Choosing the right finance option can feel overwhelming, but it doesn’t have to be. Our Finance Comparison Template makes it easy to compare finance options side by side, so you can make an informed decision with confidence.
There are many different ways to pay for electrification upgrades, and the cheapest option upfront isn’t always the cheapest in the long run. This tool helps you compare common finance options side by side, so you can understand how each one affects your monthly costs and your total savings over time.
It helps you compare things like:
Whether you’re deciding between a green loan, home loan top-up, personal loan, or 0% credit, this tool helps you see the full picture and choose the option that fits your household budget.
Step 1: Gather your options
Research the finance options available to you (for example, a bank green loan, home loan top-up, personal loan, or 0% credit card). You don’t need to use every option, just include the ones that finance your electrification technology, and the ones you can realistically access. Check out our household finance page for more information.
Step 2: Compare the numbers
Complete the Finance Comparison Table to see each option side by side. This makes it easier to compare monthly repayments, total interest paid, and overall savings across the lifetime of the upgrade.
Step 3: Sense-check and choose
Choosing a finance option is mainly about balancing what you can afford each month with the total cost of the upgrade over time. Use the completed Finance Comparison Table to understand the trade-offs between options.
Options with higher monthly repayments can feel harder in the short term, but often result in lower overall costs and greater lifetime savings.
Options with lower monthly repayments are easier on day-to-day budgets, but usually mean paying more interest overall, which reduces total savings. Even so, unless the “Total Savings Over Time” figure is in the minus, these options will still leave households better off over the life of the technology compared to purchasing a fossil fuel option. And in cases where the financial savings are smaller, electrification still delivers other benefits, such as more stable energy costs, improved comfort and performance, reduced emissions, and higher resilience when paired with solar.
There’s no single “best” option. The right choice depends on what feels manageable for your household and how you weigh monthly affordability against long-term savings.
