Solar Loans
Thinking about adding solar panels, battery storage or other energy-efficient upgrades to your property? Green energy finance can help cover the upfront cost, making it easier to invest in a more energy-efficient home or business.
Whether you are looking to reduce your household power bills or transition your commercial property to sustainable energy, our brokers take the hassle out of green loans so you can focus on building a more sustainable future.
What you need to know about solar loans
Typically, solar loans can be structured as secured or unsecured personal loans, green residential loans, or equipment finance, often featuring competitive interest rates and specialized terms compared to standard personal loans. This is due to incentives, rebates, and the long-term cost-saving nature of renewable energy upgrades. Solar loans are generally designed to fit your budget, with flexible repayment terms ranging from 1 to 7 years, or integrated directly into your existing mortgage structure.
Usually, solar loans rely on the immediate reduction in electricity utility bills and the long-term value addition to your property as the primary offset for investment.
How much can you borrow with a solar loan?
The amount you can borrow depends on the scale of your setup—ranging from smaller residential rooftop systems starting around $5,000 up to $100,000+ for comprehensive commercial solar arrays and heavy-duty battery storage solutions.
Who should apply for a solar loan?
Generally speaking, homeowners, property investors, and business owners looking to lower long-term overhead costs, protect against rising energy prices, and increase their property’s green credentials would apply for a solar loan.
The pros of solar loans
1. Immediate energy savings
A solar loan allows you to start generating your own clean power immediately, meaning the savings on your very next electricity bill can start offsetting your loan repayments from day one.
2. No upfront capital required
Instead of draining your savings or delaying your sustainability goals, a solar loan lets you install top-tier solar and battery infrastructure with zero or minimal upfront out-of-pocket costs.
3. Increase property value
Energy-efficient homes and commercial spaces are increasingly attractive on the market. Installing solar can significantly boost your property’s overall capital value and market appeal.
4. Protection against rising power prices
Grid electricity costs continue to fluctuate and rise. Locking in a solar system gives you long-term energy independence and shields you from utility price hikes.
5. Flexible financing options
Borrowers can choose from standalone green personal loans, specialized equipment finance for businesses, or rolling the cost into a broader home loan refinance or equity release.
6. Access to government incentives
By securing funding to get your system installed now, you can take full advantage of current federal and state-based small-scale technology certificates (STCs) and government rebates while they remain available.
