LookSee Solar Loan remains available – Huge opportunity for South African homeowners

LookSee has announced that its hugely popular Solar Loan will remain available until February 2025.

The Solar Loan is made possible thanks to the government’s Energy Bounce Back Loan Guarantee Scheme

• Click here to learn more about LookSee’s Solar Loan offering

This is an extremely important development for South Africans who have not yet invested in solar power for their home – as you now have an unprecedented opportunity to invest affordably in renewable energy before the February 2025 deadline.

Incredible value

The LookSee Solar Loan offers personalised interest rates starting at Prime +1% and capped at a maximum of Prime +2.5% – delivering unprecedented value to anyone who wants to finance a solar energy system for their home.

“We can only offer such favourable terms thanks to our participation in the government’s Bounce Back Energy Loan Guarantee Scheme,” said LookSee Executive Head Marc du Plessis.

“This is why we encourage anyone interested in investing in solar to take advantage of this opportunity while it still lasts,” said du Plessis.

He stressed that LookSee’s Solar Loan is a limited-time offering and homeowners will need to get their finance applications approved by 1 February 2025.

South Africans should act soon to avoid disappointment.

Home efficiency impact

Du Plessis explained that LookSee Solar Loans are not only about their unrivalled financial value – as they also allow South Africans to improve their home’s efficiency and ensure long-term household savings by adopting sustainable energy sources.

Historically, South Africans had to choose between two options: improve their ’home’s efficiency at an elevated cost or ignore their home’s efficiency and pass up on the opportunity save money.

The Solar Loan changes this, allowing South Africans to get the best of both worlds: Solar power solutions that allow the family to take advantage of free power from the sun and offer financial savings over time.

New Energy Loan

Following the tremendous success of the Solar Loan, LookSee has launched a second lending product called the Energy Loan.

The Energy Loan does not fall under the Energy Bounce Back Loan Guarantee Scheme, but still offers excellent interest rates of between Prime +3% up to Prime +6.5% on loans up to R300,000.

It is repayable over a period of between 12-72 months and was created to serve those who want to invest in backup power solutions and energy-efficient water heating solutions like heat pumps, smart geyser devices and gas geysers.

“This offering is based on our understanding that not all households can install solar solutions, whether it’s because of lack of access to roof space or because the home’s structure simply isn’t suitable,” said Du Plessis.

“The Energy Loan is designed to help these households secure their home’s electricity supply and install targeted solutions that lead to significant electricity savings.”

To ensure the Energy Loan meets these aims, Standard Bank is limiting the offering to a variety of solutions from LookSee and an initial list of vetted service providers and a qualifying quote or invoice will need to be submitted with the loan application.

Click here to learn more about LookSee’s new Energy Loan product.