Is Financing my solar a good option.
Installing a solar system is a major investment in your property, and the intial cost can cause some hesitation. The major banks of New Zealand might just have the options you have been looking for to make your investment into renewable energy a reality. Lets take a closer look.
Bank of New Zealand (BNZ) – Green home
The Green Home Loan top-up rate is only available when you have at least 20% equity in the property provided as security. Eligible upgrades, such as home insulation, ventilation, and heating – or upgrading to an electric vehicle (EV) or plug-in hybrid electric vehicle (PHEV). BNZ offer up to $80,000 at 1 % Interest for 3 years. More details can be found on the link provided. Read More
ANZ New Zealand – Good energy home loan
If you have a home loan with ANZ, you can apply for our new ANZ Good Energy Home Loan top up for loan amounts of $3,000 to a maximum value of $80,000 to buy any of these ANZ Good Energy Upgrades for your home. Included are Solar panels and batteries, EV vehicles and chargers.
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ANZ New Zealand – Agri Loan
Good energy Agri loan – Borrow up to $80,000 per trading group to make houses on your farm more energy efficient and better for the environment. The loan has 1 % interest Fixed for 3 years. This loan is specifically for up-grading your houses on your farm. Read More
ANZ New Zealand – Green loan
ANZ Green loan – This is for larger scale projects and would be project specific. Detail for eligibility in the link provided. Read More
ASB New Zealand – better homes top up
This will require a minimum of 20% equity in your existing loan, they will lend up to $80,000 fixed at 1 % for 3 years. Read More
Kiwi Bank
Kiwi Bank do things a little different, but still have an option for its customers. If you borrow more than $5,000, we’ll contribute up to $2,000 over four years towards the cost of the system – $800 at the end of the first year and $400 at the end of each of the following three years. Read More
Westpac New Zealand – greater choices home loan
Westpac have an option for 0% interest over 5 years up to $50,000 – This is a great option for Solar giving you more time for your energy savings to pay back your loan. Read More
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