As the nation continues to experience rising electricity costs, many households and businesses are turning to solar energy as a reliable and cost-effective solution.
With energy prices fluctuating and solar technology now more advanced and accessible than ever, solar power has become a preferred choice for many property owners.
Key benefits include significantly reduced monthly electricity bills through self-generation of power, long-term savings and protection against future tariff increases.
Swaziland Building Society (SBS) offers a solar finance solution designed to help customers invest in sustainable energy.
This facility is available as a top-up on existing mortgage or home plan loans, enabling customers to finance solar panel installations as part of home or workplace improvements.
“The solar finance facility is available to customers with existing Mortgage and Home Plan loans as an advance option,” said Phindokuhle Dlamini, Senior Mortgages Officer at SBS.
She explained that eligibility is determined through an equity assessment, and customers are required to submit recent payslips and bank statements for affordability assessment. SBS works with approved service providers to ensure professional installation and quality assurance of the solar systems.
The requirements for solar finance include:
- An existing SBS Mortgage or Home Plan loan
- Sufficient available equity on the property
- Proof of income and recent bank statements
- A quotation from an approved solar service provider
On a positive note, installing solar panels often increases the value of a property, making it an attractive investment, should you decide to sell in the future.
Solar systems also come with minimal maintenance costs once installed, offering long-term peace of mind and financial relief.
For more information or assistance, contact SBS Mortgage Consultants on 2405 6119 or email mortgages@sbs.co.sz
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