Discovery Bank launching new solar financing product
Discovery Bank is launching a new finance product for solar and backup power services to homes through a partnership with energy provider Rubicon.
The group said the partnership would focus on supplying high-quality products, offering service and support for installation, as well as adopting flexible funding models to suit customers’ needs.
Regarding quality, Discovery Bank said that Rubicon has extensive knowledge and experience in power solutions, adding that a comprehensive end-to-end service has been developed that ensures clients receive the highest quality products and installation.
At a service level, it said that support would be given from the initial consultation through to installation, with the group offering a post-installation service. The partnership would also enable installation within three weeks.
“The entire journey is designed to be hassle-free and straightforward for Discovery Bank clients,” it said.
The group also has an online calculator that will allow clients to get an instant quote tailored to their specific energy needs. Dedicated Rubicon Energy Advisors, meanwhile, will be available to guide clients through the selection process.
Notably, Discovery Bank said that it has developed flexible funding options that allow clients to choose an option to use a dedicated solar budget facility at interest rates from prime minus 2% over 72 months.
The offering has been launched to a select few clients so far, with a broad rollout coming in the coming weeks, the bank said.
The model for Discovery Bank will see clients owning their solar assets instead of renting them.
It added that customers will have a wide variety of products, with no additional or hidden costs and a tax deduction.
“By joining forces, we are poised to offer Discovery Bank clients access to cutting-edge solar solutions with highly competitive finance options. With Rubicon’s long and trusted track record in the solar energy industry, we are confident that together we can accelerate the race to net zero and energy security,” Rick Basson, CEO of Rubicon, said.
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