Benefits of Solar and Energy Finance

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Lower Interest Rate

Get a discount of up to -0.20%* interest on your solar loan.

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Save Big

Beat load shedding and save on electricity costs.

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Competitive Quotes

Save more with renewable energy solutions from Versofy’s competitive rates.

Power up in seconds

  • What you get

    • Save on electricity costs
    • Reduce your electricity bill
    • Save the environment: reduce air pollution by generating your own electricity from the sun
    • Beat Load Shedding
    • Keep the lights on for a fraction of your current costs with alternative power solutions

  • Absa Solar & finance loans

    Financing through Personal loans

    • Personal loans Qualify for a personal loan of up to R350 000 with flexible terms up to 84 months with the best interest rate guaranteed
    • Bounce Back Personal loan Get a personal loan of up to R300 000 for all your solar energy needs capped at an interest rate of prime +2.5%
       

    Financing through home loans

    • Home loan Qualify for a 0.20% Absa Solar Loan concession on your variable interest rate for a solar solution through a home loan Readvance or further advance.

  • Who qualifies

    Financing through Personal loans

    • Earn a regular monthly income of at least R2 000 per month
    • Have a bank account into which your salary is paid
    • Be 18 years or older
    • Must have an invoice\ quotation from an accredited solar provider
       

    Financing through home loans

    • Existing Absa Home Loan customers who have been granted a Further Advance or Re-Advance under a secondary account.

  • How to get it?

    Visit absa.co.za/private-wealth/contact-us

    Contact your dedicated Banker– Contact Private Assist: 0860 553 553

Partner Packages to get you started

  Versofy GROW SPARK Versofy CHARGE SPARK Versofy MAX 1 Phase SPARK Versofy 3 Pro Phase SPARK
Number of Panels 8 10 14 14
Battery Type Silver Package 6.4kw- Battery Bronze Package 9.6kw- Battery Bronze Package 9.6kw- Battery Pro Package 16kw
Inverter 1 1 1 1
Inverter Sungrow 6kw 1P Hybrid Inv Sungrow 8kw 1P Hybrid Inv Sungrow 10kw 1P Hybrid Inv Sungrow 15kw 3P Hybrid Inv
  R 112, 999 R150, 999 R174, 999 R 224, 999

Frequently asked questions

  • What is the Bounce Back Solar Loan?

    This is part of government’s efforts to encourage electricity generation and reduce the impact of loadshedding on the country. Also aims to incentivize the installation of rooftop solar solutions in South Africa.

  • Who can apply for a Bounce Back Solar Loan?

    Property owners or individuals who have permission from the property owner to install a rooftop solar system.

  • How long will the Bounce Back Solar Loan be available?

    Government has opted to put an expiry date on the availability of the loan scheme. This means individuals only have until 4th June 2025 to apply.

  • What can the Bounce Back Solar Loan be used for?

    For households that are unable or don’t want to finance a solar installation through their home loan, the Bounce Back Solar Loan offers several benefits that would not be available under normal circumstances.

    • Low interest rate: get personalized interest rates up to a maximum of prime plus 2.5%
    • Flexible terms: choose to repay your loan between 12 months to 5 years
    • Full system financing: choose to cover the full cost of your solar installation. Loans range from R3 000 up to a maximum of R300 000

    Government has opted to put an expiry date on the availability of the loan scheme. This means individuals only have until 4th June 2025 to apply.

  • Does Absa provide a guarantee for my solar installation?

    No, Absa does not provide a guarantee for the product. Guarantees and warranties on solar hardware and installation are at the sole discretion between you and your solar provider. Absa would only provide provision for financing your rooftop solar solution through the Bounce Back Solar Loan.

Need more help?

For more information visit our Self servicing tools

Contact us:
Call us on : 0860 111 123
Cellphone Banking dial: *120*2272#