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.
A cash-purchased solar system in New Zealand typically pays for itself well within its warranted lifetime, for many households, inside a decade, 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.
Green Loans Can Help Either Way
New Zealand doesn't have a national solar rebate, but several major banks offer low- or zero-interest green loan top-ups specifically for solar and battery systems. Whichever way you decide to pay, it's worth asking your bank what green lending options are available first.
Get a Personalised Quote
EFS Solar's team will walk you through the options that best suit your budget and energy goals. Contact us today for a free, no-obligation quote with a full financial breakdown of your expected savings and payback period.