Residential Solar and Energy Finance
With soaring electricity bills and attractive Government incentives, the surge in popularity of Solar PV systems for households has been incredible.
Now with new battery storage technology in the marketplace, homeowners can even go completely “off the grid” and have total control over their energy consumption and costs. Just as Solar installations are a very technical and skilled area of expertise, so is Solar Finance. Here at Solar & Energy Finance we specialise in finance options for PV Solar and energy related products.
We hold accreditations with funders that are specialists in solar energy loans, whereas most major banks and lenders are not comfortable with solar financing and they prefer taking a mortgage over your house. At Solar & Energy Finance we offer unsecured solar loan options. We also offer fast and genuine personal one-to-one service, you can call our office and chat to our team anytime without going through the frustrating layers of a bank call center overseas and then waiting 2 weeks for the bank to give you an answer to your loan application.
Solar and Energy Finance offers consumers a competitive, simple to understand and transparent solar loan solution designed to reduce your stress and suit your budget.
WARNING: Be aware that so called “Interest Free” or “No Interest Ever” solar payment plans are not always what they appear to be. The solar installer/supplier must increase the true cost of your solar system quote by between 23% – 40% so that the installer/supplier can pay this as a “merchant fee” directly to the finance company upfront. So in reality you have paid all of the interest charges upfront.
Remember the old saying, there is no such thing as a free lunch, and this is especially true in finance!
Option One: Standard Residential Loan
At Solar and Energy Finance we offer a simple and flexible solution with our unsecured residential solar loans.
Residential Solar Loan Features *
- 100% finance – No deposit required
- No early pay out fees ever!!
- Unsecured Rates from 9.49%
- from $3,000 – $70,000
- Loan term 5 years (with 6 & 7 year term available for loans over $10,000)
- Weekly, fortnightly or monthly repayment options
- Fast approvals – within 2 hours if all documents provided on application
- Unlimited extra repayments allowed at any time
- Funds disbursed electronically at settlement
- Set up costs added to loan amount
Qualifying Criteria for the Residential Solar Loan
- Applicant(s) need to be a home owner – with a minimum 10% equity in their home
- Applicants can be either PAYG wage earner, self-employed person or a self-funded retiree
- Have a clear VEDA credit file
Option2: Non-Standard Residential Solar Loan *
Centrelink benefits accepted include Aged Pension, Carers Payment, Disability Allowance, Veterans Affairs, Widows Pension.
Note: Newstart Allowance, Austudy, ABStudy, Youth Allowance and Single Parent Payments are excluded
- Both Home Owners, and Non-Home Owners, are accepted
- Minimum base loan is $5,000 {plus set up fees} and maximum loan is $50,000
- No property mortgage or security is required, the loans are unsecured
- Loan terms between 2 – 7 years are available
- The money is deposited directly into the customer’s nominated bank savings account
- The customer can choose one of the following interest rate optionsFixed Rate of 10.99% – note: $300 bank early break fee applies if the customer pays the loan out in full early
Variable Rate 15.99% – unlimited extra repayments and no early break fee
*To approved applicants, terms & conditions, fees & charges apply