If microinverter solar systems cost the same amount of money as string inverter solar systems, everyone would install microinverters. There is no central point of failure, their independent design makes for better performance monitoring and repair, and they are exponentially safer.
But the price is high when you compare the two. We know that. When our solar experts chat with potential customers for an initial consultation, it’s the only point of resistance they encounter.
Enter the green loan from Plenti.
At Penrith Solar Centre, we’re working with Plenti to meet the unique energy needs and goals of our customers. Plenti aligns with the needs of our customers. Together, we’re working to reaching Net Zero by 2050.
In this article, you will learn:
- What is a Green Loan?
- Who is Plenti?
- What Are the Eligibility Criteria for a Plenti Green Loan?
- Things to Consider Before Signing Up with Plenti
By the end of this article, you might even be ready to move forward with us in helping Australia move to renewable energy solutions. You might even save a bit of coin too.
What is a Green Loan?
In Australia, a green loan is a type of loan designed to help people finance environmentally friendly projects, like installing solar panels or making energy-efficient upgrades to their homes. These loans encourage individuals and businesses to invest in renovations that benefit the environment.
Green loans typically offer favourable terms and conditions compared to traditional loans, making them an attractive option for those looking to reduce their carbon footprint and save money.
One of the main benefits of a green loan is that it often comes with lower interest rates than regular loans. This means that borrowers can save money on interest payments over the life of the loan, making it more affordable to invest in green projects.
Some green loans may offer longer repayment terms, allowing borrowers to spread out the cost of their renewable energy upgrades over a longer period. This can help make the monthly payments more manageable and fit within a household budget.
Many green loans also have streamlined application processes, making it easier and quicker for borrowers to access the funds they need for their environmental projects. This can help speed up getting started on solar panel installation or other green initiatives.
Who is Plenti?
Plenti is a green peer-to-peer lending organisation that has been transforming the renewable energy marketplace in Australia. They offer green loans to Australians who are interested in renewable energy solutions.
They offer flexible financing that make it easier for customers to afford solar panels. They provide competitive interest rates and repayment terms, making it more affordable for people to invest in renewable energy.
If you’re interested in learning a little bit more about Plenti, you might want to spend some time reading up about them on their website’s About webpage.
What Are the Eligibility Criteria for a Plenti Green Loan?
To qualify for a Plenti Green Loan, you must meet the following four criteria:
- Be over 18 years old.
- Be an Australian citizen or permanent resident.
- Have a valid driver’s licence, Medicare card, or Australian passport.
- You’ll need good credit to get approved.
That’s it!
Things to Consider Before Signing Up with Plenti
- Green Loan Type: Unsecured (it doesn’t require anything upfront).
- Early Exit Fee: None.
- Interest Rate: 7.99%
- Loan Amount: $2,001 – 45,000
- Loan Term: 3 – 10 years.
- Monthly Fee: $8.99
- Establishment Fee: $350
It’s Not Easy Being Green (Loan)
Now you know a little about financing your solar investment through a green loan. Plenti is a peer-to-peer lending organisation that offers green loans to Australians looking for renewable energy products. There are a few requirements, but as you can see, they aren’t insurmountable.
At Penrith Solar Centre, we’re doing everything we can to help Australia and the world move to Net Zero by 2050. Working with Plenti to help you get solar up on your roof is an option that many will want to consider.
If you’re interested in learning a little bit more about the cost and value of solar systems, you might want to check out the following article titled, What is the Payback Period for Solar Panels in Australia?
