Discovery Bank has partnered with Rubicon, a solar solutions company, to offer financing solutions for solar and backup power to some of its clients, enabling them to keep their households functioning during blackout cycles.
- The financing solutions have been designed to be flexible, and clients can use a dedicated solar budget facility at interest rates from prime -2% over 72 months.
- The entire process, from consultation to installation, will take no longer than three weeks to complete, with Rubicon advisors providing customers with support and power solutions recommendations.
- The bank’s CEO, Hylton Kallner, noted that the increased and ongoing interruption of electricity impacts all aspects of our lives and drives a need to find alternative ways to power our homes.
- Discovery Bank is the latest financial services provider to launch a solar financing option for its banking clients, following in the footsteps of First National Bank (FNB), which launched its residential solar solution called the ‘energy home loan’ in March.
- Rubicon CEO Rick Basson expressed his confidence that the partnership with Discovery Bank will accelerate the race to net-zero and energy security, with the solution set to be scaled up gradually and made more broadly available to customers in the coming weeks.