Solar Equipment Finance

Understanding Solar Panel Equipment Finance

Solar equipment finance provides the necessary funds to help businesses invest in solar energy solutions. Whether you’re looking to reduce your carbon footprint, save on electricity costs, or both, solar panel financing can make it possible.

Go Green

Embrace sustainability and reduce your environmental impact by switching to solar energy. Solar panel financing supports your journey towards greener, cleaner energy, helping you to make a positive difference for the planet.

Who Can Apply?

Businesses of all sizes, from small enterprises to large corporations, can apply for solar panel loans. Whether you're a startup looking to establish eco-friendly operations or a large company aiming to cut energy costs, there are solutions available to suit your needs.

Critical information sheet

Our loan guide

Solar Equipment Finance

Loan amount

Starts from $10k

Interest rates from

From 7.99% p.a

Loan term

Up to 60 Months

Pre-approval time

12-24 hours

Unconditional approval & settlement time

2-3 business days

Repayments

Weekly / Fortnightly / Monthly

Security

Secured against solar panels installed on the roof. May not require real estate security in most of the cases.

What you need to know

Documents required

No Doc: Up to $150k

IDs

Privacy Consent

Asset/Liability position

Supplier’s invoice/quote (if available)

Documents required (low doc approval)

Low Doc/Lite Doc: Up to $250k

In addition to No doc loans, the following docs may be required: Last 6 Months bank statements

Documents required (full doc approval)

Full doc: Loan > $250k

In addition to No doc/ Low Doc loans, the following docs may be required: Financials, ATO Portals, BAS Statements

Benefits

Go green

Save on electricity costs

No upfront cash flow stress on the business.

*The information provided in critical information sheet is intended as a guide only. Please contact us for more information.

Have questions? Speak to our experts!

1300 253 041 Apply Now

What you should know about Solar Equipment Finance

When considering a solar loan, it’s important to understand the terms, interest rates, and repayment schedules. This type of loan often comes with flexible terms designed to align with the savings you’ll achieve from reduced energy costs.

Have a Question?

Our team of experts is here to help. If you have any questions about solar panel loans, feel free to reach out to us. We’re here to guide you through the process and help you make informed decisions.

Contact Us

Ready to learn more or apply? Contact us today! Our friendly and knowledgeable staff are available to assist you with any queries and provide tailored advice.

Key Features of Solar Panel Finance

Flexible Repayment Terms: Align your repayments with your energy savings.

Competitive Interest Rates: Enjoy rates designed to make solar investment affordable.

Fast Approval Process: Get the funding you need quickly to start your green project.

Custom Financing Solutions: Tailored packages to fit your specific business needs.

How to Get the Best Rate for Solar Equipment Finance

To secure the best rate for solar equipment finance, consider the following tips:

A better credit score can lead to lower interest rates.

Don’t settle for the first offer; shop around to find the best terms.

Don’t be afraid to negotiate the terms to better suit your financial situation.

Timing your investment can sometimes result in better rates or incentives.

Property backed clients are offered better rates as there’s no rate loading applied for no property ownership.

Benefits of Solar Panel Finance

Go Green, Clean Energy

Investing in solar energy is not only good for the environment but also enhances your company’s reputation as a responsible and sustainable business.

Save on Electricity

Reduce your reliance on traditional energy sources and lower your electricity bills. Solar power loans can significantly cut operating costs, leading to substantial savings over time.

Immediate Savings

Start saving on energy costs immediately after installation. Loans for solar installation can be structured to match the timeline of your energy savings.

Hassle-Free Process

We handle all the paperwork and keep you informed every step of the way, making the application process smooth and straightforward.

How do I apply for a solar equipment finance?

Submit Application

Preapproval

Choose the right asset and supplier

Finalize the financing and Settle

Take delivery of your asset

Commercial vs Residential property loan

Commercial loans are not the same as home loans, and they have some important differences. Here are some key differences in a snapshot.

Start loan application

Commercial Property Loan

For business entities to purchase a property for business use

Usually up to 80%, though this varies from lender to lenders depending on the nature/product

Generally higher than residential property loans

No Doc: Up to 3 years | Lease Doc/Full Doc: Up to 30 years

Residential Property Loan

Made for individual borrower to purchase a residential property as a primary place of residence or for investment purposes.

Usually up to 95% with the inclusion of lender's mortgage insurance.

Generally lower than commercial property loans

Up to 40 years

Why should you choose Broc Finance?

In a short tenure, Broc Finance has helped Australian businesses, especially the SMEs to secure diverse financing options and facilitate the same via credible lenders. We have a robust network that comprises the top lenders in the country. Our accessibility to varied business loans makes it easy for businesses to get the kind of financing that’s best suited for them.

Tailor made options

Being a small business owner, many of our clients are not sure of right loan product for their businesses. Our lending specialists understand their needs and recommend tailor made options.

Personal Consultation

Unlike business loan marketplace websites which use AI based algorithms to match your requirements, we provide obligation free personal consultation as every business is different and an AI based algorithm may not provide them the optimum solution.

Competitive Pricing

We endeavour to achieve the optimum business loan solution for our clients at the most competitive pricing possible.

Clear communication

We understand the essence of time so don’t believe in wasting our customers time by giving false hopes. Transparent and clear communication is in our DNA.

Real results with real people.

56+ customer reviews

5.0

Niteesha Nagowah

We had an incredible experience working with Saroj from Broc Finance. He is incredibly knowledgeable, responsive, and guided us through the purchase of our company vehicle with expertise. The attention to detail and commitment to finding the best possible options truly set him apart. Highly recommend his services for anyone navigating the complexities of obtaining a finance. Thank you again for outstanding assistance.

Manpreet Kaur

Our sincere thanks to Saroj ji & his team for their invaluable assistance in securing the loan. We are extremely greatful for his exceptional service & support throughout the process. Highly recommend!

Matthew

Broc Finance were awesome…really responsive and solutions focussed. We especially appreciated having a broker who was an advocate for our interests when engaging with lenders.

Ibrahim Alpay

Saroj and his team is amazing have been using him for business funding for over a year he has found surprising solutions when others couldn’t make it happen very skill full with negotiating high loan amounts that I would never expect at wonderful terms and rates look no further I recommend broc finance for your business lending purposes look no further and don’t think twice much appreciated won’t go to any other broker at all many thanks to his team !!!!!!

vishal srivastava

We have used Broc Finance over last 2 years for various business line of credits and vehicle loan. Broc finance have been very professional in this journey. They have understood our needs as business and catered the solutions as per requirement . They look around in market and get one the best financial solution for the business be at vehicle of line of credits . I would strongly recommend the business for there services

Nasir sabiry

Thank you very much in helping me with financing a car SAS. You have been very professional and responsive every time I needed information. Fully recommend to any looking to finance a car.

Tajinder Kumar

For those seeking a trustworthy and dependable financial broker, I would like to recommend Broc Finance. While their fees may be slightly higher compared to other brokers, I found that their personalized approach made it worth it. Broc Finance took the time to understand my specific needs and goals and tailored their services accordingly. Additionally, their prompt availability to answer any questions or concerns was greatly appreciated. Overall, if you're in search of comprehensive and professional financial advice, Broc Finance is an excellent option to consider.

Ajay Kanumuri

I would strongly recommend. Saroj Shah helped to get my loan with in span of three days. He was very supportive and clearly explained the loan process.

Have questions? Talk to a specialist!

Read our FAQs 1300 253 041

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Frequently asked questions

Solar Loans: Borrowing money to purchase and install a solar energy system, with repayment typically spread over several years.
Solar Leases: Paying a monthly fee to use a solar energy system owned by a third party.
Power Purchase Agreements (PPAs): Buying the electricity generated by a solar system at a set rate per kilowatt-hour, with the system owned and maintained by a third party.
Solar Investment Tax Credits (ITCs): Federal or state tax credits that reduce the cost of solar energy systems.

With a solar lease, you can install a solar energy system with little to no upfront cost. The leasing company owns and maintains the system, and you pay a fixed monthly fee for using the electricity generated. This can be a good option if you don't have the capital for a solar purchase or prefer not to take on a loan.

Yes, businesses can significantly benefit from solar financing. Commercial solar installations can lead to substantial energy cost savings, offer tax benefits such as accelerated depreciation, and enhance a company’s sustainability profile. Financing options for businesses include commercial solar loans, leases, PPAs, and specialized financing programs designed for large-scale solar projects.