Solar Panel loan

Interest 0%!

Invest in energy savings

Special offer! Interest for the first two years 0%.*

The loan is suitable for the purchase and installation of a heat pump and solar panels.
Using renewable energy is more beneficial for you and sustainable for our planet.
Our home insurance also covers your solar panels and heating solutions.

* Special offer is valid for new applications submitted until 31 December 2023. 0 Interest 0% will apply for the first two years, afterwards the normal interest of 4.9% will apply. More detailed information on the conditions is available at the bottom of the page under "Conditions and Prices" .

Examples of the annual percentage rate

Loan for solar panels

The annual percentage rate is 5,40% on the following (example) conditions:

loan of €11 000;
fixed interest rate of 4,90%;
contract fee of €110;
repayment period of 7 years;
number of repayments 84;
the sum of repayments €13 051,19;
the total cost of the credit €2 161,19;
the total sum of the credit €13 161,19.

The rate is calculated on the assumption that the amount of credit is being issued immediately and in full.

Solar panel loan calculator

The monthly payment in the calculator does not reflect the special offer of 0% interest for the first two years.

The calculation is approximate and may differ from the terms offered to you.
The calculations of electricity figures are approximate. The calculations of the profitability of solar panels and their purchase and installation costs are approximate and depend on the customer’s needs. The calculations do not include possible future costs, such as maintenance costs. The long-term calculation is based on the assumption that the electricity price will not change over the next 25 years.

See the examples of the annual percentage rate

Loan

Monthly payment
0€
Commission fee
0 0.00€

€ / kWh

kWh

The recommended capacity of the solar panels to be installed is calculated on the assumption that your summer electricity consumption is at the same level as the average annual consumption.
To calculate the optimal capacity of solar panels, experts recommend taking into account the electricity consumption in the summer months, so that the electricity produced covers the amount of electricity consumed. The estimated amount of electricity produced by a 1 kW solar panel per month during summer period is approximately 130 kWh.

According to experts, the estimated purchase and installation costs of a 1 kW solar panel is approximately €1,400, however, the costs may vary depending on the panel type, capacity, and installation location.

€

Your savings

Average monthly electricity bill
0€
Estimate monthly electricity bill after the installation of solar panels We assume that a single household consumes 50% of the produced electricity itself (without transmission to the grid) on average. Savings are generated at the expense of directly consumed electricity. The savings in the remaining electricity produced are lower, as it is transmitted to the grid and repurchased at the price of the Nord Pool Spot power exchange. The savings on electricity sold to the grid and later repurchased are calculated on the basis of the 2021 fourth quarter average price of the Nord Pool power exchange. The estimated annual electricity production of a 1 kW solar panel is 1,050 kWh (10–140 kWh per month depending on the season).
0€
Savings on electricity bills per month
0€
Total savings on electricity bills over 15 years
0€

The loan is suitable for the purchase and installation of solar panels on your house or land.
You can also use the loan to buy and install a heat pump, wind generator and battery bank.
The interest rate is more favourable than other small loans. The fixed interest rate is only 4.9%.
The loan period is up to 10 years.

Good to know: Before applying, it would be good to know from which company you plan to buy the solar panels and how much money you want to borrow.

Apply in just 4 easy steps

Fill out the application in the internet bank.
You will receive an answer via SMS or phone call.
Sign the agreement.
The money will be transferred to your account immediately after signing the agreement.

The 0% interest offer is valid for new agreements signed between 30 March and 31 December 2023.
The special offer is valid for the first two years of concluding the agreement.
After two years, the normal interest of 4.9% will apply.
Swedbank reserves the right to terminate the preferential loan condition at any time.

Loan amount 3,000–20,000 euros.
Fixed annual interest rate 4.9%. Interest is calculated on the loan balance.
The agreement fee is 1% of the loan amount, but at least 100 euros.
No need for a down payment or collateral.
Your monthly income over a half a year must be at least 650 euros – or at least 1100 euros with a co-applicant.
The precondition for receiving a loan is that real estate has been entered in the land register on behalf of the borrower.

The loan amount is repaid on the basis of an annuity schedule, in fixed monthly payments within the agreed term.
The loan period can be from 6 months to 10 years.
There is an option for early repayment of the loan free of charge.

After signing the agreement, you are obligated to buy and install solar panels, a heat pump or wind generator, using at least 90% of the loan amount for that purpose.
Within 180 days from the conclusion of the loan agreement, send documents confirming the purchase and installation of the equipment or a copy of the electricity repurchase agreement to the address solar@swedbank.ee.
If you do not comply with the conditions of the agreement and fail to use the loan money for for the intended purpose, a loan interest rate of 19% will apply to you.

Compare loans and find the one that is right for you.

Interest for the first two years is 0% + 6 months’ Euribor.

A loan suitable for energy efficient solutions in your house.

A loan that will help you make all your plans into reality.

If you plan to borrow more than 5,000 euros for home repairs, read more about the small home loan.