A third of Australian households have solar panels
If you’re one of the hundreds of thousands of Australians looking to install rooftop solar panels, it might be worth comparing top-rated green personal loans to help fund your goal.
Almost a third of Australian households now have solar panels, according to a recent ABC News article.
Recent figures from the Clean Energy Regulator (CER) noted that the number of rooftop solar installations increased in 2021. While the CER said there was typically “a lag of up to 12 months in notification of new units”, it was planned to reach 380,000, with a total capacity of 3,200 for this period.
As interest in green renovations continues to grow, you may be wondering how best to finance the installation of solar panels on your home.
One option to consider is a green personal loan. This type of personal loan was created by lenders to specifically finance the purchase and installation of sustainable or “green” products, such as solar panels.
It should be noted that green loan providers generally offer more competitive interest rates for this type of loan to encourage borrowers to make more sustainable choices.
There are several green personal loans available in the market, but comparing all these options to find your best loan can be time consuming. That’s where RateCity’s rankings come in.
Our rankings rank green loans in the market using our real-time ratingsMT system. Each personal loan is given a rating out of five stars, based on the costs and flexibility of the loan. Unlike other rating systems that rate their products once or twice a year, Real-Time RatingsMT the results are calculated in real time. This means that you get the most recent score for your comparison.
(Rankings correct at time of publication. Please note that lenders may swap places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)