Are you weighing up solar installation in NZ but worried about the upfront cost? Youβre not alone. The good news: more Kiwis than ever can access tailored finance options to make installing a solar system at home affordable and hassle-free. Hereβs a clear summary of whatβs available, and how to find the best fit for your home.
Why Finance Solar in NZ?
Solar installations are more affordable than ever, and thanks to record-high power prices and innovative banking products, families can beat rising bills while shrinking their carbon footprint. Instead of waiting years to save up for residential solar panels and batteries, use finance to start saving on energy costs today, often with repayments that are offset by your monthly bill savings.
Bank Green Loans and Mortgage Top-Ups
NZβs big banks now offer attractive βgreen loanβ packages for solar and other energy-efficiency upgrades. Key options include:
- ANZ Good Energy Home Loan: Up to $80,000 at 1% p.a. fixed for three years. For solar and other eco-home upgrades. Must be a new or existing ANZ home loan customer, eligibility and T&Cs apply.
- ASB Better Homes Top Up: Up to $80,000 for solar, insulation, or heat pumps. 1% p.a. fixed for three years. Requires minimum home equity and quotes for solar panel installation in NZ.
- BNZ Green Home Loan Top-Up: Up to $80,000 at 1% p.a. fixed for three years for a range of green improvements (including solar, EVs, batteries).
- Westpac Greater Choices Home Loan: Up to $50,000 interest-free for five years for solar, electric vehicles, and home energy upgrades. No establishment fees or hidden costs. Flexible terms for repayment planning for your solar panel system for home.
- Kiwibank Sustainable Energy Loan: Existing home loan customers can borrow $ 5,000 or more for solar or other renewable energy systems. Kiwibank contributes up to $2,000 across four years towards your repayments (structured as $800 in year one, then $400 annually for the next three years), plus, thereβs no loan top-up fee.
Interest-Free Consumer Finance: Q Card & Mastercard
Consumer credit options offer flexibility if youβd rather keep your mortgage untouched. AA Solar 48-Month Interest-Free Offer: In partnership with Q Card, AA Solar customers can finance residential solar systems and solar installation in NZ over $10,000 (or RV/holiday home installations over $5,000) with four years of 0% interest. Minimum payments apply, and there are standard fees.
Table: Compare Top Residential Solar Finance Options NZ (2025)
| Provider | Max Amount | Rate/Term | Purpose | Notable Benefits |
|---|---|---|---|---|
| ANZ | $80,000 | 1% p.a./3 yrs | Solar + green upgrades | Fixed low rate, large loans |
| ASB | $80,000 | 1% p.a./3 yrs | Solar + home upgrades | Fixed low rate, flexible |
| BNZ | $80,000 | 1% p.a./3 yrs | Solar, EVs, Insulation | Green bundle, easy top-up |
| Westpac | $50,000 | 0% p.a./5 yrs | Solar, EV, insulation | Interest-free, no fees |
| Kiwibank | $2,000 Contribution | 4 years | Solar & renewables | Bank covers part of cost |
| Q Card/AA Solar | $10,000+ | 0% p.a./4 yrs | Residential solar | Consumer loan, no mortgage needed |
Key Points Before You Apply
- Most bank finance products require you to use a SEANZ-accredited installer and supply a written quote for your solar power system.
- Interest rates and eligibility criteria are subject to change; please confirm details directly with your bank or financial provider.
- With Q Card options, timely repayments are crucial. Clear your balance before the interest-free period ends to avoid high interest charges.
- Solar financing isnβt just about cost; itβs about achieving energy independence, sustainability, and adding value to your home in the years ahead.
Ready to Get Started?
AA Solar offers tailored solar solutions and access to the leading finance deals in New Zealand for 2025. Get a personalised quote for solar installation in NZ and see which finance option best suits your home and budget. Harness the sunβs potential, affordably and sustainably.
For details or to discuss your options, contact AA Solar team today.
Frequently Asked Questions
Learn more about the many popular finance options available in the country to keep you guided.
Is it worth getting solar in NZ?
Yes. Solar power installation in NZ can significantly reduce electricity bills and provide long-term savings. With rising power costs and lower panel costs, there is a solid ROI within years.
Can I install solar panels myself in NZ?
Solar installation in NZ must comply with strict electrical and safety standards. Thatβs why only a licensed installer can connect your system to the grid legally and safely.
How long do solar panels take to install?
Installing solar panels typically takes one to three days, depending on your system size and roof type. Larger or more complex projects may take up to a week.
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