Solar Home Loan
Own your dream home and power it with the sun. Our Solar Home Loan makes upfront solar financing easy by bundling the cost into your home loan – so you enjoy reliable energy, lower electricity bills, and monthly savings that help offset the added repayments.
Some of the benefits
Smart finance
Turn your new home into a smarter investment – bundle solar into your new home loan with no upfront costs
Guaranteed savings
Lower your electricity bills and use the savings to pay off your new bond faster
Top quality
Get high-quality systems backed by Standard Bank with 20 year warranties
Peace of mind
Enjoy predictable costs, reliable power and expert support for years to come
Why solar is your smartest home investment
The earlier you add solar to your new home, the bigger the financial payoff. Here’s why starting now gives you an edge.
Cut your electricity bills
Generate your own power and reduce monthly costs from day one
Boost your property value
Early property market data suggests that homes with solar are more desirable to buyers and can sell faster and at a higher price
Tariff hike protection
Lock in predictable electricity costs and avoid rising power prices
Get exclusive rewards
With a Solar Home Loan you’ll get a R10 000 cashback into the account of your choice after installation to use as you want on setting up your new home. Ts&Cs apply
Power security
Keep your home connected during outages with reliable backup power
Small |
Medium |
Large |
|
|---|---|---|---|
| System | 12 x panels 6kW Inverter 1 x battery |
14 x panels 8kW Inverter 2 x battery |
18 x panels 12kW Inverter 3 x battery |
| Your average electricity bill* | R2 200 p/m (600kWh) |
R3 400 p/m (900kWh) |
R4 700 p/m (1 200kWh) |
| Additional home loan cost** | R1 618 p/m | R2 241 p/m | R2 710 p/m |
| Estimated monthly electricity savings | R1 620 p/m | R2 400 p/m | R3 270 p/m |
| Estimated net savings over 20 years*** | R365 600 | R577 200 | R868 600 |
* Based on a home in Johannesburg, supplied by City Power on pre-paid rates.
** Based on a 20 year home loan with an interest rate of 10.5%.
*** Assuming a 6% annual increase in electricity prices and the same average consumption over the life of the loan.
How it works
Getting started is easy. One application covers your home loan and solar system – simple, seamless, and stress-free.
Request a consultation
Chat with one of our expert advisors to size your solar system and calculate your potential savings.
Home loan application
Once you’re happy, we’ll help you complete your Standard Bank home loan application and send it for approval.
Approve and install
Once your loan is approved and your bond registered, we’ll install your system and confirm your personalised Savings Guarantee.
Enjoy your rewards
After installation, we’ll deposit your R10 000 cash-back straight into your account.
Frequently asked questions about our Solar Home Loan
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Finance
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Solar system
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Property
What is the interest rate and term for the Solar Home loan?
As with all home loan applications, this will depend on your credit rating and your preferred term. Our consultants will guide you through this process.
What if I’m not approved for the extra amount?
We’ll help you find a solar system that fits your budget.
If that’s not possible, we’ll proceed with a standard home loan application.
Can I apply if I want to include the bond registration and property transfer costs in my home loan?
Not yet, but this may be available in the future.
Does the cost of my solar system increase my bond registration costs?
Yes, but Standard Bank covers these costs for you.
Will my monthly bond repayments increase?
Yes, but your electricity savings can offset this.
Can I pay off my home loan early?
Yes, under normal home loan terms.
How does financing a solar system through a home loan compare to a personal loan?
Lower interest rate and longer term, making monthly repayments more affordable – even if total cost of the solar system over time is higher.
What finance options can I use for a home solar installation?
We offer a variety of flexible payment options through Standard Bank.
These include:
- Our fit-for-purpose Energy Loan
- Home Loan-based finance
- Personal lending
- Cash
LookSee’s dedicated Solar Customer Care Team can help you find the best finance option for your needs and budget and put you in touch with the relevant lending team.
What is included in the solar system?
We only use top-quality, Tier 1 components with 20-year manufacturer warranties.
You’ll also benefit from proactive monitoring software, geyser controllers, low-flow shower heads, a once-off R10 000 cashback after installation, and LookSee’s one-of-a-kind Savings Guarantee.
Who installs the system?
LookSee’s bank-vetted installers with a 2-year warranty on workmanship.
Can I use my own equipment or installer?
No, this is to ensure quality and warranty compliance.
Who handles registration with Eskom or the municipality?
We do, including all paperwork and follow-ups until complete.
Is maintenance included?
Yes, for the first two years (monitoring and call-outs). Panel cleaning is not included.
Is the system insured?
You will need to include this in your homeowner’s insurance. We will provide the required documentation such as the supplementary Certificate of Compliance.
Can I upgrade my solar system later?
Yes, with compatible equipment.
How do I monitor usage and savings?
You will have access to a management app showing production, consumption, and savings.
Will the solar system increase my property value?
Yes, early property market data points to homes with solar selling faster and at higher prices.
What happens if I sell my home?
The solar system stays with the property.
We also offer
Get an Energy Loan
Our low interest rates ranging from Prime to a maximum of 6.5%.
Finance offerings
Find out about of finance offerings