Can we finance a photovoltaic system with pension funds?
We own a family home in a sunny location. We would like to contribute to climate protection and install a photovoltaic system on the roof and combine it with a battery. The costs amount to around 45,000 francs. Is it worth it financially? What options do we have to make this investment? Can we use pension funds?
You are not alone in your concern to install a photovoltaic system. In our current dream home study, we were able to determine that a little more than half of the surveyed owners would like to make investments in their own home in the next two years and around a third of them want to install a solar system. With electricity production alone, it takes a few decades at current electricity prices for a photovoltaic system to be amortized. However, if you make the investment with pension funds and/or a mortgage increase and take into account the government subsidies and tax savings, the venture is not only worthwhile as a sustainable contribution to alleviating the energy crisis and for the environment, but also for your wallet.
What are the potential benefits of using pension funds to finance a solar system installation
Can we finance a photovoltaic system with pension funds?
We want to do our part in protecting the environment by installing a photovoltaic system on our sunny family home. But the question is, can we afford it? And are there any options to make this investment financially viable? One possibility that has come to mind is using our pension funds.
If you’re also considering installing a solar system, you’re not alone. According to our recent study, more than half of homeowners surveyed plan to invest in their homes in the next two years, and about a third of them are specifically interested in solar energy. But let’s be honest, a photovoltaic system can be costly, with an estimated price tag of around 45,000 francs.
On its own, it may take several decades for a photovoltaic system to pay for itself through electricity production alone, especially considering current electricity prices. However, if you think outside the box and explore alternative financing options such as using pension funds or increasing your mortgage, the numbers might start to make more sense.
One important factor to consider is government subsidies and tax savings. Depending on where you live, there may be financial incentives available that can significantly reduce the cost of your solar system. These incentives can vary widely, so it’s crucial to do your research and find out what’s available in your area.
By taking advantage of these subsidies and combining them with the potential for using pension funds or increasing your mortgage, not only can you make a sustainable contribution to the energy crisis and the environment, but you can also make a positive impact on your own financial situation.
So, before dismissing the idea of installing a photovoltaic system due to its upfront costs, it’s worth exploring different financing options. With some careful planning and consideration, you might find that this investment is not only beneficial for the environment but also for your wallet in the long run.
Remember, going solar is not just a smart environmental choice, but it’s also becoming increasingly financially viable. So, don’t hesitate to consult with experts, explore available subsidies, and consider how you can leverage your pension funds or mortgage to make your solar dreams a reality.
Investing pension funds in photovoltaic systems is a progressive and smart move. Not only does it contribute to a more sustainable future, but it also promises attractive returns. It’s a win-win situation that should be embraced by all stakeholders.