In the world of financing, you’ve probably heard of loans for all sorts of purposes, but have you ever come across the term “green loan”? Green loans are a financial innovation, and they’re designed to reduce environmental impact by supporting eco-friendly projects. In Australia, they’re gaining traction because they can make your journey to solar more affordable. Here’s what you need to know.
Understanding green loans: A sustainable investment
Green loans are offered by financial institutions that are committed to investing in environmentally responsible projects. These loans support initiatives that contribute to a more sustainable and eco-friendly future. Given that solar power is a clean and renewable energy source, it aligns perfectly with the principles of green loans. This sustainable financing option has opened up exciting possibilities for homeowners seeking solar solutions!
How does a green loan work for solar?
Essentially, a green loan operates much like any other loan, but with a focus on supporting eco-friendly projects as mentioned. The specifics of your green loan arrangement may vary, but when it comes to financing your home solar system through a lender such as Brighte, you’ll find flexibility:
- Repayment periods range from 2 to 7 years
- Minimal upfront costs, with options as low as $0
- Competitive interest rates to suit your financial goals
The value of investing in residential solar
Is it worth taking out a green loan for a residential solar system? With all things considered, including the current cost of living, absolutely. Residential solar installations offer numerous benefits, including:
- Quick return on investment through reduced energy bills
- Increased property value*
- The potential to earn credits for excess energy fed back into the grid
- A more sustainable future
The Quantum Solar connection with green lender Brighte
To save you any hassle, we’ve already forged a valuable partnership with Bright, a leading green lender in Australia. This partnership helps you to start your solar journey more affordably. Because, while residential solar systems are renowned for their ability to pay for themselves, increase property value, and potentially earn credits for surplus energy fed back into the grid, we understand that the initial cost can still be a hurdle for many Australians. This is where a green loan from a vetted and reputable lender like Brighte comes into play.
Getting started with Quantum Solar
It’s never been a better time to start your solar journey. At Quantum Solar, we take care of every aspect of your transition to solar energy. From our free solar assessment, to designing, installing and maintaining your unique solar system, it’s a seamless and hassle-free journey. In fact, you can get to know more about your journey to solar, here.
Get started on your solar journey with us. 1300 4 SOLAR.
*This article has been published for guidance purposes only. Property valuation depends on a number of factors including market conditions, the quality and size of a solar energy system, the professional appraisal, and more. Always conduct your own, up-to-date research and seek guidance from licensed valuation and real estate professionals for your home.