Solar Payment Options: Cash Vs. Payment Plan

When it comes to solar payment options you are spoiled for choice with EFS Solar. Solar installation is a significant investment, regardless of how you pay for it. Understanding your options helps you make the best financial decision for your situation.

Option 1: Pay Cash Upfront

Paying for your solar system outright is the most financially straightforward option. The main advantages are:

Maximum long-term savings: No interest costs, so your return on investment is highest.
Immediate ownership: The system is yours from day one.
Simplicity: No ongoing monthly payments to manage.

The typical payback period for a cash-purchased 6.6kW solar system in New Zealand is 3–5 years, after which you're generating power at essentially zero cost.

Option 2: Solar Payment Plan ($0 Upfront)

EFS Solar offers $0 upfront payment plans that allow you to go solar today without any out-of-pocket expense. Here's how it works:

No deposit required: Your system is installed immediately with no upfront cost.
Fixed repayments: You pay a fixed amount each month, typically less than your current electricity bill savings.
Positive cash flow from day one: In many cases, your monthly solar savings exceed your repayment amount, meaning you're ahead financially from day one.

Which Option is Right for You?

The best option depends on your financial situation and goals:

If you have savings available and want to maximise your long-term return, cash is king.
If you don't want to use your savings or prefer to preserve cash flow, a $0 upfront payment plan lets you start saving immediately with no financial strain.

Government Rebates Apply Either Way

Regardless of how you pay, you're eligible for the federal Small-scale Technology Certificate (STC) rebate, which significantly reduces the effective cost of your system. This rebate is applied automatically at the time of purchase when you use an approved installer like EFS Solar.

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