Beginner level, Finance, Medium level -

Need finance for your solar PV system? Here's what’s possible

 

More and more South Africans are looking for alternatives to power their homes and businesses. In the long-term, the best thing to do is to invest in high-quality equipment that will last a long time and doesn't cause you any issues. However, for many people, this large initial investment is often a stumbling block. One of the solutions for this can be a loan for your solar PV system. There are a growing number of financial mechanisms available that can finance your solar PV system. We have listed some of them below, please note there are several other financing options as well.

Please contact us if you are interested in one of the options below.

 

Commercial Banks 

If you have a home-loan, you should be able to finance your solar with an access bond. This will most probably be the cheapest way to finance your solar system. 

Most major banks like Absa, Nedbank, Standard bank and FNB will also be able to provide a personal loan, but interest rates are of course higher. Most banks provide term loans covering 70-100 percent of the capital costs within a five to ten-year loan terms. Security is individual and project-specific and interest rate risk dependent. All tax benefits and incentives apply. Some links to the relevant sites of the banks are:

Standard Bank
FNB
ABSA
Nedbank

 

GreenFin

GreenFin is established in 2012, and is one of Southern Africa’s largest, independent Financial Service Providers focusing on renewable energy. We are happy to let you know that SunStore / Amperion Energy (Pty) Ltd is now approved as one of the GreenFin suppliers, Click Here.

To access this funding, apply for financing at the GreenFin website (link below) and provide all necessary documents, including our quotation to you. GreenFin will pay 80% of the quotation to us, your supplier, and 20% to you. You will pay the remaining 20% to us after completion of your installation.

You can apply here:

 

 

Please download GreenFin's financial calculator here.

For more information, click here.

 

Versofy

Ampertion Energy (Pty) Ltd is also registered as a supplier at Versofy.com, click here. Versofy can help you increase your financial buying power by offering you an affordable way to pay off your project through our Cash Back Bonus incentive through the Versofy Funding Program. If you are up to date with your repayments to the bank in month 5, and use a Versofy Supplier, they will pay you 8% cash back of the value of the project. Read more: www.versofy.com/credit/application

 

The Rental Company, https://www.rental.co.za

The Rental Company are specialists in asset funding for businesses and are driven to help you attain your business goals both economically and without hassle. They focus on understanding, considering and including all the soft costs associated with your purchase - including installation, maintenance and training.

 

We have included a calculator that you can use to determine the estimated monthly payment for your system, if you have interest in this offer, please send us an email sales@sunstore.co.za.

 

 

        
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RENTAL FACTORS

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For more information: http://www.rental.co.za/
            

 

 

 

 

 

 

 

 

 

 

 

 

 

Please contact us if you are interested in one of the options mentioned above, and let us know how we can assist.

 

Read more:
How to compare Solar Quotes
CoC - Certificate of Compliance, why do you need it?

Solar panels, Mono or Poly?
Solar panels - What to Look for when Buying Panels 
Wiring solar panels: Series or parallel?
SunStore Solar System Sizing Calculator
9 Easy Steps towards installing Solar
What DC Wire Sizes to use for your Solar PV System?
What size of inverter do I need?
What are the elements of a Solar PV system?
Iron or Ion ???? Lithium batteries explained...

 


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