Buying solar panels is always a good investment. In the long term, you always get that investment back and it immediately brings you money. Do you not have enough savings to purchase solar panels? No worries! You can always borrow money for solar panels. The personal loan is the most suitable for this because the interest on a personal loan is deductible in a home for sale. The Home Financer can provide you with extensive information about this.
Your personal loan
It might not surprise you, but if you are looking for a suitable loan to be able to purchase solar panels, you will usually end up with the personal loan. This is a loan where the loan amount is always paid out in one go. You determine yourself in how many months you will pay off the loan. You can spread the repayment over several years. However, we recommend that you keep the duration as short as possible, because you will incur fewer costs. The personal loan is a very transparent form of loan; you know exactly how much the loan will cost you in total. After all, the interest is fixed during the term and the term is also fixed. You pay the same amount in installments and interest each month.
Is the interest tax deductible?
The interest on personal loans is deductible if you use it for the renovation or maintenance of your home. The Home Financer can tell you what applies in your case!
Special solar panel loan
A little search will teach you that there are also special solar panel loans. Whether such loans are a good choice is the question. A loan advisor from Fet Home Financer can also advise you extensively on this. Fill in the request form on our website or pick up the telephone and one of our loan advisors will be happy to help you.
Calculate total savings
Of course you save on electricity costs immediately after installing the solar panels. Solar panels provide you with a direct saving. Even before you take out a loan, it is wise to calculate what your total savings are. You pay interest on your loan and you have to add this interest to the costs of the solar panels to be able to calculate what your total electricity saving is.