Finance
FM SOLAR Finance
Complete the form below for more information or to apply for finance
Your solar power system payback time averages about 5-15 years.
With commercial properties, this drops to 4-6 years because they rely more on daytime availability.
3-phase houses will have the investment payback in about 7 years.
How quickly it pays back depends on available upfront and ongoing incentives, the price of electricity and how much your initial investment was.
With battery-less systems, you can save 35-50% on your electricity bill.
Systems with batteries save you 80-90%.
The best way to buy solar panels is with cash.
Benefits of paying cash:
- Avoid paying interest
- Avoid loan fees
- Avoid ongoing admin
- Don’t need a qualifying credit score
If you pay cash, you will ultimately save a tremendous amount of money over the solar power system’s lifespan.
THERE ARE MULTIPLE WAYS TO FINANCE A SOLAR POWER SYSTEM
Homeowners can:
- Finance through FM Solar: contact us to enquire on the financing options we have available.
- Finance through a home loan.
- Access other unsecured lending options.
- Bank loan.
- SERA (Solar Energy Rental Agreement) also known as a PPRA (Power Purchasing and Rental Agreement)
- Sharia Compliant Structure
By financing your solar-energy solution, the minimal increase (added charges) will be offset by the decrease in the monthly utility bill. The quicker you pay off the loan, the sooner you can have the benefit of saving electricity charges.
For many homeowners, financing their solar power system is absolutely worth it.
By paying off the solar power system, you can enjoy the same perks of system ownership without the high cash layout.
There are many benefits to installing a solar power system for your home: Decreased electricity bills, lower carbon footprints and potentially a higher home value.
These benefits come with installation and maintenance costs.
The results can vary widely from one building to another.
Once you have paid for your solar power system you will essentially be getting your electricity for free.