South Africa is no stranger to power outages, with
loadshedding becoming an all-too-familiar occurrence in recent years. The good
news is that solar energy provides an eco-friendly and efficient solution to
the problem. Not only does it reduce your carbon footprint and save costs on
energy bills, but it can also increase your property's resale value. That's why
many South African households are embracing solar energy, and the FirstRand
Group (FNB) is at the forefront of financing this solution with their Solar
Energy Loan.
How does the FNB Solar Energy Loan work?
The FNB Solar Energy Loan is designed to finance the installation of a renewable energy system with added value such as discounts of up to 20% on solar solutions from approved providers (LTM Energy, Erinite Energy, Averge Technologies or Ingwe Projects & Consulting).
Here's how it works:
- Apply for a solar energy loan to be added to your
MortgageMarket home loan application.
- FNB values property higher to cater for the installation
& purchase of solar energy systems and will register a higher mortgage
bond.
- Must purchase renewable energy solutions from an approved FNB-preferred supplier list to qualify for the loan.
To apply for the Solar Energy Loan, you'll need to provide
an invoice or quote from an FNB-approved renewable energy solution provider, as
well as approval from trustees of the body corporate or managing agent if the
sectional title.
Terms and conditions apply.
Refer to the detailed terms and conditions on the FNB website for more information.
In conclusion, the FNB Solar Energy Loan is a great option
for South Africans looking to finance the installation of a renewable energy
system. With eco-friendly benefits and potential cost savings, solar energy is
an investment in your home and your future.
