How to Play the Banks at Their Own Game (and Get Solar Approved)


So, you’ve got your solar quote in hand, a power bill that screams “help me,” and the ambition to tell the power companies to take a hike. But there’s just one problem — you need the bank to say yes.

Fear not, solar-seeker. Here’s how to make the numbers stack up in your favour, and maybe even outsmart the bank in the process.


The Big Three: ANZ, ASB, BNZ — 1% Interest for 3 Years


Let’s start with the best-kept not-so-secret: these banks offer 1% interest on “green loans” for solar, locked in for 3 years. Sounds great, right?

But here’s what most people don’t realise:
You can structure the loan over any term — 5, 10, even 15 years. Only the rate is fixed at 1% for 3 years.

That’s your golden opportunity.


Stretch It Out to Bring It Down


Most solar systems in NZ pay themselves off in 8 to 10 years, depending on where you live and how sunny your roof is. That means, even on a 10-year loan, your solar savings will typically outpace your repayments — especially with that 1% head start.

Why go long?

Because the bank's magic word is "affordability."
The longer the loan term, the lower your repayments, and the more likely the bank’s little robot goes, “Approved ✅.”

Tight budget? Go long. Want to pay it off fast? Here's the hack:


The Offset Hack: Bash It Down After 3 Years


During those first 3 years, make the minimum payments and put your extra cash into a savings account (earning more than 1%, if you’re clever). Then, when the 3 years are up and the rate resets to 5%-ish, you slap down a chunk of your savings and boom — your remaining repayments shrink to pocket change.

It’s like doing HIIT training for your mortgage: fast, smart, and weirdly satisfying.


And What About Westpac?



Westpac offers 0% for 5 years — and it’s a flat term loan, no stretch, no trickery.
It’s a solid deal, especially if you’ve already got equity and want to keep it simple.

But if you’re juggling affordability with long-term strategy, the other banks give you more levers to pull.


Bottom Line


If your quote’s good and your roof’s sunny, solar almost always pays for itself — but only if you can get it across the bank's desk. The smartest borrowers are using loan terms strategically to get approval, reduce their repayments, and make solar a true no-brainer.

Want help making the case to your bank?
Send us your solar quote, and we’ll crunch the numbers to show you how it stacks up over 10 years — savings, repayments, the works.

Because around here, we don’t just talk about solar.


We game the system — for you.

By looka_production_130270016 December 23, 2025
Solar panels are so cheap now that even selling excess energy back to the grid at so-called “peanut” rates can still be a very good investment. So let’s talk about solar the right way — not emotionally, not politically, and not based on what your neighbour reckons. Most people say, “Selling solar to the grid isn’t worth it. It’s peanuts.” And our response is always the same: “Nothing wrong with peanuts” Reality is, solar should be considered in the same way all investments are considered. The question is - What am I spending, and what am I getting ? The Abraham Argument (sorry, its a bit of fun) In the book of Genesis, Abraham argues with God over the prospect of saving Sodom and Gomorrah from a terrible punishment. Moses asked god - “Would you save the city for 50 righteous people?” “How about 40?” “30?” “Come on… 20?” “Wait — before you send the fire — how about 10?” That same bargaining logic works beautifully with solar. Let’s assume the absolute worst-case scenario and argue backwards. Check Out Abrahams Sales-Pitch Imagine this: 18 solar panels Cost: $5,000 (totally unreasonable) Annual generation: ~10,000 kWh Every single unit sold to the grid Buyback rate: 17c per kWh Those panels would pay you $1,700 per year in solar buyback credits. No self-consumption. No batteries. No optimisation. Just exports. That’s under a 3-year payback . What do you reckon? Would you do it? Moses - “I’ve got my hands on the stone tablets. And I’m telling you – you can’t get 18 panels for $5,000. But let me ask you…” How Many Donkeys Would You Trade For 18 Panels? If exports alone deliver $1,700 per year in export credits, would you buy 18 panels if they cost: $12,000? (5.9-year payback) $14,000? (8.2-year payback) How about $16,000 and some unleavened bread? (9.4-year payback) ... $16,000 is about what 18 panels cost for most homes. You can forget the unleavened bread. And by the way, Abraham forgot to tell you 👉 $1,700 is the worst this system could save you. Why You'll Save More Than Moses Reckons If you sell solar to the grid, Moses already told you its worth about 17c per kWh (give or take). But the solar you actually use is worth more! It’s worth your retail rate — typically 30–40c per kWh incl GST. That changes everything. Also, If your roof is a decent north-facer with more than a 10° pitch, 18 panels won’t generate 10,000 kWh. They’ll generate more . Good roofs regularly see 11,000 kWh with 18 panels (460w assumed). Great roofs can push 12,000+ kWh per year! Tearing Down The Strawman Argument In the real world: 18 panels typically save ~$2,000 per year without a battery Add a battery and that can push closer to $3,000 per year (book a consult with us to iron out the finer details). So, if Abraham were here, he wouldn’t be arguing about buyback rates. He’d be covering the city in panels to power his DC grain mills and DeWALT power tools. (That's how they built the temple so quick. DeWALT all day)! Because if you can spend $16,000 today and save $2,000 per year minimum , you’re looking at roughly a 7–8 year payback . Over 25 years? That’s $50,000+ in savings when you bake in 3% inflation . Closer to $70,000 if you don't subtract the cost of adding a battery in 5-10 years. But we think the battery will be necessary, because the buyback rates will eventually trend downwards - and you can't expect $70,000 in savings without adding a battery when they become a necessity. The Takeaway Solar exports aren’t the dream scenario. They’re the floor . And when the floor already looks this good… the upside takes care of itself. Disclaimer: You may not be able to sell all of what 18 panels can generate. There are limitations. However - those limitations become entirely irrelevent if your home pulls ~2.5kW of energy during the peak hours between 10 & 2. It's not all that hard to get your home doing this. Pool Pump, Spa, Hot Water Cylinder, Aircon in summer + Fridge and Freezer all add up to a hell of a lot more than a 2.5kW energy demand. And so; the export limit is mostly irrelevant on homes with 18 panels or less. Once you have more than 18 panels, the story changes - but the story is also developing, because more and more networks are unlocking 10kW buyback on one phase, instead of the standard 5kW buyback per phase. And of course, if you have multiple phases (2 or 3) you can get away with 25 - 35 panels and experience zero limits to how much you export.
By looka_production_130270016 December 22, 2025
Chasing buyback rates while ignoring winter peak prices is how good solar savings quietly disappear.
By looka_production_130270016 November 22, 2025
From Gas to Solar: Should You Go Traditional Cylinder or Heat Pump for Your Hot Water?