Individuals will soon be able to apply for special lower-interest loans to help finance rooftop solar, inverters and batteries at their homes.
Banking group FNB says it will soon offer the government’s Energy Bounce Back Loan Guarantee Scheme to individual customers to assist them with financing rooftop solar and energy storage at their homes.
The scheme is currently only available for commercial customers, but FNB said it will soon be extended to individual FNB and non-FNB customers alike.Businesses and commercial customers can take loan options between R10,000 and R10 million, while individuals will be limited to R3,000 to R300,000. “We are encouraged by the progress made with National Treasury and expect that we will soon be able to offer our individual customers access to the Energy Bounce Back Loan before the end of the year,” FNB said.
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