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Solar energy financing options
GREEN LOANS:
YOUR SUSTAINABLE
PATH FORWARD
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Green Loans provide an affordable, eco-friendly way to finance solar upgrades. With competitive rates, these loans offer immediate electricity savings, energy independence, and a reduced environmental impact.
- Competitive financial terms: For example, Westpac offers an interest-free loan of up to $50,000 for five years, removing interest costs for substantial upfront savings.
- Additional financial support: Kiwibank provides up to $2,000 for energy-efficient upgrades on loans over $5,000, making sustainable projects more achievable.
Explore a range of banking offers below to find the best financing fit.
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Financial benefits of green loans
See a clear
path to
Energy Savings
Green loans transform
energy expenses into smart investments,
with these core benefits:
1. Upfront cost
Immediate savings: Begin cutting electricity bills with no financial barrier.
Minimal outlay: Green loans let you start with little or no upfront payment.
2. Finance flexibility
Loan smart: Own your system and use energy savings toward repayments.
Capital flexibility: Keep your capital for other investments while solar savings offset the loan.
3. Ownership and savings
Transform costs into ownership: Your energy savings help pay down the system loan.
Interest-free options: Westpac’s 5-year interest-free loan boosts savings, acting like a subsidy.
Long-term savings: For instance, $200 in monthly bill savings equals $12,000 over five years.
4. Return on Investment
Bank-sponsored perks: Offers like Westpac’s interest-free loan increase your ROI.
Utility savings: Your monthly savings build equity, with returns realised even before the system is fully paid off.
5. Predictable payments
Financial control: Regular payments provide predictable savings versus costs.
Protection against rising costs: A green loan hedges against energy price fluctuations, securing predictable energy expenses.
6. Increased home value
Equity growth: Solar energy installations increase home value, providing direct benefits if you sell.
Guide to green loan options
FIND THE RIGHT GREEN LOAN FOR YOUR SOLAR PROJECT
Choosing solar is more than a green step—it’s a financially sound investment that enhances property value and reduces costs. Explore New Zealand's leading green loan options to secure a sustainable, cost-effective future with solar.
ANZ Good Energy Home Loan
Loans up to
$3,000 to $80,000
Fixed rate for initial term
1.00% p.a. Fixed for 3 years
For those holding an existing ANZ home loan, the Good Energy Home Loan serves as a financial catalyst targeting the adoption of solar energy systems. It's a tailored solution to facilitate a switch to greener living with a substantial loan amount and a promotional fixed interest rate.
Quick facts:
- Competitive rate offer: Take advantage of a fixed interest rate for the initial three-year period enhancing the affordability of your solar investment.
- Installation ready financing: The loan can help cover not only the purchase of solar panels and battery systems but also the associated installation costs.
- Exclusive Hyundai charging station deal: ANZ patrons purchasing a new Hyundai electric or plug-in hybrid vehicle can access a special offer for a home wall charger.
- Multiple loan opportunities: Eligibility extends to securing additional finance for diverse eco-friendly property enhancements.
Lending criteria and terms and conditions apply. Explore current rates and submit your application via the ANZ Good Energy Home Loan page.
BNZ Green Home Loan Top Up
Loans up to
$80,000
Fixed rate for initial term
1.00% p.a. Fixed for 3 years
BNZ offers an attractive financing route with the Green Home Loan Top Up, aimed at homeowners investing in solar energy solutions. This loan promotes environmentally sustainable home improvements with a favourable interest rate.
Quick facts:
- Special rate offer: Lock in a 1% p.a. fixed rate for the first three years, providing cost-effective borrowing.
- Green investment flexibility: Funds can be allocated to a range of sustainable energy features including solar panels, batteries, inverters, as well as covering planning and installation expenses.
- Stackable financing: Possibility exists to obtain multiple Green Home Loan Top Ups for a variety of eco-friendly projects, with a total borrowing limit of $80,000.
Lending criteria and terms and conditions apply. For further details and to begin the application process, visit the BNZ Green Home Loan Top Ups page.
Kiwibank Sustainable Energy Loan
Loans up to
Custom loan limits
Fixed rate for initial term
Variable rate
Kiwibank's Sustainable Energy Loan underscores a commitment to eco-friendly living, offering a financial leg-up for customers eyeing sustainable energy upgrades. This initiative is part of Kiwibank's broader strategy to foster environmentally responsible practices among homeowners.
Quick facts:
- Loan term flexibility: The Sustainable Energy Loan offers a minimum term of seven years and a maximum term of ten years, catering to your financial planning needs.
- Substantial financial incentives: For loans exceeding $5,000 geared towards sustainable energy systems, Kiwibank pledges up to $2,000 in contributions over four years. The reimbursement plan includes an upfront $800 after the first year and $400 annually for the next three years.
- Top-up fee waiver: Customers with an existing Kiwibank home loan enjoy the added benefit of no top-up fee, making the financial leap towards sustainability easier and more affordable.
Lending criteria and terms and conditions apply. To explore more about this opportunity and initiate the application process, contacting Kiwibank directly or visit the Kiwibank Sustainable Energy Loan page.
Westpac Greater Choices Home Loan
Loans up to
$50,000
Fixed rate for initial term
Interest free. Up to 5 years
The Westpac Warm Up loan caters to existing Choices home loan customers by providing a straightforward, interest-free financial option for solar energy systems, capped at $50,000. Ideal for homeowners investing in eco-friendly solutions.
Quick facts:
- Interest-free finance: Secure up to $50,000 without paying interest, dedicated exclusively to solar energy system installations.
- Flexible repayments: Take advantage of the freedom to make additional payments or fully repay the loan ahead of time, without incurring penalties.
- Zero establishment fees: Getting started with the loan won't cost anything extra, letting your investment fully benefit your green initiative.
- Stackable loans: You have the possibility to obtain more than one loan for various energy projects, with a cumulative limit of $50,000.
Lending criteria and terms and conditions apply. For additional information, visit the Westpac Warm Up Loan page.
ASB Better Homes Top Up Loan
Loans up to
$80,000
Fixed rate for initial term
1.00% p.a. Fixed for 3 years
Specifically designed for existing ASB home loan customers, the ASB Better Homes Top Up loan offers a financial boost up to $80,000 for adding solar energy systems, enhancing your home's green credentials.
Quick facts:
- Generous loan capacity: Access up to $80,000 to top-up your existing home loan for solar installations.
- Competitive interest rates: Benefit from a special fixed rate of 1.00% p.a. for the initial three years, followed by a shift to ASB’s standard Housing Variable Rate.
- Extended loan terms: Opt for a repayment period as long as 30 years, ideally matching the term with the expected lifespan of the solar system to ensure financial efficiency.
Lending criteria and terms and conditions apply. For more details and application, visit the ASB Better Homes Top Up page.
QCard Long Term Finance Offer - No Deposit
Loans up to
Subject to lending criteria
Fixed rate for initial term
Interest free. Up to 48 months
Switch to a ZEN Solar Energy System with flexible financing from Q MasterCard. Choose from two interest-free options:
- Short-term: No payments, no interest for up to 18 months.
- Long-term: No interest for up to 48 months.
Both options require a minimum $500 spend and charge fees depending on your cardholder status:
- New customers: $55 establishment fee.
- Existing customers: $35 advance fee.
- Yearly: $50 account fee.
- Transaction fee: Variable, based on the selected payment plan.
Repayments start with either 3% of the monthly balance or $10, whichever is greater.
Rates and fees are subject to changes. Standard post-term interest is currently 25.25% p.a.
Lending criteria and terms and conditions apply. For full terms and to apply, visit Q MasterCard Solar Financing.
Trusted solar expertise across New Zealand
Why choose zen
Discover the expertise, quality, and commitment that make ZEN the trusted choice for solar solutions, from installation to long-term support.
New Zealand-owned business, proudly serving Kiwis since 2014
1,000+ installations across New Zealand, from homes to large-scale projects
Over 50 years of combined solar engineering and technical design expertise
Customised solar solutions designed to match your unique energy needs
World-leading products chosen for performance and durability
Rigorous technical reviews are completed on every installation
Lifetime support to maximise your solar investment's value and performance
Ready For
Your Power
to Change Hands?
Start your switch to solar today. Get in touch and we can support your journey to energy savings, sustainability and self-sufficiency.
No strings attached.