We recognize that taking the leap into solar energy might seem like a considerable financial undertaking. However, we’re here to demonstrate how solar financing can make this investment not only more manageable but also save you money over time compared to remaining entirely dependent on the grid for your energy needs.
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Save Money With Solar
By choosing to finance your solar system, you’re able to spread the upfront costs over a period, making the transition to solar energy more budget-friendly. As soon as your solar system is up and running, you’ll start to see immediate savings on your energy bills. The electricity generated by your solar panels reduces the amount of energy you need to purchase from the grid, leading to lower monthly expenses.
When comparing the cost of financing solar vs remaining on the grid, you will find an overall reduction in the cost of your energy bills. These additional savings can usually cover the cost of financing your solar system while costing less than your energy bill if you remain 100% dependent on the grid. Bringing you immediate savings, despite the solar financing.
As grid electricity rates increase over time, your savings will only grow, further improving your solar system’s return on investment and lowering your overall energy costs.
Once your repayments for solar financing are paid-off, you’ll have even more impressive savings locked in with cheaper energy bills and more energy independence for the foreseeable future.Here at Sungain Solar, we offer multiple solar financing options to help you get setup faster so you can start saving on your energy bills. Contact us today and our friendly team will go through the best options available to you based on your requirements and your location.
Green Loans: Environmentally-Friendly Financing for Solar Power Systems
Green loans are a popular financing option for individuals looking to invest in solar power systems while supporting eco-friendly initiatives. These loans are specifically designed to fund projects that contribute to environmental sustainability, such as solar panel installations.
Financial institutions offering green loans often provide attractive interest rates and flexible repayment terms, making them a viable choice for homeowners and businesses seeking to invest in solar power.
To access a green loan, you’ll need to meet the lender’s eligibility criteria, which may include demonstrating that the solar power system contributes to energy efficiency and environmental sustainability.
Solar Rebates and Incentives: Enhancing Solar Affordability in Australia
The Australian government provides a range of solar rebates and incentives aimed at encouraging the use of renewable energy and making solar power systems more attainable for both homeowners and businesses. These incentives can substantially decrease the initial expenses associated with installing a solar power system, rendering it a more appealing investment option.
Small-scale Renewable Energy Scheme (SRES):
The SRES allows qualifying solar power system installations to obtain Small-scale Technology Certificates (STCs). The number of STCs issued depends on the system’s size and geographical location. By selling STCs to electricity retailers, you can effectively lower the upfront cost of your solar power system.
Feed-in Tariffs (FiTs):
Feed-in tariffs are payments made to solar power system owners for any excess electricity generated and exported back to the grid. FiT rates vary depending on your location, electricity retailer, and the size of your solar power system. These payments can help offset your electricity bills and contribute to the overall return on investment for your solar power system.
State and Territory Rebates and Incentives:
Some Australian states and territories offer additional solar rebates and incentives, such as battery storage incentives and solar installation subsidies for low-income households. These payments can actively reduce your electricity bills and play a significant role in enhancing the overall return on investment for your solar power system.
By capitalising on green loans, solar rebates, and incentives, you can effectively minimise the initial expenses associated with investing in a solar power system and optimise your long-term savings.
At Sungain Solar, we are dedicated to guiding you through this process, ensuring you make the most out of your solar panel purchase in Australia.