Solar Panel Loans

With utility costs increasing across Australia, many homeowners are looking to solar energy to power their homes. However, installing solar panels to harness the sun’s energy comes at a cost. A solar panel loan from Red Tree Finance can help you cover a portion (if not all) of your installation costs. These personal loans offer a quick and hassle-free way to access the money you need so that you can make the switch to solar power sooner.

The upfront cost of solar panel installation can significantly impact your household budget, with $5000 being a common starting figure for a smaller system. You may be eligible for Government rebates that reduce the overall upfront cost, but even with those discounts factored in, the initial expense is still quite high for most homeowners. A cash loan to install solar panels can help you with much of that upfront cost, so you can arrange installation now without draining your bank account.

With a loan of up to $5000, you can fully or partially cover any of the following solar panel costs:

• Installation and labour costs
• Inverter upgrades or replacements
• Battery storage additions
• Electrical switchboard upgrades
• Connection and inspection fees
• Monitoring equipment and smart meters

Applying for solar panel loans with Red Tree Finance is easy. The entire process is online and takes just minutes. All you need are documents that prove your age, employment, citizenship or residency and ownership of an unencumbered and registered vehicle.

Solar panel installation has the potential to bring remarkable energy cost savings to your house, but the process can be expensive. With a solar panel loan from Red Tree Finance, you can fast-track that installation and start taking advantage of those cost savings sooner rather than later

Apply online in five minutes

Complete our online application form in about as much time as it takes to order and receive your coffee. Make sure you have your payslips, bank statements, ID and car registration details with you when you apply. 

Get a decision within two hours

As soon as we receive your loan application form, we’ll get a member of our Australian-based loans team to assess it and provide you with a decision within two business hours of submission. If Red Tree Finance approves your solar panel installation loan, we’ll transfer the funds directly to your account within one business day, and you might receive it within an hour (depending on your bank).

Set your repayment schedule

You can set your repayment schedules to coincide with your regular pay cycles, whether it’s weekly, fortnightly or monthly. So you can meet your obligations on a timeline that suits your schedule.

Red Tree Finance complies with strict responsible lending regulations and will only approve loans that we believe the borrower can comfortably repay. So you don’t need to worry about committing to repayments you can’t afford.

Read our full Responsible Lending Statement

The information provided here is of a general nature and is provided without considering your specific objectives, financial situation, or needs. It is intended for informational purposes only and should not be relied upon as financial, investment, or other professional advice.

Before making any financial decisions or taking action based on the information presented, you are strongly encouraged to assess its appropriateness in light of your individual circumstances. Red Tree Finance does not intend to provide personalised financial advice, and you should seek independent financial, legal, tax, and other relevant advice tailored to your unique situation.