REASON BEHIND THE LOW COST OF SOLAR SYSTEM

We finance many big purchases in life, so we can enjoy purchasing them till now without the upfront cost involved. With the help of finance options, you can reduce the cost of the solar system and battery for about 5–10 years. But the difference is that the other purchases will be count as expenses and this purchase of the system will be count as an investment for you. It will save your money on energy as soon as it is installed. So basically your out-of-pocket expenses less than they actually appear.

Financing solar and your real out-of-pocket costs. Want to know how does it work?

Let’s take an example scenario if we are using our mid-sized solar and battery systems:

Then, System: 6kW solar system and 7kWh battery installed in a home.

Cost will be : $14,050

You borrow amount: $14,000 (including loan fee)

The paid back over 7 years at a 7.99% interest rate from the recommended finance partner by our company:

The early energy savings will be $2174 a year*

The yearly repayments will be $2652 a year**

Your out-of-pocket spend Repayments will be — energy savings = $478 a year or around $40 a month!

If you still prefer to pay it off in 5 years at a 5.99% interest rate:

Well, this equates to an out-of-pocket spend of around $90 a month, along with your system paid off in five years.

What about the 0% finance?

There are several companies offering 0% finance in the solar market but you should be always aware that which is good for you. Companies are only able to offer such services due to financing their products.

Want to find out more about financing?

We have our own ties-up loan provider for several reasons and for their flexible application process as well. They will provide the proper assistance and help you to take an instant decision. Their interest rates are so much affordable for you for the repayments process.