Solar makes the most financial sense when you can pay for your system up front. Not having to pay interest on a loan means you get the full benefit of your savings from day one.

How to pay?

If you need a solar electric system, but haven’t got the funds right now, financing can help.

Finance Now for residential installs

You can apply for a loan to cover your purchase at McNae Energy and Solar. The application form is quick and easy to complete. 20 minutes later you’ll know if your loan has been approved. Our finance options offer competitive interest rates, flexible terms and payments to suit your pocket. You can try this quick calculator to see how much your repayments would be if you financed your system through Finance Now.

Qik Calculator
Loan Amount
Term (months)
Interest Rate
Booking Fee
Monthly Service Fee

Adding to your mortgage

If it’s going to take more than a few years to pay your system off with Finance, then we recommend that you try to add the cost to your mortgage. Most banks are very willing to provide a top up to your loan—especially as they will know that the solar is helping to repay your mortgage.

Energy Ease for commercial installs

McNae Energy and Solar has partnered with Energy Ease so that your business can afford the solar system you need to save on your power bills.

Here’s why our payments plans make so much sense.

  • Free up capital with $0 upfront.
  • For equipment valued at $3K to $5M.
  • Up to 7 year terms.
  • Instant pre-approval (for loans up to $150K).
  • Competitive rates.

You'll enjoy lower power bills as soon your system is up and running. And for many businesses, these savings are often greater than their monthly payment plan instalments. Your business could be cash-flow positive from the start.

Grants and subsidies

Unlike other countries, the New Zealand government does not provide any incentive to install solar power. The reason is simply because our electricity system is 85% generated by renewable energy. The government is not focussed on electricity as the sector to reduce our greenhouse gas emissions. For residential customers we know of two options for assistance at the moment.

  • Kiwibank offer a sustainable energy mortgage top-up that gifts $2,000 towards your system. Click here to view details of this.
  • Westpac will top-up your mortgage with up to $10,000 interest free for five years. Click here to view details.

If you are a charity, a community group, or a school, then you may have other options for funding. It may pay to make application for grant funding especially as funding providers may appreciate the benefit to your bottom line and the sustainability hallmark that comes with solar.

Talk with Us

Contact us today for a FREE assessment

Family owned, we are one of the larger electrical contracting businesses in Palmerston North with 100% local ownership.

We are happy to discuss our potential involvement in any project you may have.

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