficiency

    Reduce the amount of gas your business uses by:

    • upgrading equipment
    • recovering waste heat
    • improving process efficiency
    • making operational improvements.

  • Switch to renewable energy

    Move away from gas by investing in renewable energy solutions such as:

    • electricity-based systems
    • heat pumps
    • biomass technologies
    • other eligible renewable energy options.

  • Combine both approaches

    Help your business achieve the best results by combining efficiency improvements with a transition to renewable energy.

  • Related costs & infrastructure

    Directly related infrastructure, upgrades or modifications may also be eligible for funding, such as:

    • grid or transformer upgrades
    • biomass or pellet silos
    • electrical work or upgrades
    • solar and battery installation.

How it works

  • Talk to us about your project

    We'll discuss your plans and help determine whether your project may be eligible for the scheme. See eligibility criteria below.

  • Confirm project eligibility

    Provide evidence showing how your project reduces gas use and meets scheme requirements. For some projects, your installer, engineer or consultant may be able to provide the required information.

  • We assess your application

    We'll review the project costs, any supporting infrastructure requirements and the amount you may be able to borrow.

  • Get funding & begin your project

    Once approved, we'll set up the loan and document any pricing benefits. Because this is a Government-backed scheme, we will need to collect and report information about your project and follow up after completion to understand the outcomes achieved.

Eligibility

Your business may be eligible if:

  • you use at least 1,000GJ of reticulated (piped) natural gas each year
  • the project site is located in New Zealand
  • the project is expected to reduce natural gas use by at least 15%
  • the reduction in gas use is not the result of lower production
  • the project improves energy efficiency, switches to renewable energy, or both.

If you are switching energy sources, the replacement energy source must be renewable, such as electricity or biomass, for example wood pellets.

Get independent support from EECA

The Energy Efficiency and Conservation Authority (EECA) offers independent advice, practical tools and co-funding to help you understand your options and take the next step.

Depending on your needs, support may include:

  • energy assessments
  • engineering feasibility studies
  • identification of efficiency opportunities
  • renewable energy advice
  • business case development
  • co-funding for eligible projects.

Whether you're just starting to investigate a transition from gas, or are ready to move ahead, EECA can help you understand what's possible.

Visit eeca.govt.nz

Talk to us

We're committed to working with you to help transition your business away from using natural gas.

Talk to a business banking specialist

Complete our online form and one of business banking specialists will get back to you within one to three working days.

Find a business banker

Call us

Call our business banking team on 0800 601 601, or +64 4 803 1646 if you’re calling from overseas.

Mon–Fri: 8 am–5 pm.

Call 0800 601 601

Other borrowing options you may be interested in

Kiwibank's eligibility criteria, lending criteria, terms and conditions, and fees apply.

Scheme eligibility criteria apply and may be subject to change. Eligible loans under the Scheme are available until 30 June 2029, or until Kiwibank’s Scheme allocation is exhausted.