A Solar Photovoltaic system harness the sun’s free energy and reduces your power bill. This is performed through solar panels which create power from light generated by the sun during the daytime. The panels produce energy which is transferred through an inverter to create electricity which can be used by all electrical appliances in your house. It’s important to note that it doesn’t need to be hot to produce solar energy – just light.
Solar could benefit you financially if any of the following apply:
- Your power bill is more than $200 per month
- You have a hot water cylinder
- You have a spa pool or swimming pool
- You are home during the day
The main reasons homeowners install solar is to reduce their power bill, add value to their home, and to help out the environment.
Savings vary from home to home but check out this page to find out more – https://ecoefficient.co.nz/what-do-i-save/. For the life of your loan, solar can be a cost neutral decision and your monthly repayment can be close to what you are saving! Once your loan is paid back you’ll save even more. Of course, every situation is different so please get in touch for a free quote.
The HBRC loan scheme is over a 10-year period.
You make a monthly repayment by direct debit.
HBRC charges a 4% interest which is included in the monthly repayments.
If you sell your house, you’ll have to pay the loan back upon house settlement.