You do not need to pay for solar upfront
ANZ, ASB and BNZ offer green home loan top-ups for solar of up to $80,000 at 1% p.a. fixed for three years; Westpac lends up to $50,000 interest-free over five; Kiwibank offers a floating-rate top-up with a cash contribution. You roll the cost onto your existing mortgage, and for many households the power bill savings cover or exceed the extra repayment from the first month.
How it works
- 01
You get a quote from us.
- 02
You apply to your bank for a green top-up on your existing mortgage.
- 03
The bank approves it against your equity and lends at the green rate.
- 04
We install, your bill drops — and the repayment is often smaller than the drop.
The installer requirement that varies by bank
ANZ and Kiwibank will only lend on a solar quote from a SEANZ member installer; the other banks ask for a qualified professional. We are a SEANZ member, so our quotes work at every bank.
This matters commercially. With ANZ and Kiwibank, a cheaper quote from a non-SEANZ installer can quietly disqualify you from the green rate, and the difference in interest over the loan term usually exceeds whatever you saved on the install.
What the banks look for
- An existing mortgage with that lender
- Sufficient equity in the property
- A quote from an accredited installer
- Eligible equipment, which rooftop solar and home batteries generally are
Every lender differs. We can tell you what each currently asks for, but the decision is theirs.
If you do not have a mortgage
Green top-ups are mortgage products, so they are not available to everyone. If you rent, own outright, or have limited equity, there are still low-rate personal finance options, and our team will walk you through what is realistically available when they call. We would rather say so than promise a rate you cannot access.
Not sure what you can access?
Our team will walk you through what is realistically available.
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Disclaimer
All finance is subject to lender approval. Rates, terms, eligibility criteria and lending amounts are set by the lender, not by Solar.co.nz, and change without notice. The figures on this page are indicative only and are not an offer of finance or financial advice. Talk to your bank or a financial adviser about your circumstances.
Common questions
All finance is subject to lender approval. Rates, terms, eligibility criteria and lending amounts are set by the lender, not by Solar.co.nz, and change without notice. The figures on this page are indicative only and are not an offer of finance or financial advice. Talk to your bank or a financial adviser about your circumstances.
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