Finance For Solar Panels Australia

The average solar panel system including installation can cost between 15 000 and 25 000 according to the center for sustainable energy.

Finance for solar panels australia. Welcome to solar energy finance. Solar systems currently generate a tax free return that is higher than current bank interest rates or government bonds. 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. That s a return of 12 per annum.

In order for a loan to be worthwhile it needs an interest rate of around 7 or less. We aim to become the leading provider of innovative clean energy finance solutions in australia via solar finance loans solar leases and other products. Our vision at solar financial solutions is for clean energy to be available to everyone. After that eligibility criteria differ depending on the type of financing you choose.

A secured solar loan or home equity line of credit heloc takes advantage of the equity in your home to keep interest rates low. For example green personal loans are typically only available to borrowers with good credit who want to use the funds to buy an energy efficient solar system. 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. The center estimates it takes an average of six to nine.

Types of secured solar loans. 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. That s 0 down and start paying less for the energy you use.