At Greencoin Solar, we’re passionate about helping South African families gain energy independence—without the upfront cost barrier. But we know that the terms financed solar solutions and leasing can get confusing. So, let’s break it down simply:
What Are Financed Solar Systems?
Financed solar systems are a flexible finance option that allow you to install a complete solar system today and pay it off monthly over a fixed term (60 or 72 months). Once the term ends and your last payment is made, the system is fully yours to own—no extra balloon payment, no surprises. Finance is subject to credit approval.
✅ You get the benefits of ownership without the upfront cost.
How Is This Different from Balloon-Payment Rental Deals?
While the terms sound similar, rental deals with an option to buy often include a final lump-sum “balloon” payment at the end if you want to own the system. You’re renting it for a period and only buying it out at the end—which can come as a shock if you weren’t expecting the final payout.
⚠️ You might be paying monthly and still need a large amount at the end to own the system.
What About Leasing a Solar System?
With solar leasing, you never actually own the system. You simply pay monthly to use it, often over 20+ years. While this can be affordable in the short term, you miss out on ownership benefits like system resale value, long-term savings, or full control over upgrades and maintenance.
⚠️ When the lease ends, you either renew, return it, or lose access to your solar energy.
🌞 Why Financing Your Solar System Makes the Most Sense
Here’s why our Greencoin Solar financed solar systems stand out:
- No balloon payment
- You own the system outright after the term
- Fixed monthly payments – no escalations
- Customisable systems to suit your needs
- Includes installation, a 10 year warranty and a supplementary CoC
You’re investing in your future without tying up your savings. Plus, the savings on your electricity bill often help cover the monthly cost.
| Financed solar solutions | Balloon-payment rental deals | Leasing | |
|---|---|---|---|
| Upfront Payment | Lower than paying cash (subject to credit approval) | Low | Low |
| Ownership at End | Yes – you fully own the system | After balloon payment | No – system must be returned or re-leased |
| Balloon Payment at End | No | Yes – often required | No, but you never own it |
| Fixed Monthly Payments | Yes – no escalations | Sometimes – terms vary | Often escalates over time |
| Customisable System | Yes – tailored to your needs | Limited | Standard packages only |
| Installation Included | Yes | Sometimes | Sometimes |
| Warranty & Compliance | 10 year warranty and a supplementary CoC | Varies | Varies |
| Early Buy-Out Option | Ask us about early settlement options | Yes, but usually costly | Unavailable |
| Best For | Long-term savings & ownership | Short-term access, later ownership | Temporary use without ownership |