The easy guide to financing a solar energy system
ONE of the main points stopping people from buying solar is the initial cost itself.
With South Burnett retailers starting at $4500 depending on the installation, it's understandable that some people just can't fork out the cash.
However, it is a long-term commitment that does benefit your home and energy costs.
So, how do people starting out find the way to finance a solar energy system?
Well, thanks to research from Solar Quotes, there is actually quite a few options.
Firstly, you can add the costs of the solar energy system to your home loan.
This is a great option for those who want a quick financing solution with a bill they're used to.
However, if your home loan is on a long repayment scheme, interest rates will significantly increase the initial costs.
The second option is applying for a green loan.
Green loans have lower interest rates and are available for people with decent credit ratings.
To be eligible for a green loan for your solar energy system, you must purchase from a Clean Energy Council Accredited installer.
Otherwise, you always have the option to apply for a personal loan.
This is a great option if you don't want to add to your mortgage or if you aren't eligible for green loans.