Start by understanding how much power you need and when. Do you just need panels for day time supply? Or will you also need a battery for power at night? Once you have an idea of the solar system you require, do some research online and contact various solar installation companies to obtain a quote. This can be helpful to compare costs and decide which company is best for you.
Discounted rate
Whether you already have solar or plan to add it*, get rewarded with a discounted home loan rate for 5 years.
Simple & quick
Just provide us with an invoice or quote* for your solar installation as evidence of the solar panels.
Flexible repayments
Choose from principal and interest, or up to 5 years of interest-only repayments.
Responsible lending
As one of Australia’s largest lenders, Firstmac has a commitment to the environment and the long-term sustainability of housing in Australia. Energy costs are rising globally and so is our carbon footprint. That’s why we are proud to have created our new low-interest-rate Solar Home Loan to help in the fight against climate change.
Responsible lending isn’t just a financial responsibility, it is a social responsibility to the community in which we live.
Documents
Climate Bonds
| Issuance | Pre-issuance assurance opinion and verification protocol | |
|---|---|---|
| FMFT No. 4 Series 2024-3PP |
Pre-Issuance Verification Protocol |
Key Features
Properties with Solar
You must provide us with an invoice or quote for your solar installation as evidence of the solar panels. If providing a quote, we must receive an invoice to confirm installation within 90 days of your loan settling. This document must confirm your solar system has been installed on the property secured against your loan, and must also show the Kw size of the solar system
$0 fees
No ongoing fees
Unlimited repayments
Ability to make unlimited additional repayments to your loan, without any fees
Unlimited redraw
You can access any additional payments you make to your loan with a free redraw facility
Visa debit card
If you opt to add an offset sub-account facility, you can take advantage of our free Visa debit card and unlimited free transactions
What is a Solar Home Loan?
Want to help the planet, and yourself? Solar panels already reduce your energy bills. Now, they can also cut your home loan interest rate and repayments too. Apply for our Solar Home Loan to enjoy a lower interest rate for the first 5 years when you have solar panels, whether installed now or later.
Got solar panels? Now you can save on even more than just cheap energy bills. Apply for the Solar Home Loan and get a discount on your home loan when you need it most, now.
Want solar panels? Eliminate the hurdle of paying upfront. Add the purchase cost to your mortgage, then cut your energy bill immediately as you pay the purchase off over time.
Use our calculator to check if your solar panels qualifies you for the Solar Home Loan.
Eligibility
You must provide us with an invoice or quote for your solar installation as evidence of the solar panels. This document must confirm solar panels are for the security property on your loan application, and the size of the solar system. The solar system must produce a minimum amount of kilowatts relevant to your property energy usage, as determined by our Solar Home Loan Calculator. If you provide us with a quote, your quoted solar installation must be installed within 90 days after settlement of your loan.
FAQs View All FAQs
Things you should know before applying for a Solar Home Loan
Customer reviews
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Rose from customer service assisted me on my first finance payment recently, she was friendly and helpful. She is a great asset to the team and represented Firstmac to a high standard. Thank you!„
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I recently had the pleasure of dealing with Firstmac, and I can't say enough about what a great experience I had! I had a few questions about their products/services, and they took the time to provide thorough answers, offering personalised recommendations that truly suited my needs. Their knowledge and enthusiasm were evident, which made my decision-making process so much easier.„
“
I recently dealt with Firstmac, and I couldn't be more impressed with the experience! The entire process was incredibly easy and seamless from start to finish. They offer competitive rates and a wide range of products, making them an excellent choice even as a non-conforming bank. A special shoutout to Kelly Wright, who was absolutely fantastic to deal with. I highly recommend Firstmac to anyone looking for great service and tailored financial solutions!„
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