Thinking of installing solar panels on the roof to reduce your rising energy bills? Get started by comparing the best green personal loans of the month to help you finance the project.
This week, it was reported that Atlassian co-founder and tech billionaire Mike Cannon-Brookes had acquired 11.3% of AGL Energy, in a bid to stave off a proposed spin-off which, according to him, would be globally irresponsible.
Following the announcement, Mr. Cannon-Brookes gave an interview to Nine’s The Today Show, in which he gave two reasons why energy bills are about to rise.
“The first is coal and gas prices and the amount of fossil fuel power in our grid,” Cannon-Brookes said.
“And second, it’s because of the unreliability of the coal-fired power plants we have. The faster we can get Australia to decarbonize to renewables, the faster we can reduce your bill.
While Mr Cannon-Brookes encourages AGL shareholders to vote against the split in order to “accelerate the transition to net zero while providing reliable and affordable power to customers”, the installation of rooftop solar panels could be a way to take matters into your own hands.
Although there is an upfront cost to consider when installing rooftop solar panels, it could help pay for itself by reducing electricity bills before you know it.
Additionally, some lenders offer green personal loans at competitive interest rates for rooftop solar installation as well as the purchase of other qualifying energy efficient products for your home.
Before making the decision to take out a green personal loan to help finance your rooftop solar installation, be sure to do your research and compare your options to find what’s right for you.
RateCity has rounded up some of the top rated personal loans for May 2022 to help you start your comparison.
(Rankings correct at time of publication. Please note that lenders may swap places on the list as interest rates and fees change and RateCity’s tracker reflects these movements.)