Solar System Finance Solutions
Refinance your car to pay for a solar system
Refinancing your car or movable asset can help to free up cash that you can then invest in a solar system. This system can significantly reduce your electricity bills. The savings can then help to pay for your car. The application process is quick and easy and takes less than ten minutes to complete.
Calculate your solar requirements here
What We Do
Get approved within 3 days
We value your time and understand that the faster we can get your solar installation up and running, the sooner you can start saving on your electricity bill. That’s why we’ve streamlined our application process to ensure quick approvals. With minimal paperwork and swift processing, we make your journey to solar energy quick and hassle-free.
We only deal through reputable dealers
We strive to provide all our clients with clear, transparent information and exceptional customer service. That is why we have elected to only deal with approved reputable solar dealers and certified hardware. We are with you every step of the way, ensuring that your transition to solar power is smooth and rewarding.
We negotiate the best deals for you
We have negotiated the best possible deals with our solar providers in order to make sure that you get the best deal possible. We have a range of pre-approved batteries, inverters, and solar panels to ensure that you have peace of mind.
We get better finance rates
Because of the high volume of transactions that we do we are able to negotiate better deals with the banks.
Financing or re-financing of movable assets
Refinancing your car or movable asset can free up some cash which can be invested into a solar panel system for your home, ultimately saving you money on your electricity bills. Let's dive into how this can work:
Lower Interest Rates and Monthly Payments
If you have a car loan and decide to refinance, you could potentially get a lower interest rate if the market conditions have improved or if your credit score has gone up since you took out the original loan. This means that you could end up with lower monthly payments.
Investment in Solar Panels
Solar Panels are a crucial part of a solar system as this is where you eventually save money. Power from the sun is free and by converting it into electricity you save. Excess electricity can be stored in batteries for use when the sun goes down.
Lower Electricity Bills
Once installed, the solar panel system can generate a significant portion of your home's electricity needs, depending on the size and location of the system. This means that you'll be drawing less power from the grid, which in turn reduces your electricity bills. In some regions, you can even sell excess solar power back to the grid, providing an additional source of income.
Long-term Savings
Although the upfront costs of solar panels can be high, the long-term savings on electricity bills can be significant. Over the lifespan of a solar panel system (which is typically 20 to 25 years), these savings can add up to a substantial amount. Electricity rates are expected to increase annually by 10-15% thus accelerating your savings in the long run.
Step 01
Fill Out The Application Form
It will take you 5 minutes to fill out our online application form. For online safety reasons you will have to register in order for us to verify your email address.
Step 02
Get pre-approved finance
Get pre-approved finance based on the equity in your movable asset. You might qualify for more than you have bargained for which in turn will make it possible to afford the system that's right for you.
Step 03
Place your order
Place your order with one of our pre-approved solar installers. Once you have been approved and completed the paperwork for your solar system your installer will proceed with ordering your solar equipment and book the installation.
Step 04
Installation of the Solar System
Our installers are ready to install as soon as the finance has been approved. As is standard in the industry they are paid a percentage of the total cost as deposit and will only be paid the balance once you have approved the installation and a certificate of compliance has been issued.
FAQ's
Frequently Asked Questions
These are the questions that we most often receive. If you don’t find the answer below please contact us with your question.
We provide the application service free of charge to the client. We receive a small initiation fee from the financial institution to whom we provide the service.
Our services are only provided through approved dealers. We need to make sure that the equipment that you buy will last and that you will be able to receive good after sales service.
Even better. That means that you will certainly have value in the vehicle that can be financed. In this case the process might take a few days longer as the finance company will have to ascertain ownership and inspect the condition of the vehicle.
If the application form is complete and there are no outstanding matters we usually get approval within 3 business days from date of application.
Yes. If you have some cash available and only need to finance the shortfall of an entire system then we can certainly help. If you already have an inverter or battery and only need solar panels then we can certainly also assist.
No catch. Keep in mind that the finance period on your vehicle finance will be extended. On the upside your monthly payments will most probably come down - even WITH the cost of the solar system added into the mix.
If the refinance amount is less than the original amount that you have financed then no. Your monthly payments won't increase. If your refinance total is less than what you originally financed then the payments will be lower.
” By refinancing my car I was able to install a solar system which is saving me R2400 on my electricity bill”
Discover Our Team
Our team of consultants are standing by to assist
If you would like to speak to one of our consultants please complete the form below and we will get in touch as soon as is humanly possible.
We guide you every step of the way
One of our SUNGEN consultants will guide you every step of the way. We are not affiliated with any specific brand or solar dealer. We can assist in your decision making and guide you through the entire solar system buying process.
