Finance For Solar Panels Australia

If you use most of your electricity during the day a 6 6kw system purchased for 6 500 will generally pay for itself in around five years.

Finance for solar panels australia.

Welcome to solar energy finance. A secured solar loan or home equity line of credit heloc takes advantage of the equity in your home to keep interest rates low. We aim to become the leading provider of innovative clean energy finance solutions in australia via solar finance loans solar leases and other products. That s a return of 12 per annum.

Our vision at solar financial solutions is for clean energy to be available to everyone. That s 0 down and start paying less for the energy you use. Given the current low mortgage rate of about 4 5 borrowing more against your home to pay for a solar system could be a perfectly sensible way to finance solar panels. After that eligibility criteria differ depending on the type of financing you choose.

Mortgages obviously take a long time to pay off however and adding more debt could leave you paying a lot more for solar in over the life of the mortgage. Types of secured solar loans. Solar energy finance is a highly specialised experienced finance service dedicated solely to providing finance solutions to residential and commercial customers solar installers and the energy sector. To qualify for solar panel finance you will need to be 18 years or older and an australian resident.

The average solar panel system including installation can cost between 15 000 and 25 000 according to the center for sustainable energy. The center estimates it takes an average of six to nine. In order for a loan to be worthwhile it needs an interest rate of around 7 or less.