Solar panel loans made simple

Low rate solar panel loans from
6.50% p.a. (comparison rate
10.11% p.a.)* Now that’s simple.

solar panel loans
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Enjoy a low rate solar panel loan that is 100% made for you

We reward your good credit history with even better rates ensuring the loan you end up with has been personalised to you in every way.

Flexible loan terms from 3 years to 7 years for loans between $2,001 and $45,000. Use funds to consolidate debt, renovate, travel and more.

No early repayment fees because nobody has ever said ‘yes please’ to fees.

Low Rate Personal Loans

Getting a solar panel loan is as easy as 1, 2, 3.


Takes 1 minute and won’t impact your credit score


Takes 5 minutes and can conveniently be done online


You may be instantly conditionally approved


Funds will be transferred directly to the installer

You’ve got questions we’ve got answers.

What is a solar panel loan?

A solar panel loan is a form of unsecured personal loan that you can use to invest in a renewable power source for your home. Solar panel loans allow you to purchase solar panels, pay for their installation, and, if the loan amount is sufficient, invest in related technologies such as home batteries.

Why consider a solar panel loan?

Over the past decade, the popularity of solar panels in Australia has grown consistently. Government figures show that approximately 3.5 million rooftop solar panels were installed by businesses and homes in 2017 alone. By the end of 2018, the number of homes with rooftop panels had hit 2 million.

Solar panels can help homeowners reduce their ecological footprint, but there are more immediate benefits too: according to the Clean Energy Council, homes with rooftop solar panels save an average of $540 per year on their electricity bills.

If you’re looking for a flexible way to invest in solar panels, a personal loan with Plenti will offer you competitive rates, consistent repayments, and, best of all, an affordable way to make your home more sustainable.

How does a solar panel loan work?

A solar panel loan works just like a personal loan. That is, you borrow a specific amount of money and then pay it back with interest over an agreed term. To qualify for a personal loan, you must submit an application and agree to a credit check that takes into account your borrowing history, employment status, credit score, and other factors.

What are the benefits of a solar panel loan?

Personal loans, including solar panel loans, allow you to enjoy a lower interest rate than you would receive with a credit card and also offer a consistent repayment schedule. Many personal loans give you the flexibility to make early repayments, allowing you to reduce the length of your loan and minimise the amount you pay in interest.

What can I use a solar panel loan for?

You can use a loan to purchase a range of solar panel products. It’s important to note that not all solar panel products are eligible for a green loan (or government subsidy). Renewable energy products must meet strict standards of efficiency and performance. To find out if a specific product is eligible, it’s best to consult your green loan provider.

Green loan providers usually work with an approved list of product suppliers, installers, and other contractors. Ordinarily, the approved contractor will carry out work on your property and then submit their invoices directly to the green loan provider. This means that you can avoid borrowing any more than you need. Instead, you repay only the cost of the product itself plus interest. Green loans tend to have terms that are comparable to those of personal loans: for example with Plenti, you can pay your green loan back over three to seven years.

We’ll pay funds into your nominated bank account on the next business day following your loan acceptance. This gives you the flexibility to manage and pay for your green costs any way you like.

How much does a solar panel loan cost?

Solar panel loans generally have three components that that affect the total cost over the life of the loan:

  • the interest rate (this may be fixed or variable)
  • a one-time establishment fee
  • ongoing fees (such as account maintenance fees, late payment fees, and other charges)

These costs are often combined to create a comparison rate that represents the total price of a loan. This allows you to compare different solar panel loans to find the one that best suits your needs.

For an overview of fees and charges (including interest rates) associated with Plenti’s green loans, see the table below:

Personal Loan Rates, Fees & Charges
Term3 YearYear 4Year 56 Year7 Year
Loan TypeFixed Fixed Fixed Fixed Fixed
Interest Rate 6.50%



Comparison Rate*from 10.11% from 8.27% from 8.55% from 8.55% from 8.74%
Credit Assistance Feefrom
Monthly Feesfrom
Early Repayment Fees$0$0$0$0$0

*Comparison rate for 3 year loans are on an unsecured renewable energy loan of $10,000 over a 36 month term. Comparison rates for 4, 5, 6 and 7 year loans are based on an unsecured renewable energy loan of $30,0000 over a 60 month term. Comparison rates shown assume customer with an excellent credit history. Rates current as at 11am, 24 November 2020. Warning: This comparison rate applies only to the example or examples given. Different amounts and terms will result in different comparison rates, Costs such as redraw fees or early repayment fees, and cost savings such as fee waivers, are not included in the comparison rate but may influence the cost of the loan.

Am I eligible for a solar panel loan?

Plenti provides unsecured green loans to Australian residents. Save time before applying by making sure: 

  • You are aged 21 or over
  • You are an Australian citizen or permanent resident
  • You have a regular source of income that you can demonstrate
  • You have a good credit history

To see if you may qualify for a Plenti solar panel loan, you can get a RateEstimate – it only takes 1 minute, and won’t affect your credit score. If you request a RateEstimate, we will ask you a few questions so we can calculate an initial estimate of your borrowing potential, and the rates, fees and charges that may apply to your loan.

In making a final decision, we consider a number of factors, including your credit file as provided to us by Equifax and/or Illion, our credit bureau partners. If you would like more information regarding your credit file, you should contact Equifax and Illion directly.

What do I need to apply?

To apply for a solar panel loan, you will need to complete our identity verification process successfully, as well as considering how suitable a solar panel loan is to your current circumstances.

To complete identity verification you will need to provide one or more of the following documents:

  • Australian State or Territory-issued drivers licence
  • Australian or foreign passport
  • Address verification document such as a utility bill or tenancy agreement

These details can either be entered on our website during the application process and automatically verified online or you can upload or email them to us at

When assessing your application, we are looking for evidence of how suitable the loan is to your current circumstances and the purpose for which you require funds. Among other things, we’ll assess your:

  • Employment stability;
  • Income;
  • Expenses;
  • Repayment history;
  • Credit bureau information; and
  • Other details you communicate to us.

Representative example: Based on $10,000 loan with a 36 month term for a borrower with a excellent credit history at a comparison rate of 6.50% p.a. the estimated total amount payable including all applicable fees is $11,630. Plenti green loan repayment terms range from a minimum of 3 years to a maximum of 7 years. Interest rates start from 6.50% p.a. (comparison rate 10.11% p.a. to 8.74% p.a. based on your term). Rates are subject to change depending on the rates offered by lenders in our Lending Markets. Rates stated as at 11am, 24 November 2020 and are subject to change. Plenti credit criteria and terms and conditions apply.