As seen on Open Homes Australia Season 4 and Australia’s Best House Season 3
Based on 1,501 reviews
Based on 260 reviews
Based on 33 reviews
Sounds too good to be true, right?
In every other situation I have seen, ‘interest-free’ means increasing the price of the upfront cost by 25 per cent.
Every situation except for Nectr’s latest offering.
Nectr wants to lock you in as an electricity customer, so they’ll lock into today’s competitive electricity rates for the next 3 or 5 years. If for any reason you want to leave Nectr’s locked-in competitive prices, you just have to pay off the loan – with no exit fees or penalties.
Fill in the form below and we’ll gladly provide you with a solar quote and explain Nectr’s incredible deal in more detail.
Let’s say a Solar company wants to sell you a $10,000 system ‘interest-free. An interest-free loan from Certegy will cost the Solar company about 25 per cent on top of their usual price.
So instead, the solar company would be forced to charge you $12,500 and pass on a huge $2,500 of your money to Certegy. To add insult to injury, Certegy will charge you, the customer fortnightly AND monthly fees for the duration of the loan.
‘Interest-free’ is almost always misleading and unethical.
Here’s how it works. Nectr is a relatively new electricity retailer (like Origin or AGL). Nectr’s parent company is part of Hanwha Group, a Fortune 500 Korean company that also owns Qcells solar panels. To gain market share, Hanwha Group is backing Nectr with the finance for genuine interest-free loans. A $10,000 solar system will cost you $10,000. MC Electrical receives $10,000 in full from Nectr, and you’ll pay only $10,000 off over 3 or 5 years.
Nectr is a multi-award-winning 100% carbon-neutral retailer that has exclusively chosen MC Electrical to share its latest energy retail product:
Locked-in* great electricity rates
Nectr’s rates are one of the most competitive** in today’s market if you have high energy consumption and you don’t feed a lot of solar energy back to the grid. And despite power prices increasing, Nectr will LOCK IN* your rates for the duration of your loan!***
No interest, no fees… no really!
Sign up with Nectr’s energy plan, and you can pay your solar off over a 3-year contract period***. Add a battery to your solar and Nectr will extend the term to a 5-year contract period.
Get paid with Nectr’s Virtual Power Plant (VPP)
If you also purchase a battery, you’ll join Nectr’s upcoming VPP. More details to come in the second half of 2023. Meanwhile, Nectr will pay a $10 per month VPP bill credit and when the VPP is fully operational, you may take part and earn additional revenue depending on the energy dispatched.***
*Nectr would only be able to vary your energy prices when that cost variation arises from a future or expected change in the law that affects the costs incurred in selling you energy. Examples of previous change in law events include a new government levy to support ambulance services. We would provide you with advance notice of any variation in your energy prices.
**Canstar Blue’s Compare Energy Plans 16 Nov 2022 (canstarblue.com.au/energy).
***If you want to leave Nectr, you will be required to pay off the remainder of the loan with no exit fees.
Visit our showroom in Eagle Farm, Brisbane and discover what’s possible for your property.
© Copyright 2024 MC Solar & Electrical Pty Ltd. All rights reserved. Site by White Peak Digital