Solar Home Loan Calculator: Pay Off Your Mortgage Sooner
Did you know that Australians who produce their own solar energy can cut years off their home loans, saving them tens of thousands of dollars?

ADELAIDE, AUSTRALIA, October 13, 2010 /24-7PressRelease/ -- Forget hefty electricity bills or high interest rates - homeowners choosing to become their own producers of solar power are using the money they once paid to electricity companies to make extra mortgage repayments.

To make it easy for homeowners wanting to find out how solar energy can work for them, ZEN Home Energy Systems has partnered with financial services company Bernie Lewis Home Loans to develop the Solar Home Loan Calculator.

The calculator is a simple online tool to show homeowners how they can use the equity in their houses - the cheapest finance available - to cover the cost of a ZEN Whole Home System.

''We've known for some time now it is cheaper to produce your own energy at home than buy it, but one of the biggest barriers facing householders is finding the cash to finance the installation of a whole home solar energy system,'' ZEN Home Energy Systems Chief Executive Officer Richard Turner said.

''The Solar Home Loan Calculator can show you how to take 10 years off an average mortgage and save up to $100,000 in interest payments.''

Mr Turner said currently the only other solar funding alternatives on the market were consumer finance packages which put a strain on the household budget because the packages' high interest rates offset any savings.

''But by using equity instead, you can effectively make the bank your power company with no change to the household cash flow,'' he said.

The Solar Home Loan Calculator uses your details to determine the ZEN Whole Home System that would best suit your family's needs, therefore having the biggest impact towards wiping out the mortgage.

The best part is by making your own solar energy, you'll not only be saving money, you'll also be helping the environment by reducing your carbon footprint.

''You no longer have to go into the red to be green at home,'' Mr Turner said.

To use the Solar Home Loan Calculator, visit www.zenhomeenergy.com.au and fill out the online form. The calculator will immediately email you a full report, outlining the best home solar solution for you, and the savings that will bring.

For media inquiries:
Richard Turner, ZEN Home Energy Systems CEO,
Ph: 08 8211 0600 M: 0418 844 780
Email: rturner@zenhomeenergy.com

Press Release Contact Information:

ZEN Technologies
ZEN Home Energy Systems
Sales
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Adelaide, SA
Australia 5067
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