Solar panels require a substantial investment, for which you may not just have enough money in hand. Is it possible to borrow and what does a loan for solar panels cost? Or are there other options than a solar panel loan?
The sustainability loan is a specially created loan that you may be able to request from your municipality. The sustainability loan has the great advantage that the interest rate is considerably less than that of a regular (solar panels) loan. Because a municipality can decide for itself whether and how they offer the sustainability loan, you will have to inquire about the possibilities with your own municipality.
Another financing option that the municipality offers is subsidy. Also with a subsidy it differs per municipality whether and how much subsidy is offered to cover part of the investment for solar panels.
If you register with the Tax Authorities as a solar energy entrepreneur you can reclaim the VAT of the purchase price. As a result, you immediately receive 21% of the purchase price, which is a considerable saving!
Because sustainability is becoming an increasingly important theme, there are several mortgage lenders who encourage energy-saving measures. The good thing about this is that you can borrow an amount in addition to your existing mortgage. Certainly because you can only borrow a maximum of 100% of the value of the home, an extra pot for energy-saving measures is a bonus if you are going to buy a new house.
Solar panels loan
In addition to the above options, it is also possible to take out a personal loan or revolving credit to finance solar panels. With a revolving loan you can withdraw money up to a previously agreed limit, as often as you want. What you no longer need can be repaid extra and possibly taken up again later.
With a personal loan you borrow a one-off amount that you repay in fixed, monthly installments, within an agreed period. You will receive the amount in one go to your account. A personal loan gives you extra security.
Do you want to know more about the possibilities of a personal loan or revolving credit? Do you want to know what a loan for solar panels costs? Good Financee is happy to answer your questions and to look with you at what is possible in your personal situation.