Are interest free loans a good deal? Would the quotes price increase much?

Are interest free loans a good deal? Would the quotes price increase much?

  1. While interest-free loans are heavily promoted by many solar installers, those installers don’t always tell you that some interest-free solar loans increase the solar system’s quotes price by 15-25%.
  2. However, several state governments are currently offering interest-free loans to support the uptake of solar panels. Find information about the Victorian and NSW Governments’ current interest-free solar loan offerings: https://www.aef.com.au/for-home/solar-power/are-there-any-solar-rebates-available/
  3. Queensland: https://www.qld.gov.au/about/newsroom/grants-and-interest-free-loans-for-solar

    • Related Articles

    • Are interest free loans a good deal?

      • While heavily promoted by many solar installers, those installers don’t always tell you that some interest-free solar loans increase the solar system’s quotes price by 15-25%. However, several state governments are currently offering interest-free ...
    • How does the Empowering Homes interest free loan work?

      The NSW Government will help homeowners in the Hunter region access interest-free loans to install solar battery systems. These systems provide clean, renewable energy and can help you cut your energy bills. Through this offer, you can get an ...
    • How long is the payback period for the Solar Victoria interest-free loan?

      • Interest-free loans must be paid within a four-year period, or sooner if you choose to do so.
    • Is a battery trial a good deal?

      • There are a number of battery trials always going on in Australia at the moment – but they are never mass promoted and are almost always only done by the battery manufacturers themselves (to help them develop their product) or funded by govt ...
    • What rebates, discounts and loans are available for energy efficient appliances?

      No interest loan scheme - The No Interest Loans Scheme (NILS) offers individuals and families on low incomes access to safe, fair and affordable loans for purchasing appliances and some other essential household expenses. NILS is offered by more than ...