Skip to main content
A AssetFinance.nz Get matched

Solar Finance · Hire Purchase

Solar hire purchase

Fund solar on hire purchase and own it outright at the end of the term. Indicative rates From ~7.6% p.a. (prime borrower) — subject to credit.

Quick answer

Solar finance structured as hire purchase means you own it outright at the end of the term. Commercial solar finance funds rooftop and ground-mounted solar PV systems, inverters, battery storage and EV charging infrastructure for NZ businesses. Typical structures are hire purchase or chattel mortgage on the installed system, with terms 60–84 months matched to the useful life.

Is hire purchase right for solar?

Hire purchase lets you own the equipment at the end and claim depreciation — a fit for equipment that holds useful value well beyond the finance term.

About solar finance

Commercial solar finance funds rooftop and ground-mounted solar PV systems, inverters, battery storage and EV charging infrastructure for NZ businesses. Typical structures are hire purchase or chattel mortgage on the installed system, with terms 60–84 months matched to the useful life. The economics often allow energy bill savings to cover the finance payment from year one. Indicative rates from ~7.6% p.a. for prime borrowers, with both new commercial properties and retrofits eligible.

Why hire purchase

  • ✓Ownership transfers to you at the end of the term
  • ✓Fixed interest rate and fixed repayments — easy to forecast
  • ✓Claim depreciation and interest on your tax return
  • ✓Up to 100% finance available for established businesses on eligible new assets
  • ✓Asset shows as a fixed asset on the balance sheet

Trade-offs to weigh

  • –The asset shows as a liability on the balance sheet until paid off
  • –Lender holds security over the asset until final payment
  • –Early-termination fees may apply if you exit before the end

Solar finance at a glance

Indicative rate
From ~7.6% p.a. (prime borrower) — subject to credit
Typical term
60–84 months matched to useful life
Deposit / LVR
Up to 100% on new commercial installation from a recognised installer
Lenders
UDC Finance, Heartland Bank, BNZ Asset Finance

What you can fund

Rooftop solar PV (commercial buildings, factories, warehouses)Ground-mount solar arrays (farms, large sites)Battery storage systemsInverters and grid-connect equipmentEV charging infrastructureSolar monitoring and metering

How hire purchase is treated

Ownership during term Lender (security)
Ownership at end of term You — automatic on final payment
Who claims depreciation You
GST treatment Claim GST on asset cost upfront (cash/invoice basis)

See the full breakdown in the hire purchase guide, compare all four structures on the comparison page, or read more on solar finance.

Rates, terms and LVR are indicative market ranges for guidance only — not a quote, not financial or tax advice, and subject to lender credit approval. Confirm tax and accounting treatment with your accountant.

Get solar hire purchase quotes

Answer a few questions and we'll match you with the NZ lenders most likely to fund your solar on hire purchase.

Get matched in 60 seconds

Frequently asked questions

Yes. Hire Purchase is a common way to fund solar for New Zealand businesses — it means you own it outright at the end of the term. Hire purchase is a fixed-term finance agreement where you pay off the cost of an asset in regular instalments and take ownership at the end. The lender holds security over the asset until the final payment. All applications are subject to lender credit approval.