Launching Australia’s largest independent solar and battery scheme

RateSetter has joined forces with Australia’s largest solar and battery installer Natural Solar and property developer Mulpha to provide 220,000 Norwest and Hills District residents access to economical solar and battery systems, with easy monthly payments.

Reduced power bills and renewable households are now a reality for eligible residents of the Norwest and Hills District. Under the new Smart Home Battery Scheme, homeowners may save up to $4,000 on the purchase and installation of home solar systems and battery storage solutions – indicatively, homeowners will pay just $16,990 for a 5kW solar system paired with a 10kWh battery system.

Families crying out for reduced costs

It’s anticipated the scheme will lead to a $2,200 reduction in household energy bills per annum and reduce carbon emissions by 6,750kg CO2 per system annually.

Today, RateSetter Head of Renewables Louis Edwards proudly announced RateSetter’s exclusive monthly payment offer for Norwest and Hills District residents: a market-leading 3.99% interest rate for up to 60 months. “We know that families are crying out for cheaper power bills, and renewable energy solutions are a proven way for consumers to reduce their costs. We are committed to ensuring everyday Australians have access to transparent and affordable renewable energy finance,” Edwards said.

Industry heavyweights join forces

The tripartite partnership showcases the capability of industry to develop innovative and affordable energy solutions for everyday Australians. Commenting on the partnership, Chris Williams – CEO & Founder of Natural Solar – said: “Natural Solar has joined forces with some of the largest and most respected companies in their fields to encourage interest and uptake in renewable energy equating to huge savings for Australian families.”

Under the scheme, RateSetter will provide fair, transparent, low rate renewable energy finance.

Edwards said, “The renewable market is burgeoning and consumers deserve finance that allows access to renewable energy solutions but doesn’t ultimately sting them.”

Beware interest-free

“Our loans avoid the hidden nasties, such as so-called ‘interest-free’ finance, that consumers can sometimes experience when they enter into the renewable market. We are very conscious that ‘interest-free’ offers may seem appealing, but based on what we’ve seen in the market, there are often hidden costs. This may come through price inflation: we’ve seen examples of customers quoted up to 30% more for ‘interest-free’ finance compared with the cash price for a solar system. Sometimes there are also hidden fees at the end of an ‘interest-free’ period.”

The new scheme builds on RateSetter’s success as the exclusive administrator of the South Australia Home Battery Scheme and the launch of a world-first National Clean Energy Market, a funding platform allowing retail investors to invest in renewable energy loans alongside the Clean Energy Finance Corporation and other institutional investors.

Learn more about the partnership in the article ‘Natural Solar, Mulpha, RateSetter target 220,000 households in massive renewables push’ on The Australian.

How the scheme works

  • Australians can visit www.naturalsolar.com.au to confirm their eligibility for the scheme
  • Customers will need to enter their details and submit an enquiry
  • Natural Solar will determine eligibility and confirm product requirements
  • A full 10% deposit will be required at the time of booking confirmation
  • SonnenFlat customers who purchase through the scheme will also be eligible to access exclusive monthly energy plans
  • On top of the purchaser savings, residents who are eligible will also be able to take advantage of RateSetters interest offer of 3.99% for a period of up to 60 months.
  • Residents will also be able to retrofit their battery to an existing solar solution.

This information does not constitute financial advice and you should consider whether it is appropriate to your circumstances before you act in reliance on it. Any opinions, forecasts or recommendations reflect the judgement and assumptions of RateSetter as at the date of publication and may later change without notice.

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