Interest-Free Solar Financing

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INTEREST-FREE

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.

  • Certegy interest-free: $10,000 Solar will be quoted at $12,500 plus fortnightly and monthly fees.
  • Nectr interest-free: $10,000 Solar will cost you $10,000. 

Permanently Crush Your Electricity Bills with Solar

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.

Queensland electrician showing family tesla solar battery

Call 3268 3836 or Request A Callback For A Free Quote

The Interest-Free Scam Explained

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.

Nectr’s Interest-Free Offering Is The Real Deal.

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.

Solar Panels Brisbane

Nectr is a multi-award-winning 100% carbon-neutral retailer that has exclusively chosen MC Electrical to share its latest energy retail product:

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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 exit fees icon

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.

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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.

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