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Solar FinanceInterest-Free and Low-Rate Finance for Solar Systems
Maximise your returns with an interest-free home loan top up or Q Card finance to buy your solar system. Save money in the long run with flexible finance plans.
Green home loans
Banks offer sustainable home loan top ups: get up to $80,000 from 0% interest to fund a solar installation and other eco upgrades.
Q Card
Apply for a new Q Mastercard or Q Card now, or use your existing one, and spread the upfront cost of your system over time.
Green lending available in New Zealand
These are the sustainable finance products New Zealand lenders currently offer for solar. Lending criteria, terms and conditions apply to all of them, and the lender makes the final decision.
ANZ Good Energy Home Loan
1.00% p.a. fixed rate for 3 years, up to $80,000.
ANZ's Good Energy Home Loan provides up to $80,000 for solar panel installations and other home improvements. Enjoy a fixed rate for 3 years, making your home eco-friendly and efficient. Eligibility criteria apply.
ASB Better Homes Top Up
Up to $80,000 for home improvements or EV purchase, 3-year fixed rate.
ASB Better Homes Top Up lets you borrow up to $80,000 for solar panels and home upgrades, fixed for 3 years. Make your home greener with ease. Minimum equity required, along with quotes for solar installations. Exclusions and conditions apply.
ASB Smart Solar Loan, rural property
0% rate, up to $150,000 over 5 years.
Backing New Zealand farmers and rural businesses with interest-free lending for solar generation on farm.
BNZ Green Home Loan Top-ups
Borrow up to $80,000 at a 1% p.a. fixed rate for eco-upgrades and EVs.
Finance sustainable changes with up to $80,000 at a 1% p.a. fixed rate for 3 years. Improve insulation, ventilation and heating, and go green with electric vehicles. Flexible terms after 3 years.
Kiwibank Sustainable Energy Loan
Up to $2,000 for renewable systems, waived top-up fee for existing home loan customers.
Unlock up to $2,000 over 4 years for solar and more. No top-up fee for existing customers. Embrace sustainable energy now.
Westpac Greater Choices Home Loan
Up to $50,000 interest-free for 5 years for a cosier, eco-friendly home.
Elevate your home with up to $50,000 interest-free for 5 years. Enhance insulation, install solar panels and go green with electric transport. Flexibility and no establishment fees make it ideal for creating a more sustainable home and lifestyle.
Q Mastercard and Q Card
Q Mastercard for everything.
Apply for a new Q Mastercard or Q Card, or use your existing one, to offset your power bill with ease. Financing your solar purchase allows you to spread the upfront cost over time, enabling you to enjoy immediate savings on your power bills. We simplify the process and provide support every step of the way. Lending criteria, terms and conditions apply.
Rates and limits are set by each lender and can change without notice. Check the current terms with your bank before you commit. Solar Republic is not a financial adviser and does not arrange lending on your behalf.
Finance is only half the picture
There are no nationwide government subsidies for solar panel installations in New Zealand, but competitive buy back rates from electricity retailers for excess solar energy help reduce the payback period.
Buy back rates currently range from 8c to 17c per kWh depending on the retailer and the plan. Choosing the right retailer after your system goes in can be worth several hundred dollars a year on its own.
Not sure which option suits you?
Tell us your monthly power bill and the system you are considering. We will show you what the repayments look like against the savings, so you can see whether the system pays for itself from day one.