Home loan FAQs
How do you qualify for a Solar Home Loan?
To qualify, simply provide your eligible solar system invoice or quote with your loan application. Real easy.
Is the Solar Home Loan variable or fixed?
The rates are discounted on your variable rate loan for 5 years from settlement date. You can choose from Principal & Interest or up to 5 years of Interest-only repayments.
Can I get the Solar Home Loan for a property without solar panels?
Yes, as long as you have a quote to install solar panels. You cannot apply for the Solar Home Loan if you don’t have solar and don’t have a quote to install solar.
How can I get solar quotes?
Start by understanding how much power you need, and when. Do you just need panels for daytime supply, or will you also need a battery for power at night too? When choosing your solar system, it pays to do research. It also helps to get multiple quotes for comparison and to read product reviews before making your decision. [To learn more, click here]
What should I consider when getting solar panels?
The size of system you need depends largely on your daily power needs, property type, roof space, bedroom number and whether you have a pool. The more you have, the larger the solar system you need to generate sufficient power. Find a quality solar retailer and installer to help you consider all the available technology. [To learn more, click here]
How much can I save with solar?
Many factors affect how much your household will save on power bills, including your regular energy consumption and the size of your solar system, your feed-in tariff, usage patterns and how much sunshine you get based on where you live. The cost of your solar system will also affect the period it will take for your system to pay for itself.