Save Money With Two Dirty Words

Posted by
Alex
Feb 09, 2018

The opportunity to instantly save money and start investing in the sustainability and value of your home is dangling right in front of you - you just have to grab it. But brace yourself, because the solution is made up of a couple of 'dirty' words - personal loan.

If there’s one thing we all hate, it’s paying electricity bills. There’s nothing worse than opening up the letterbox only to see the logo of a big energy company staring back at you. We growl, we sigh, we cry, but we inevitably just accept these bill burdens as a fact of life.

Well, it’s time to question that ‘fact’. The opportunity to instantly save money and start investing in the sustainability and value of your home is dangling right in front of you – you just have to grab it.

 

Sound too good to be true? Well, it’s not. But brace yourself, because the solution is made up of a couple of ‘dirty’ words – personal loan. Ok we can feel you recoiling already, but if you can manage to put your unconscious bias aside for a moment, you may find a big bag of cash waiting for you at the end of this article!


We Aussies are complex beasts. We will avoid paying interest at any cost, yet we routinely throw away our money to big energy companies willy-nilly. We’ve been conditioned to think that bills are inevitable but interest is avoidable.

 

So, let’s cut to the chase here – you can save serious money by taking out a personal loan to go solar. We’re not talking about savings in the ‘long run’, we’re talking about more cash in your pocket from day dot.

 

Let’s crunch some numbers based on an average South Australian household:

 

 

The average household in South Australia is paying electricity bills at around $824 per quarter. The same household could pay off a solar and battery system on their home for around $481 per quarter, which would instantly reduce their electricity bills to around $110 per quarter. That’s an instant saving of $233 per quarter.

 

The best part? The price of solar never goes up, after a few years you have no payment and free solar power, and you can have power during a blackout.  Try getting that deal from your energy company!

 

On top of instantly saving money, you will be investing in the value of your home. Imagine listing your home for sale and being able to tell potential buyers “say goodbye to your energy bills!”.

 

So, which would you rather - donate your hard earned money to the fat cats at big energy, or invest in the self-sustainability of your home?
 

Of course, if you have the cash laying around to invest upfront on a solar system, that’s great! But, if you have other priorities for your savings, a personal loan is a great way to go.

Think of it this way:

  • Paying electricity bills = like paying rent to a landlord
  • Paying off a solar system = like paying a mortgage

You have two choices - either fork out dead money, or use the same money to invest in an asset.


But, this model won’t always work. It will only work if paired with the following elements:

  1. You invest in a solar and battery system at a great price
  2. You secure a loan at a fair rate

 

So, now to shamelessly plug ourselves – we’re proud to say that we’ve forged the perfect partnerships to get you the best possible deal as part of our Sydney Community Solar Program.

 

ShineHub uses group buying power and pre-negotiated discounts to bring down the price of solar systems for everyone who purchases through us. Amazingly, our deals on top quality solar and battery systems start at $9,999 or just $28/week.

We’ve partnered with Bank Australia to offer stellar personal loan packages for our Sydney Community Solar Program. The loan is for up to 10 years at 7.89% unsecured and has a $0 application fee, no ongoing account keeping fees, and no penalties for buying it out early. For comparison’s sake, an average personal loan rate at the moment is around 12.9%!

And on top of that, Bank Australia has a strong community and environmental focus which is also very important to us.

Want to get access to these amazing deals? Register for one of our Community Solar Programs here: https://www.shinehub.com.au/sydney

We hope to see you there!

About the Author

Alex 1 followers

Alex is a home energy expert with experience across virtually every area of the industry, ranging from energy efficiency and smart home gear to the latest solar and battery technologies. As co-founder of ShineHub, he is responsible for delivering the best digital experience in the industry for customers as well as managing customer-facing communications.

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