Loans on solar panels are loans that banks or public bodies grant, in different ways, to those who want to install a photovoltaic system . Solar energy has been growing steadily in recent years, also thanks to the decrease in panel prices. Many credit institutions have therefore dealt with this sector, preparing ad hoc financing for the needs of those who choose this energy source. At the same time, public institutions have also started issuing tenders or providing facilities for these plants, in order to facilitate the transition to cleaner and more efficient energy. It is no coincidence that these benefits are often included in energy efficiency measures.
The beneficiaries of the loans for a photovoltaic system can be families or companies. When a family asks for funding, it can use the resources borrowed to install solar panels on the roof of their home , and then connect it to the general electricity grid.
The requirement to receive the benefits is that the house where the system is installed is assigned to the first home and the owner of the loan has residence at that address.
Instead, companies can access subsidized loans for photovoltaic panels to apply a plant on larger spaces: typically the choice of companies falls on the roof of a shed or on a plot of land adjacent to the site , in order to exploit the energy produced. Also in this case, it is then necessary to connect the system to the network, so that it is possible to calculate its production and turnover.
The characteristics of these loans for solar panels can vary depending on the organization that supplies them. If it is a credit institution, it is possible that the loan is part of the subsidized loans, which offer advantageous conditions, such as lower interest rates and extended repayment times, even up to 15 years. The amount financed usually varies from € 30,000 to € 150,000 . If, on the other hand, it is financed by a public tender, it is also possible that these loans on solar panels are also with a grant, but they can be granted only to commercial activities or associations, and not to private families.