$0 Upfront Solar

Effective Electrical Trading as Ballarat Solar Panels is now an accredited Rate Setter solar retailer and we can offer you our solar packages at
$0 upfront paid back over 3 to 7 years.

Also see our Solar Vic Zero Interest Loan Specials here

We choose Rate Setter to provide your Green Finance
  •  this is a safe and cost effective option.
  • Entirely Online versus Paper Based (especially acceptances/signatures)
  • Same day approvals versus high level of variability in approval time frames (typically 2-3 days)
  • Lowest base interest rates in the market
  • Highly transparent with fee’s and charges versus Interest Free offerings
  • Clean Energy Council approved

The interest rates on the Rate Setter Green loans are approx 6.9%. This may vary slightly depending on your credit rating.

Why we do not offer zero interest loans

While the Australian Federal Government has laws designed to protect consumers who borrow money, the interest-free loophole means lenders are not regulated by the National Consumer Credit Protection Act.
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The Clean Energy Council explains that as a result:
  • In the event of a dispute, you may not have access to the impartial dispute resolution scheme that has been approved by the Australian Securities and Investments Commission. This means that you may have to go to court to resolve a dispute with the provider.
  • If you are unable to make your payments, you may be unable to apply for a hardship variation to change the terms of your loan.  
  • If you are unable to make your payments, your lender may take action against you for non-payment.

Zero Interest is it too good to be true - YES

These companies actually charge approx 20% but this is hidden behind the zero interest label. How they do it is - the price is added to your solar  system package price and you pay all the interest upfront. This is why solar companies that offer zero interest solar also have a lower cash price.

To apply for Rate Setter Green Loan you will need an income of $20 000 per annum or greater

Rate Setter Brochure

Rate Setter Repayment Schedule

Rate Setter Application documents

Ask our sales representative about getting solar for $0 upfront