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Making Solar affordable: financing & incentives

  • Writer: Karik x10
    Karik x10
  • Sep 26
  • 2 min read
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Welcome back to our renewable energy Q&A series!

In Part 7, we explored how community solar and peer-to-peer energy are expanding access to clean power. But for many households, one big question remains: “How can I afford to go solar?”

In this instalment, we’ll break down the different ways to finance a solar system and the incentives that can make the transition easier. From government grants and rebates to solar loans and understanding payback periods, we’ll explore the practical side of making solar energy affordable.


Government Grants & Rebates

Many governments offer financial support to encourage renewable adoption.

These can include:

  • Upfront grants to cover part of installation costs.

  • Tax credits or rebates that refund a percentage of your spend.

  • Feed-in tariffs where you earn for exporting excess power.

👉 Always check your local programs as incentives can make a huge difference.


Solar Loans vs. Outright Purchase

  • Outright purchase: higher upfront cost, but maximum savings over time.

  • Solar loans: spread the cost, often with fixed monthly payments.

  • Leasing or PPAs (Power Purchase Agreements): pay only for the energy you use, but don’t own the panels.

👉 Choosing the right approach depends on your budget, savings goals, and whether you plan to stay in your home long-term.


ROI & Payback Periods

Solar is an investment — and like any investment, you’ll want to know when it “pays back.”

  • Typical payback: 5–10 years (varies by region and incentives).

  • After that, your electricity is effectively free (minus maintenance).

  • Pairing with storage can extend savings and resilience.


Choosing the Right Option for You

When deciding how to finance solar:

  • Consider your energy needs and roof potential.

  • Factor in local incentives.


Incentives can make a huge difference for you during the process of investing into Solar PV. Reaching out to our team at Kendrick Renewables to learn more, whether that be for the sake of your decision or to be more-informed of your options is an idea worth considering.


Next time: we’ll look at Battery Storage and the role it plays in your Solar Energy System



 
 
 

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