Free Solar Loan Calculator Below
Calculate your monthly expense with or without solar
Free Solar Loan Calculator Below
Calculate your monthly expense with or without solar
Article
By Hanno Labuschagne – 28.08.2024
In the past, extending a home bond payment with the cost of a solar system or taking out a loan would mean it would take seven to ten years for the system’s cost to be paid off and for it to start delivering net savings.
However, in the past few years, solar panel, inverter, and battery prices have plummeted, and grid electricity prices have jumped so much that the “return-on-investment” period has shrunk to zero months for many households.
That means, even when factoring in the cost of a solar system paid off on a loan, a household will see net savings in their budgets from initial installation.
This big shift is clearly illustrated in a useful modelling tool developed by Eon De Koker, a qualified electrical and electronic engineer and CEO of Techsolutions.
Free Online Solar Loan Calculator
Check out our easy to use Solar Loan calculator
What it does
Calculates the following from your average usage.
- An estimated cost of a solar solution
- The cost electricity usage with and without solar.
- The loan repayment amount (number of years and rate)
- Reflects the estimated monthly savings
How to use the finance calculator
- Enter your estimated monthly unit used from Eskom – select next
- Select your rate and period follow the next button
Solar Loan Calculator
Try our free calculator below