The cost of solar panels varies depending on the number of panels and the installation. According to Milieu Centraal, in the Netherlands you pay around €7,500 for a set of 10 solar panels, including installation.
There are three ways to cover these costs:
Check our overview to see what you should take into account when choosing one of these three options (or a combination). Please note: the explanation is about home improvements in general, not only solar panels.
"},"textLinks":[{"url":"/en/personal/loans/your-goals/finance-renovation","text":"Read more about financing a home renovation"}]},{"componentType":"sectionTitle","title":"Financing solar panels?"},{"componentType":"paragraph","richBody":{"value":"At ING, you can finance solar panels with a Personal Loan for Home Improvements. These are the benefits:
In 2025, there is no longer a national subsidy for purchasing solar panels. However, you can benefit from the VAT exemption, meaning you don’t pay VAT on the purchase and installation. In addition, some municipalities and provinces offer local subsidies. Check the options in your region.
"}},{"title":"What will change for solar panels in 2025?","richBody":{"value":"Plans to phase out the net metering scheme in 2025 have been postponed. This means you can still offset 100% of the electricity you feed back into the grid. In other words, the electricity you return to the grid can still be fully offset. From 1 January 2027, the net metering scheme will end completely.
"}},{"title":"Is borrowing money for solar panels a good idea?","richBody":{"value":"Borrowing money for solar panels can be a smart choice. Lower energy costs often allow you to recover the investment within 7 to 10 years. In addition, solar panels contribute to lower energy bills and a more sustainable home. With an ING loan, you benefit from a fixed interest rate and term, so you know exactly where you stand.
"}},{"title":"How quickly do solar panels pay for themselves?","richBody":{"value":"If you choose a loan for solar panels, the total financing costs determine the final price you pay. The payback period then depends on:
Tip: Depending on where you live, you may also be eligible for regional subsidy schemes.
"}},{"title":"How does the net metering scheme work?","richBody":{"value":"The electricity you don’t use is fed back into the power grid. This falls under the so-called net metering scheme. The electricity you take from the grid can be offset against the electricity you feed back.
The net metering scheme will likely be gradually phased out from 2025, but the long-term returns of solar panels remain positive and make it more attractive to use more of your self-generated solar power.
"}},{"title":"How many solar panels do I need?","richBody":{"value":"The number of panels determines how much financing you may need. This depends on your current and future electricity consumption. By installing solar panels, you generate your own electricity that you can use directly at home—for example, if you (in the future) charge an electric car at home.
How much solar energy your roof can capture depends on:
A certified installer can calculate this precisely for you. Want to get an initial idea now?
"}},{"title":"What about VAT on solar panels?","richBody":{"value":"Since 2023, there is no VAT on solar panels. This saves you 21% on the costs and therefore also on a potential loan for solar panels.
"}},{"title":"Can I apply for subsidies in addition to my solar panel loan?","richBody":{"value":"A more sustainable home is not only good for the climate and your energy bill, but also increases living comfort. That’s why the government is happy to help. We’ve listed the subsidies for energy-saving measures for you.
Read more about subsidies
"}}]},{"componentType":"sectionTitle","title":"More information about solar panels"},{"componentType":"cards","cards":[{"componentType":"serviceCard","cardType":"service","cardSize":"small","title":"Energy Saving Loan","intro":"Through the National Heat Fund for energy-saving measures.","image":{"transformBaseUrl":"https://assets.ing.com/transform/280beb33-3568-452b-b957-efb3366f2645/Hand-holding-light-bulb-against-nature-on-green-leaf-with-icons-energy-sources-for-renewable-sustainable-development-Ecology-concept-Elements-of-this-image-furnished-by-NASA","type":"image","width":799,"original":"https://assets.ing.com/m/76fad58943dc551f/original/Hand-holding-light-bulb-against-nature-on-green-leaf-with-icons-energy-sources-for-renewable-sustainable-development-Ecology-concept-Elements-of-this-image-furnished-by-NASA.jpg","extension":"jpg"},"link":{"url":"https://www.ing.nl/particulier/hypotheek/duurzaam-wonen/warmtefonds"}},{"componentType":"serviceCard","cardType":"service","cardSize":"medium","title":"Solar panel scan?","intro":"Do the upgrade check and quickly gain insight into sustainability options for your home.","image":{"transformBaseUrl":"https://assets.ing.com/transform/024db4b5-5c07-4c71-96e7-c7a83c201272/Sustainable-housing-happy-woman-upgrade-check","type":"image","width":2500,"original":"https://assets.ing.com/m/4ff7e2e6e9c28c85/original/Sustainable-housing-happy-woman-upgrade-check.jpg","extension":"jpg"},"link":{"url":"/en/personal/mortgage/sustainable-living/what-is-the-upgrade-check"}},{"componentType":"serviceCard","cardType":"service","cardSize":"small","title":"Sustainable living","intro":"From solar panels to insulation and heat pumps. See how to get started.","image":{"transformBaseUrl":"https://assets.ing.com/transform/671d0080-f34d-41f0-9d6e-3e7264f106ba/4-Testimonial-Joan-en-Dineke-NIET-GEBRUIKEN","type":"image","width":6000,"original":"https://assets.ing.com/m/1b5fa02e91057955/original/4-Testimonial-Joan-en-Dineke-NIET-GEBRUIKEN.jpg","extension":"jpg"},"link":{"url":"https://www.warmtefonds.nl/"}}]}]}}}