Your Lending Friend

Solar Panel Finance

Harness the Australian sun and slash your electricity bills. Finance solar panels and battery storage with affordable monthly repayments - often less than what you currently pay for power. No upfront cost required. Start saving from day one.

Many systems are cash-flow positive from installation

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Finance Your Solar System

With some of the highest electricity prices in the world, Australian homeowners are turning to solar in record numbers. The good news? You don't need to pay upfront. Solar finance lets you spread the cost over manageable monthly payments - payments that are often less than your current electricity bills.

At Your Lending Friend, we compare solar finance options from multiple lenders to find competitive rates for your installation. Whether you're adding a basic panel system or going all-in with battery storage, we'll help you find finance that makes your solar investment work.

Why Finance Solar?

The benefits of financing your solar installation

Cash-Flow Positive

Many solar systems save more in electricity than the loan repayments cost. Start saving money from day one.

No Upfront Cost

Finance your entire solar system with nothing to pay upfront. Spread the cost over affordable monthly payments.

Include Battery Storage

Finance batteries like Tesla Powerwall alongside your panels. Store solar energy for use at night and during blackouts.

Increase Home Value

Homes with solar sell faster and for more. Your solar investment adds value to your property.

Solar System Pricing Guide

Approximate costs and savings to help you plan

6.6kW System

$4,500 - $7,000

Monthly Payment

~$80 - $120/month*

Annual Savings

$1,500 - $2,000/year

Best for: Small to medium households with moderate daytime usage

10kW System

$7,000 - $11,000

Monthly Payment

~$120 - $180/month*

Annual Savings

$2,000 - $3,000/year

Best for: Larger households or those working from home

13kW System

$10,000 - $15,000

Monthly Payment

~$160 - $250/month*

Annual Savings

$2,500 - $4,000/year

Best for: Large homes, pools, or EV charging needs

6.6kW + Battery

$12,000 - $18,000

Monthly Payment

~$200 - $300/month*

Annual Savings

$2,500 - $3,500/year

Best for: Energy independence and blackout protection

*Estimates based on 5-year terms. Actual pricing depends on your location, installer, and credit profile. Government rebates already applied to prices shown.

Solar Finance Options

Different ways to finance your solar installation

Green Personal Loan

Unsecured personal loan for solar installation. Fast approval with no need to use your home as security.

  • No home equity required
  • Fixed interest rates
  • Terms from 2-7 years
  • Quick approval process

Best for: Homeowners who want simple, fast finance without touching their mortgage

Secured Loan

Secure the loan against your home equity or another asset for potentially lower rates on larger systems.

  • Lower interest rates
  • Higher loan amounts
  • Longer terms available
  • Include battery storage

Best for: Larger solar installations or solar plus battery systems

Interest-Free Options

Some solar installers offer interest-free payment plans. We can help you compare these against loan options.

  • No interest charges
  • Often shorter terms
  • Direct through installer
  • Compare total costs

Best for: Those who can manage higher monthly payments for interest savings

How Solar Finance Works

Four simple steps to powering your home with solar

Get Solar Quotes

Get quotes from solar installers for the system you need. We can finance most reputable installers and brands.

Apply for Finance

Tell us about your solar quote and we will find financing options. We compare multiple lenders for competitive rates.

Get Approved

Most applications receive a response within 24 hours. Once approved, your installer can proceed with installation.

Start Saving

Once your system is installed, start generating power and saving on electricity. Often the savings exceed the repayments.

Checking your options won't affect your credit score

Calculate Your Solar Savings

Use our loan calculator to estimate your monthly repayments, then compare them to your current electricity bill. Many homeowners find they're saving money from day one.

Try the Calculator

Solar Finance FAQs

Common questions about financing solar panels

Yes. Many homeowners find their electricity savings exceed their loan repayments from day one. For example, a 6.6kW system might save $150/month on electricity while costing $100/month in loan repayments. This makes the system cash-flow positive immediately.

This depends on your electricity usage, roof space, and budg...

This depends on your electricity usage, roof space, and budget. A typical 3-4 person household uses 20-25kWh per day, which a 6.6kW system can largely offset. Larger systems make sense if you have high usage, work from home, or plan to add an EV.

Batteries store excess solar power for use at night or durin...

Batteries store excess solar power for use at night or during blackouts. They increase your energy independence but also add significant cost. If you use most power in the evenings or want backup power, batteries can make sense. We can finance both.

Quality solar panels come with 25-year performance warrantie...

Quality solar panels come with 25-year performance warranties and typically last 30+ years. Inverters usually have 10-15 year warranties. Your finance term will be well within the useful life of the system.

Yes, with a loan you own the panels from day one. They becom...

Yes, with a loan you own the panels from day one. They become a fixture of your home. If you sell the house, the solar system adds value and typically stays with the property.

The federal government provides Small-scale Technology Certi...

The federal government provides Small-scale Technology Certificates (STCs) that reduce the upfront cost of solar. This rebate is usually applied at point of sale by your installer, reducing the amount you need to finance.

Yes. Solar on a rental property can increase rental value an...

Yes. Solar on a rental property can increase rental value and attract tenants. The installation costs may be tax-deductible as a property improvement. We can help finance solar for both owner-occupied and investment properties.

We work with lenders who consider various credit situations ...

We work with lenders who consider various credit situations for solar finance. Solar is seen as a responsible purchase that reduces ongoing costs, which some lenders view favourably. A deposit or co-borrower can improve your options.

Still have questions? Contact our friendly team

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