Solar Power Finance
Get funding for new solar power systems and switch to solar
Switch to solar without breaking the bank
While you will save money in the long-term by switching to solar power, the intital investment can be pretty steep. The innovative solar rental model provides a viable solar energy finance solution for most property owners in South Africa.
We use an easy to understand rent-to-own model, getting you on the fast track to owning your very own solar power system in affordable monthly installments, without the hefty installation and equipment costs.
Solar Power Finance Simplified
Solar power rental eliminates the financial barriers most individuals and businesses encounter when investigating installing solar power systems.
Benefits of Solar Power
- Drastically reduce your monthly energy bill
- Protect yourself against ludicrous energy price hikes by not being reliant on the grid
- Solar power systems increase the value of your property
- You contribute to the local economy by installing solar power systems on your property through supporting local businesses
- Mitigate the impact of loadshedding on your household, security systems and business
- Good returns on your investment
Step 1: Get a Quote
Contact one of our approved installers for a quote and submit to the lender
Step 2: Apply
Submit your application by filling in the credit application and submit all requested supporting documents. These include:
Completed credit application
3 months latest bank statements (6 months if commission earner)
3 months pay-slips (6 months if commission earner)
Copy of ID
Proof of address
Completed credit application
Latest annual financial statements (AFS) – audited and signed
Recent management accounts if AFS are in excess of 6 months from date of issue
3 months bank statements
Step 3: Sign The Rental Agreement
The next step is signing the master rental agreement where you will agree upon the payment terms, contract length etc.
Step 4: Installation
Your solar power system will be installed according to what equipment and costs were agreed upon in the rental agreement. Once installed and the lender has checked you are happy with the installation, they will request a compliance certificate from the installer and proceed to pay for the installation upon receipt.
You will be notified when the rental period is coming to an end. You can choose to purchase the equipment by paying an additional month’s rental plus 10% of the total installation. Then the system is owned by you. If you do not want to purchase the solar power system, you can notify the lender and they will collect the equipment from your property.
You are eligible to settle your account after 8 months. You can also transfer ownership at anytime during the rental contract.
THE BELOW FORM ONLY APPLIES TO SOLAR FINANCE. PLEASE ONLY SUBMIT THE FORM ONCE AND CHECK YOUR INBOX FOR A CONFIRMATION EMAIL.