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How we can assist you

If you are a registered business in South Africa and need to keep the lights on—or more importantly, the tills running—we have you covered. Whether it is just for those times of loadshedding or for complete energy independence, we have solutions to suit your needs.

Reliable solar energy solutions

We will make sure your solar energy solution needs are met by doing the following:

  • Giving you access to trusted solar suppliers who will perform a needs analysis for your business and provide you with a quote.
  • Ensuring suppliers adhere to agreed service levels.
  • Ensuring that the solution is installed, and the supplier is paid.

What will we do when you are approved for finance?

  • Obtain a tax invoice from the solar supplier.

  • Pay the provider and ensure they install your solar solution on your business premises.

  • Ensure your solar solution is registered with the South African Movable Asset Register (SAMAR).

  • Draw up your finance agreement and arrange for you to sign the contract documents at your nearest Nedbank branch.

Ready to get solar for your business?

Get started

Things to note before you apply

To qualify for solar energy financing, your business must be valid, and registered in South Africa

The solution you want to finance must be new. We do not finance used, demo, or second-hand solutions. 

The minimum and maximum amount we can loan is between R50,000 and R3.5 million.  

Provided you meet all requirements, we can finance your solar energy installation whether you own, or have leased your business premises.  

To complete your application

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Email
Get documents

Follow our guide for the full list of documents you'll need to complete or submit.

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card icon
Email us

Email your documents to juristicsolar@mfc.co.za. Please include your name, surname, email and cell number on your email application.

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Phone
Call us

Alternatively, you may call us on 0860 111 159 for assistance with your application.

View our terms

We are committed to supporting your journey towards energy independence and sustainability. Please review the terms to understand all aspects of the financing agreement.

Terms

Get your document guide here

Get documents

We'll also need the following

          Download the full checklist for a smooth application.

Once completed, you’ll need to email all documents, including the personal and business information listed above to juristicsolar@mfc.co.za

We'll need the following personal and business documents

  • A valid South African ID for each member or director of your business.

     

     

  • Proof of residence, not older than 3 months, for each member or director who is signing surety. 

     

  • Signed confirmation of the company’s shareholding from a registered accountant. 

     

  • Details of any other shareholder who holds more than 25% of the company stake. 

     

     

  • The latest annual audited financials signed by a registered accountant and/or management accounts for the past 12 months.

     

  • A quotation or invoice for the solar solution which must be from a Nedbank-approved supplier. 

     

  • Copies of your company registration documents, and your Business Register Number Certificate (BRNC).

     

  • Proof of the registered business address, not older than 3 months. 

     

  • Stamped copies of the company’s latest 4 months' bank statements, or a signed DEA consent form (valid for our use if you do not bank with FNB or Capitec).

  • Copies of the directors’/members' valid IDs (front and back if a smart identity card).

  • Proof (not older than 3 months) of residence of the directors/members who are signing surety.

  • Signed confirmation of the company’s shareholding from a registered accountant.

  • If there is another shareholder who holds more than 25% of the company stake, we need their details.

  • Proof (not older than 3 months) of the business address registered in the company's name.

Insure your solar business with us

Get insurance

Insure your solar business with Nedbank

Protect your investment with Nedbank Business Cover Insurance, a partner who is as dedicated as you are to protecting your business against risk.

Cover includes panels, batteries, invertors and all other accessories in the event of the following:

 

Theft & burglary

Malicious damage

Fire & lightning

Flood, storms, wind, water, hail

Earthquakes

Subsidence and landslip

Impact

Explosions

For more details on solar energy insurance for business

Call me

What you need to know

  • Your business must be a valid business registered in South Africa.
  • The solution you want to finance must be new. We do not finance used, demo, or second-hand solutions.
  • The asset amount you want to finance must exceed R50 000.
  • The maximum loan amount available through the MFC finance channel is R3.5 million.
  • If you need to finance more than this, we will facilitate finance through your relationship banker or refer you to Business Banking.
  • The maximum loan term is 72 months.
  • If you are not the registered owner of the property, or if the property is a sectional title, you will need to provide a consent waiver document approved by the registered owner and/or trustees. This signed document must be returned to us to proceed with the application.
  •  If the property where the solar equipment is installed is rented by the principal debtor, a deposit will be required. The percentage of the deposit will depend on the number of years the company has been in business. The deposit percentage is at our discretion and may be increased due to additional risk considerations or affordability.

Minimum deposit for years in business

Years in Business
Minimum deposit required

20%

15%

10%

0-10%

Important notes

  • It remains your responsibility to ensure that the solar supplier verifies the status of the relevant installer and supplier, including their products and workmanship.
  • It remains your responsibility to ensure that the solar supplier assists you in the signoff, acceptance of delivery (AOD), and confirmation that the solution has been properly installed and is working properly once installed.
  • SSEG clearance with the local municipality remains your responsibility, however, most of our suppliers will either apply for clearance on your behalf at an additional cost or provide you with the required documents for you to apply with the municipality.
  • It remains your responsibility to send a copy of the supplementary electrical certificate of compliance(COC)to your insurers.