The decision to install a photovoltaic system is a step towards sustainability and independence from rising energy prices. However, the initial costs can be daunting. This raises the question: How do I best finance my solar system?
Financing options at a glance
There are various ways to finance a photovoltaic system:
- Equity: The safest and most straightforward option is to finance it entirely from your own resources. This way you avoid interest payments and are debt-free from the start.
- Subsidized loans: The Kreditanstalt für Wiederaufbau (KfW) offers low-interest loans for the purchase of solar systems. Find out about the current funding programs and conditions.
- Bank loans: A classic financing option is a bank loan. Compare the offers from different banks in terms of interest rates, terms and other conditions.
- Building savings contract: A building savings contract can be a good option if you are planning for the long term. The interest rates are usually secure and you can use the money you save flexibly to finance your solar system.
- Solar leasing: With solar leasing, you rent the system and pay a monthly leasing rate. The leasing company is usually responsible for installation and maintenance.
What you should pay attention to when financing
- Total costs: Calculate all the costs involved, including installation, maintenance and any insurance premiums.
- Interest and term: Compare the interest rates of various financing offers and choose a term that suits your financial situation.
- Subsidies: Find out about all the possible subsidies and grants you can receive for your solar system.
- Self-consumption: Consider how much electricity you want to use yourself and how much you want to feed into the grid. This affects the size of the system and its profitability.
- Compare providers: Get several offers from different installers and financing providers to find the best offer for you.
- Flexibility: Look for flexible contract terms, especially if electricity prices rise or the legal framework changes.
Tips for successful financing
- Detailed planning: Create a detailed financing plan in which you take all income and expenses into account.
- Long-term view: A photovoltaic system is a long-term investment. Calculate the payback period and take into account possible increases in value.
- Advice: Get support from an independent energy consultant. This can help you choose the right system and the right financing.
Conclusion
Financing a photovoltaic system requires careful planning and a comprehensive comparison of the various options. By taking the above points into account, you will make an informed decision and secure a sustainable energy supply in the long term.