Exploring Solar Financing Solutions in New Brunswick
At this point, most of us have heard about all the benefits of “going solar,” but it doesn’t always feel like an attainable change.
Sure, when you consider the savings a solar system can provide you, it sounds worth it, but may still feel out of reach financially. So let’s talk about the different financing options available in New Brunswick when you go solar with Sunly, and how affordable it can be!
Why finance?
As we mentioned, going solar is often assumed to be very expensive. For many people, this is their main deterrent in going solar. What if we told you that you could go solar AND save money… even while you’re paying for the solar system? No I’m not teasing you with an impossible hypothetical, this is the reality for many of our clients. That is why financing is a game changer.
Don’t just take our word for it, listen to our clients!
Should I finance or pay cash?
Maybe you’re on the opposite end of the spectrum, you are ready to buy a system without needing any financing solutions, should you pay cash?
While this is certainly something we accept, it’s always a great idea to explore your options. Perhaps an interest free, 10 year loan with manageable payments makes more sense for you, so you can invest that lump sum elsewhere, make a return on it, and pay for your system slowly over those ten years. We’re happy to chat about all your options!
Types of Financing
So what are the options?
Thankfully, these days, there are many different options available to finance a home solar system!
Loans
0% Financing - Greener Homes Loan
New Brunswick homeowners can access the interest free government loan for up to $40,000, on a payment term of ten years.
Greener Energy Loan from Banks
Some banks, like RBC, offer alternative financing options, but these are not interest free.
Government Incentives
If you thought the 0% loan was the best the government could do, you haven’t heard about the $5,000 grant you New Brunswick homeowners can qualify for! We’ll chat about that in the next section.
If you choose to go solar with Sunly, we will be here for you through designing your system, installation, and after care.
We have ample experience with the Canada Greener Homes Loan, and can advise on how to complete this process.
Government Incentives
On top of the Canada Greener Homes Loan, the federal government offers a grant of up to $5,000 for going solar!
That’s right, an extra $5,000 in your pocket when you go solar!
The provincial government of New Brunswick is helping out too, by knocking off up to $3,000 on the cost of a solar system! Yep, they’re offering $200 per kW on a new solar system.
With all of these government incentives, there’s never been a better time to go solar!
Is solar worth it?
Now we know how affordable going solar with Sunly is, you might be wondering if solar is worth the hassle. Let’s run the numbers!
You have questions, we have answers!
What types of solar financing are available in New Brunswick?
New Brunswick offers several solar financing options, including loans and leases. Each has its benefits, and our experts can help you choose the right one for your needs.
Are there government incentives or rebates for solar projects in New Brunswick?
Yes, New Brunswick provides incentives and rebates to encourage solar energy adoption. We can help you navigate these programs to maximize your savings.
How can solar financing help me save money on my energy bills?
Solar financing allows you to switch to solar power without a significant upfront investment. By generating your own electricity, you can reduce or eliminate your monthly energy bills, saving you money over time.
What's the first step to exploring solar financing options with Sunly Solar?
The first step is easy! Click the "GET A FREE SOLAR ASSESSMENT" button below, and our team will reach out to discuss your solar financing options and answer any questions you may have.
Have any questions we didn’t cover? Maybe we have an answer on our faq page, click here to read more. or give us a call!
