Finance

Clean energy loans

Clean Energy Loans or Green Loans are specifically designed for purchasing renewable energy products.

If you’re unable to pay with cash or refinance your current home loan, then a green personal loan may be your best option – so long as you find one that offers a better rate than a standard personal loan. 

Compare your options in our widget below.

A Green loan for financing a solar PV system is often advantageous for several reasons:

  • Purpose-Specific Financing

    Green loans are specifically designed to finance environmentally friendly projects, including solar PV systems. They are tailored to meet the unique needs of such projects, ensuring that the financing terms are appropriate for the investment.

  • Potentially Lower Interest Rates

    Many financial institutions offer green loans at lower interest rates compared to standard personal loans. This is because these projects are seen as contributing to environmental sustainability, and lenders often encourage them through financial incentives.

  • Longer Loan Terms

    Green loans may offer longer repayment terms, which can make monthly payments more manageable. This can be particularly beneficial for solar PV systems, which are long-term investments.

  • Energy Savings

    Solar PV systems can significantly reduce electricity bills, and the savings can be used to pay off the loan. In some cases, the reduction in energy costs can be greater than the monthly loan repayment, making the investment cash flow positive.

  • Supporting Renewable Energy Transition

    By financing a solar PV system with a green loan, you are supporting the broader transition to renewable energy sources. This helps in reducing reliance on fossil fuels and combating climate change.

  • It's important to carefully consider the terms and conditions of any green loan, including interest rates, fees, and repayment terms, and compare them with other financing options.