Financing solar panels with fixed monthly charges
Many people are busy making their own homes more sustainable. Good for the environment and good for your own bank account - after all, making your house more sustainable often saves you a lot on your energy and / or water bill. Solar panels are one of the most popular options here. Logical, because they are not only a good investment, they are also becoming more efficient and affordable! Often you have the investment out in 6-8 years, and then you have free electricity from your own roof. But having it installed is a considerable investment. This quickly costs more than 5000 us dollars. Are you unable to pay this from your savings, or would you rather not? Then a responsible loan is a good solution!
Borrow money for solar panels
If you invest in solar panels, you invest in the future. You save on your energy bill from the first day that the panels are on your roof. But it does cost a considerable amount to have the solar panels installed. Not everyone has more than USD 5,000 available in their savings account, and not everyone wants to pay the full amount of their savings - for example, because you want to keep a reserve in your savings account. For that reason, there are loans on the market that are excellent for financing your solar panels. Our experts are happy to help you make the best choice.
Why a loan with M-Credit?
- You can borrow from us from 3.5% interest, the lowest in NL!
- Our customers give us an average rating of 9.2
- You can easily request a quote for free via our website
- Your entire loan amount to your account within two working days
- Much cheaper to borrow than through a supplier of solar panels on installment
What kind of loan suits your solar panels?
These three types of loan are common when borrowing for solar panels: increasing the mortgage , a revolving credit and a personal loan. Usually you cannot just increase your mortgage to pay for something - next to your house -, but solar panels are one of the exceptions. This is partly because you will immediately start saving on your energy bill, and you can continue to pay the higher mortgage costs with those saved costs: it is therefore a safe investment for a bank. But a mortgage does run for a very long time, much longer than the average personal loan. Some people prefer to pay off their solar panel loan faster and therefore opt for a different loan form.
Then we come to a Continuous Credit : here you agree an amount with the lender, as it were. Within that amount you can borrow and repay unlimited. You determine interest on the 'borrowed' amount within the agreed maximum amount. You pay off such a revolving credit in monthly installments, which includes both the (variable!) Interest costs and the repayment of the loan amount. The term of such a revolving credit is variable, just like the interest. This loan form is best for a renovation, where, for example, you not only need money for solar panels, but also for an extension or a new basement.
In many cases, a Personal Loan fits better with solar panels. With a personal loan you borrow exactly the amount you need, for a fixed term and a fixed interest. So you will never be faced with unpleasant surprises! The shorter the term, the higher the monthly amount, and vice versa.
5x why a personal loan is often the smartest solar panel loan
- Fixed interest, so the costs of your loan will not increase unexpectedly
- You can borrow exactly the amount you need for the solar panels
- The personal loan has a fixed term, so you know exactly when you have paid off your loan
- You can make extra repayments so that your loan is paid off faster, without this resulting in a fine
- You will receive the loan amount for the solar panels in your account after 2 days
Request a free quote!
Calculate yourself what you could borrow or what the loan for solar panels would approximately cost you? Click here and use our free calculation tools. This way you get an idea yourself what a loan for solar panels would mean in your situation.
M-Credit tips when borrowing money for your garden
There are different types of solar panels on the market, with many different providers with different conditions. In addition, you sometimes also have various options for funding. That is why it is important before purchasing to read up online and find out what the most advantageous and sustainable options are for you. For example, there is an extra favorable 'netting scheme' until 2023: from 2023 you will receive less money back for the energy you generate.
Some energy suppliers have a better feed-in tariff than others, so that is also worth finding out in advance so that you can switch if necessary. No subsidy has been agreed nationally, but some municipalities do! And finally: read very carefully about your supplier. Make sure it is well known and easily accessible; 'factory warranty' means less if you have to knock on two continents further.
Request a free quote!
Via Calculate in the website menu you can quickly and conveniently calculate which monthly installment or term suits your garden loan. Would you like to ask a question about financing or just request additional information without obligation? Call 813-339-6809 , request a quote or fill out our contact form. You can take out a loan for your garden inexpensively, transparently and without any problems with M-Credit!