Nectr unveils Buy Now Pay Later pIans for SoIar and SoIar + Battery

30th May, 2022

As rising electricity prices drive cost of living woes, Nectr delivers affordable clean energy solutions

Australian households are now a step closer to affordable energy independence, thanks to award-winning energy retailer Nectr launching interest-free Buy Now Pay Later (BNPL) Solar and Solar and Battery plans that offer competitive rates, shorter contract periods, and premium, performance-based hardware.

This latest move signals Nectr’s ongoing commitment to help Australians ‘future-proof’ their household energy consumption. With electricity prices tipped to further increase over the next few months, Nectr’s BNPL options are a practical solution for those who want to reduce electricity bills and their household carbon footprint.

Australia is a global leader in rooftop solar take-up, with more than 30% of households across the nation installing solar PV[1] to power household energy needs.

“Our research shows that when it comes to investing in solar panels or household battery, upfront cost, having control over the energy that’s generated, and competitive rates are key considerations for Australians,” said Andrew Butler, Managing Director of Nectr.

“We have developed our Buy Now Pay Later plans in direct response to this consideration so that households can easily reap the benefits of renewable energy – investing in the planet, and their financial future.”

With no upfront costs or finances, customers will be able to pay off the investment within  the competitive timeframe of 3 to 5 years. The Nectr Solar and Solar + Battery BNPL plans offer solutions for all steps of the energy independence spectrum: from those taking the first step with solar, to those moving towards full independence from the grid.

“Making the switch to renewable forms of energy has never been simpler,” said Andrew Butler. “By offering our interest free Buy Now Pay Later plans, and household-centred calculations of per-annum savings, Nectr is on a mission to empower customers with affordable greener energy solutions.”

Nectr recently was awarded Canstar Blue’s inaugural Green Energy Excellence Award, for its 100% carbon neutral and 100% GreenPower plans. It also ranks top 10 in Greenpeace Australia’s 2022 Green Energy Guide.

From 30 May, NSW, SA and QLD residents can access Nectr’s interest-free Buy Now Pay Later Solar and Solar and Battery Plans:

  • Nectr Bee Solar– No up-front cost with zero interest applied for BNPL option. Customer owned system receiving a feed-in tariff.  Bundled with a competitive 100% carbon offset plan with rates of up to 24% less ref price (dependent on state-based electricity supplier) and 3-year benefit period. The solar component paid off in equal instalments over the contract period. Installation by CEC-approved retailer/installer.
  • Nectr Bee Solar and Battery – No up-front cost with zero interest applied for BNPL option. Bundled with competitive 100% carbon offset plan with rates of up to 24% less ref price (dependent on state-based electricity supplier) and 5-year benefit period. The solar and battery components paid off in equal instalments over the contract period.  Installation by CEC-approved retailer/installer.
  • Bee Battery AddOn – No up-front cost with zero interest BNPL option. Bundled with competitive 100% carbon offset plan 5-year benefit period. Battery component is paid off in equal instalments over contract period.

Nectr’s BNPL Solar includes performance and premium range solar panels, each with three different size options ranging from 6.6kW to 13.3Kw. Nectr’s BNPL Solar and Battery also includes performance and premium range solar panels with a maximum size of 7.8kW.

With an Australian based customer care team, monthly billing, competitive rates, and plans underpinned by investment in wind, solar and hydro projects, Nectr offers Australians the opportunity to take charge of their energy consumption and reduce their impact on the environment.

For more information about Nectr visit www.nectr.com.au.

ENDS

For more information contact:

Nectr:

Chief Marketing Officer (CMO) Karren Challoner-Miles – karren.cmiles@nectr.com.au

Blue Planet Public Relations:

Maria Crema – maria.crema@blueplanetpr.com.au or +61 402 239 929

Sophie Blue – sophie.blue@blueplanetpr.com.au or +61 416 006 821

About Nectr

Nectr is an Australian energy retailer that offers 100% carbon-neutral energy plans in addition to solar, battery add ons and solar + battery bundles with Clean Energy Council certified installation to deliver affordable, cleaner, greener energy solutions for Australians. Established in 2019, Nectr has disrupted the Australian energy industry, offering 100% carbon-neutral energy plans as standard – and challenging other retailers to do the same. In 2022 Nectr ranked among the top 10 greenest energy retailers in Australia according to Greenpeace’s Green Electricity Guide and is one of a select few retailers to offer both 100% carbon neutral and 100% GreenPower energy plans. Nectr is backed by Hanwha Energy, one of the world’s largest manufacturers of solar panels, and is investing in various renewable projects in Australia. The Hanwha Group has committed to over AU$5billion investment in eco-friendly initiatives to achieve net-zero by 2050.