FAQs

Frequently Asked Questions

 

Why Classic Clean Energy Finance?

What is a Residential clean energy finance?

Who can finance through Classic Clean Energy Finance?

What can be financed?

How much can a homeowner finance?

How much does it cost?

Can a homeowner apply for a residential agreement directly, or do they need to use an accredited supplier?

What are Government rebates for clean energy systems?

What are feed-in tariffs?

What happens if a you want to sell your house or exit the agreement?

What happens at the end of the agreement?

How do homeowners apply?

 

Why Classic Clean Energy Finance?

We have over 20 years of experience in delivering hassle free finance solutions- our expert clean energy team provides:

  • A quick and easy application process
  • Australian based customer service team
  • Choice of payment terms to suit any budget
  • A range of Approved Vendor Partners Australia wide
  • Simple process for installation and paying for a clean energy solution

What is Residential clean energy finance?

Put simply – it’s an affordable way for Australian homeowners to acquire clean energy technology for their homes, and start saving on their utility electricity bills.

  • No deposit required
  • Spread the cost over 2 to 7 years
  • Choose monthly payments to suit your budget
  • Protects households against rising electricity costs

Clean energy solutions can be expensive and often homeowners do not have the cash upfront to purchase a product outright.

With a residential Loan and Own agreement*, households can spread the cost of a solar system over 2 - 7 years , enabling them to manage their money by selecting a payment term that suits their budget. Better still, there are no costly upfront payments. In many cases, the savings on energy bills may cover the costs of the monthly payments*.

And at the end of the agreement when the clean energy assets have been paid for, all benefits including savings generated are free!**

* Credit is provided by Classic Clean Energy Finance Pty Ltd ABN 84 145 265 103 which holds Australian Credit Licence number 434863.

** Any estimated costs detailed in a Classic Clean Energy Finance Pty Ltd quote, proposal, calculator or any other medium, are indicative only and not guaranteed. Estimated savings do not take your particular circumstances into account. You are not automatically eligible for this loan. Approval criteria and terms and conditions apply. If approved, a $199 inc GST Establishment Fee and a $5.50 inc GST Monthly Administration Fee is payable. Other fees and charges ,may also be payable. You will be advised of the actual interest rate, total amount payable, and other fees and charges if your application is approved. No guarantee or warranty of any of the potential savings is provided.

Who can finance through Classic Clean Energy Finance?

Homeowners who are looking to reduce utility energy costs can finance through Classic Clean Energy Financ.

To quality for finance, an applicant must:

  • Own and occupy the property where the system is to be installed
  • Be an Australian citizen or permanent resident
  • Be at least 18 years old
  • Have a good credit history
  • Pay their electricity bills on time

What can be financed?

Homeowners can finance a range of clean energy assets including:

  • Solar Photo-voltaic (PV)
  • Solar Storage and Standalone Technology
  • Hot Water including Hybrid Systems
  • Roof Ventilation
  • Insulation
  • Wind Turbines

How much can a homeowner finance?

Classic Clean Energy Finance can offer finance to residential customers for clean energy assets valued between $2,399 to $50,000.*

How much does it cost?

Use our handy online calculator and quote tool to get an estimate of the indicative monthly payments. Simply enter the amount to be financed and select the finance term.

Can a homeowner apply for a Residential Clean Energy Finance agreement directly, or do they need to use an Approved Vendor Partner?

We suggest you speak with one of our Approved Vendor Partners first who can help you find the right clean energy solution for your home.

Once you have decided on the clean energy system, you can submit an application through our online application form for Residential clean energy finance.

What are Government rebates for solar power?

Government solar power rebates are still available for both Solar PV and Solar Hot Water.

Typically solar power systems attract Small Scale Technology Certificates (STC's) under the Federal Renewable Energy (Electricity) Act 2000. Further information on STC’s is available at www.cleanenergyregulator.gov.au.

Speak with one of our Approved Vendor Partners for expert advice about your requirements and a recommended solution.

What are feed-in tariffs?

If an eligible solar system generates more power than the home uses, the surplus power is fed back into the electricity grid.

A feed-in tariff will reimburse households for surplus electricity that is generated by the solar system and fed back into the electricity. Availability of feed in tariffs vary by state to state. For more information see the Australian Government Clean Energy Regulator website.

What happens if a homeowner wants to sell their house or exit the finance agreement?

We understand that circumstances may change. That’s why customers have two easy options:

  • They can simply request a payout figure from Classic Clean Energy Finance Customer Care Team on 1300 780 895 and exit the plan, or
  • If the home is to be sold, ask us about assigning the finance agreement to the new homeowner (Assignment is subject to credit eligibility criteria and needs to be approved by Classic Clean Energy Finance).

All Residential Clean Energy Finance agreement payout figures are based only on the remaining principal balance, not future interest (Early termination fees may also be payable).

What happens at the end of the finance agreement?

No further payments to Classic Clean Energy Finance are required. No balloon payments, no residual amounts, no catches. All the benefits from the system are free, for its remaining life.

At the end of the finance agreement when the system has been paid in full, households will be generating free electricity or using less electricity from the grid for the remaining life of the system.

How do homeowners apply?

  1. Homeowners can speak with one of our Approved Vendor Partners to find the right solution for their household.
  2. Homeowners can apply online here!
  3. If approved, the finance documentation will be emailed to the homeowner.
  4. Once the homeowner has signed the finance documentation, the installation can be scheduled.

* Credit is provided by Classic Clean Energy Finance Pty Ltd ABN 84 145 265 103 which holds Australian Credit Licence number 434863.

** Any estimated costs detailed in a Classic Clean Energy Finance Pty Ltd quote, proposal, calculator or any other medium, are indicative only and not guaranteed. Estimated savings do not take your particular circumstances into account. You are not automatically eligible for this loan. Approval criteria and terms and conditions apply. If approved, a $199 inc GST Establishment Fee and a $5.50 inc GST Monthly Administration Fee is payable. Other fees and charges ,may also be payable. You will be advised of the actual interest rate, total amount payable, and other fees and charges if your application is approved. No guarantee or warranty of any of the potential savings is provided.