Not so long ago, solar panels were still very expensive and also not very cost-effective. But times have changed and now it is very worthwhile to equip your house with solar panels, then it is not so strange anymore if you want to borrow money for solar panels. Even in the not always sunny Netherlands it is nowadays worthwhile to have it installed.
The panels have not only become a lot more compact in a short time, but because they are now being produced in large numbers in China, the price has fallen enormously. With a relatively small investment, you can provide your own house with electricity completely independently of energy companies.
Borrow money for solar panels
You have decided to delve into solar panels for your home, but what amount should you take into account and what credit is involved. We can be brief about the credit to be chosen, or you take out an extra mortgage, but that is not really logical, because the amount to be borrowed is not really suitable for that, or you take out a personal loan . The personal loan is well suited for this, fixed interest, fixed term and fixed monthly repayment.
What does it cost for my house
If we assume an average power consumption of 3500 kwh, then you can finish with 16 solar panels. This number ensures that you do not have to purchase electricity from an energy supplier and that you can even supply electricity to the electricity company in the event of overproduction, does not yield much, but it is better than paying.
An important question is of course what the payback period is, a few years ago it was still more than 15 years old, not really very interesting of course. These days the number of years you need to recoup your investment is between 6 and 9 years. Regarding the costs, you can roughly take into account an amount between 5,000 and 10,000 euros. These amounts depend on which peripherals you are going to take, there are major differences in this.
Is there only one type of solar panel
Just like with everything else, you have to make choices again, because there are different types of panels that are suitable for certain types of houses, I will name a few.
Polycrystalyne – The cheapest of its kind, don’t look so good, but they do a good job.
MonoCrystalyne – Slightly more expensive, delivering higher returns.
MonoCrystalyne High performance – If you have little space for places, then these are suitable because of the high efficiency.
AllBlack monocrystalyne – More beautiful than the panels above, high yield per square meter.
SolarFrontier – If you have enough space and you want the highest return, choose this option.
Which to choose
You can determine your choice depending on your house and in particular the roof. It is advisable to have the company where you order the panels also do the installation, then you know for sure that the installer knows what he / she is doing.
So which loan should I take out?
If you do not have any savings yourself, you can take out a personal loan. A handy amount would be 10,000 euros, because then you still have a little leeway when something is wrong or when unexpected costs come around.