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How It Works:
Solar Fund Finance
Our Solar Fund offers long loan tenors with competitive fixed rate interest periods for solar PV upgrades to existing commercial buildings. With terms of up to 20 years available, your project could be cashflow positive from day one – with your savings exceeding repayments.
Our expert team can work with you and your solar installer to find the perfect term that maximises your savings and cashflow.
Don’t be scared of the longer finance term – Solar Fund’s unique structure mean that the finance is secured by the land, not the owner, so that if the property is sold, the solar system and the finance stay with the property for the new owner to benefit from.
A form of Environmental Upgrade Finance, our Solar Fund does what other financial products simply can’t, and helps businesses realise their dream of saving money and generating their own electricity.
Up to 100% project finance, including hard and soft costs
Terms of up to 20 years
Competitive interest rates with predicable quarterly repayments
Loan fully transferrable upon sale of building
No additional personal security required
Repayments can be shared with tenants without renegotiating lease
Financing your solar project with Solar Fund is surprisingly easy.
Engage a solar installer to scope and quote on the works. To work with an SAF endorsed partner, have a look here
Our expert team will work with you to match a Solar Fund term that maximises your business cashflow
Project is greenlit, and your business, local council and SAF sign an Environmental Upgrade Agreement (EUA)
Up to three progress payments can be made and down payment refunded to customer
A fixed Environmental Upgrade Charge (EUC) will be sent with your next local council rates notice
What Can be Funded?
Any type of business can apply for Solar Fund, provided:
Council supports environmental upgrade finance
Building is on rateable land
Primarily a non-residential property
Upgrade has a measurable environmental benefit
This includes Agriculture, Commercial Office Building, Tourism and Commercial and Industrial properties.
So long as the works have a measurable environmental benefit, they will likely qualify.
Our new Fast Track Green loan will deliver more speed, greater flexibility, and extra choices for our customers.
+ Accelerated approval: With our Fast Track Green Loan, eligible businesses can secure up to $200,000 without the need to submit financials for faster approvals.
+ Fixed and Variable Rate Interest Options: All our eligible businesses can now choose an SAF green loan, including out Fast Track Green Loan with either a fixed or variable interest rate, providing the flexibility in funding you deserve.