---
title: "Is it Worth Getting Your Solar on Finance?"
url: "https://halcolenergy.com.au/solar-news/is-it-worth-getting-your-solar-on-finance/"
site_name: "Halcol Energy"
content_type: "article"
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description: "Solar finance options explained. Can\'t afford upfront costs? Learn how solar financing makes clean energy accessible. Halcol Energy guide."
keywords: "Solar News"
language: "en"
categories:
  - "Solar News"
word_count: 345
reading_time: "2 min read"
summary: "If you’re worried about the seemingly-inexorable rise of your energy bills but you can’t quite manage the upfront costs of installing a solar power system, then one avenue for you may be buying..."
last_modified: "2026-02-23T15:17:21+10:00"
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# Is it Worth Getting Your Solar on Finance?

![](https://halcolenergy.com.au/wp-content/uploads/2018/09/Is-it-Worth-Getting-Your-Solar-on-Finance-1024x683.jpg)

If you’re worried about the seemingly-inexorable rise of your energy bills but you can’t quite manage the upfront costs of installing a solar power system, then one avenue for you may be buying your system on finance.

You may also be averse to taking on a loan, especially if you’re already paying a mortgage and a credit card bill, as well as all your other monthly expenses.

But stop and think for a moment – if you’re buying a solar power system on finance obviously you’ll have to pay it back every month, but that system will be saving, and possibly even earning, money every month!

## Talk to a local installer about finance options
The best people to talk to about finance for a solar power system might not be the ones at your bank! Very often, personal loans for home improvements have high interest rates – up to 14% in some cases – so over five years you could pay more than $4,000 on a $10,000 loan.

Many [local solar installation companies](https://halcolenergy.com.au/), however, work with finance companies that specialise in green home improvements and can offer attractive terms and rates of interest – possibly around 6%, which means just $1,500 or so in interest over five years (on the $10,000 loan).

## Helping people to help the environment
After all, if the high cost of a bank loan is putting you off, then it makes sense to look for an alternative option that benefits everyone – you, the installation company and the lender. The $10,000 loan used as an example involves a monthly repayment of $194, compared to $235 per month with the bank loan.

This saving is significant in itself, of course, but what you mustn’t forget is that your electricity bills will suddenly become a lot smaller each month! You may even be able to sell excess electricity back to the grid, which could net you a small profit and once you’ve paid off your loan, you’ll be in the money. Maybe not a huge amount, but you certainly won’t be worrying about your energy bills any more!


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_View the original post at: [https://halcolenergy.com.au/solar-news/is-it-worth-getting-your-solar-on-finance/](https://halcolenergy.com.au/solar-news/is-it-worth-getting-your-solar-on-finance/)_  
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