solar home loan

If your home has solar panels or you’re planning to get them soon, you can borrow up to $1.5 million at a discounted rate.

If you’re buying a house with solar panels or you’re planning to install them, could have the option for you. Its solar home loan offers a discounted rate and home loan features such as an optional offset account and unlimited redraw.

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Review by

Rebecca Pike is Finder's senior writer for money. She joined Finder after almost four years writing for business publications in the mortgage and finance industry, including three years as editor of Mortgage Professional Australia. She regularly appears as a money expert on programs like Sunrise and Today, as well as across radio and newspapers. She also holds an ASIC-recognised Tier 1 Generic Knowledge certification.

Expert review

As long as your home either has solar panels or you have plans to get them installed soon, the solar home loan offers a great deal. Whether you’re an owner-occupier or an investor, you can take advantage of the loan’s reduced rate.
However, you should bear in mind that it is an introductory offer. The rate will increase after 5 years. As you will be locked into the loan for at least 15 years, you will end up paying the higher rate.

On the plus side, the loan comes with no fees. You won’t pay anything for the application or ongoing fees throughout the life of the loan. However, you will need to pay a fee when you settle or exit the loan.

If you’re interested in an offset account you can choose to have one, but you will pay a slightly higher interest rate.

About this loan

What are the features and benefits of the solar home loan?

  • Loan purpose.The solar home loan is for investors and owner-occupiers who have solar panels on their home or plan to get solar panels installed.
  • Loan to value ratio. You can borrow up to 90% of your property's value for new loans or 90% for refinances.
  • Loan amount.With this loan, you can borrow up to $1,500,000, with a minimum loan size of $50,000.
  • Extra repayments.This loan lets you make extra repayments.
  • Offset account.You have the option of attaching an offset account to your home loan, but at a rate of +0.10%.
  • No fees.There are no application or ongoing fees associated with this loan.

How to apply

To apply for this home loan or learn more about it, click the green button and follow the steps to connect with and start an application.

By filling out some answers on the website, you can find out in just 2 minutes if you qualify for a solar home loan.

You can also start your application online by spending 3 minutes to fill out an online form. You will then be invited to book an appointment with a lending specialist to finalise your application.

When applying for any home loan, there are various documents that you will need to provide to establish your identity, financial situation and details about the property.

Here are some documents that may be required:

Property details. Although you can start an application before you have bought the property, you will need the address and signed contract of sale to complete the application.
Identification. You will need at least 1 form of government ID such as a driver's licence, passport or Medicare card.
Proof of income. To prove you can afford to repay the loan, you will need to provide recent payslips or, in some cases, tax returns.
Asset and liability documents. You need to provide documents showing your current assets (savings accounts or investments) and liabilities (outstanding debts).


To be eligible for the solar home loan, you must:

  • Be over 18 years of age
  • Be an Australian citizen or permanent resident who lives in Australia
  • Be employed either through PAYG or self-employment
  • Have at least a 10% deposit

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    May 24, 2023

    I have property worth 1.8 million. Our loan amount is $830000. My partner earns $110000 yearly & i am on centrelink benefits i get $2300 monthy. Could you please advise what will be monthy installment .

      May 25, 2023

      Hi Kim,

      Your monthly repayments depend on a variety of factors. It’s best to speak to the lender itself to find out your borrowing power and how much your repayments would be.



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