For Tasmanians wanting to put solar on their roof or insulate their homes against the state's renowned chilly winters, the government's energy saver loan scheme (ESLS) was a welcome relief.

The scheme offered households, small businesses and community organisations interest-free loans of up to $10,000 to invest in energy efficiency measures like rooftop solar, insulation or energy-efficient appliances.

The scheme started in October 2022 and was expected to run for three years.

Instead, it has been stopped a month early after the funding allocation for the scheme was exhausted due to it being oversubscribed.

Tasmania's Energy Minister Nick Duigan says while the scheme was initially budgeted to cover a loan value of $50 million, it ended up supporting $67 million in loans to Tasmanians.

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