This Bank Will Give You $3000 Cashback on Your Home Loan If You Have Solar Panels Installed

Solar panels on home

With home loans being one of the most expensive financial commitments we’ll ever make, any way to make them — or, for many of us, who might never be able to afford more than one home loan, it — less of a burden is very much welcome. This is why Suncorp’s Solar Home Bonus, which applies to home loans, will no doubt make them a popular choice.

This week, the bank announced it would be offering a whopping $3000 cashback for customers signing up to a new, eligible Suncorp Bank home loan on houses and townhouses that have an eligible solar power system installed.

“The Solar Home Bonus is a great example of the way that Suncorp Bank is helping our customers with their financial wellbeing as well as having a positive impact on the world we share,” says Potta Findikidis, executive manager of marketing at Suncorp.

Image: Getty Images

“This spot is a charming way of bringing our new brand positioning to life with tangible evidence of the actions we are taking to honour our commitment to contributing to a more sustainable future for all.”

The cashback is part of Suncorp’s new brand platform ‘Banking you can feel good about’, which surrounds the action the bank is taking in its commitment to having a positive impact on the world we live in, as well as the financial wellbeing of its customers. The bank announced last year that from October 2021, its Visa Debit and EFTPOS cards would be made from 82% recycled material re-purposed from post-industrial sources, and designed with special features to assist customers living with visual impairments.

“Switching to solar power is a relatively simple thing to do, but the ripple effect of doing so is far-reaching,” says Simon Lee, executive creative director at agency The Hallway, looking after the platform. “This ripple effect provides fertile creative territory that we’re having a lot of fun exploring with our partners at Suncorp.”

To be eligible for the $3000 solar panel home loan cash back, you’ll simply need to show proof of your solar systems like an electricity bill with a solar metering service charge. There’s no minimum kW requirement. The reward doesn’t apply to the refinancing of existing Suncorp Bank loans or loan pre-approvals. Eligible existing customers who already have a solar power system installed will be rewarded for their loyalty with $500 cashback.

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