Transforming the dynamics of making a sustainable choice for your home improvement
We’re here to help Australian homeowners improve their lifestyles and sustainability goals by reducing the upfront costs of implementing green and efficient technology and sustainable materials into their projects.
Living and borrowing sustainably can reduce your material cost of living (save you money on bills), reduce your reliance on utilities, and manage the upfront costs of implementing the technology and materials that will get you there.
We encourage tradies and installers to practice eco-friendly methods through the use of efficient and green technologies and sustainable materials in their projects by lowering their risk of doing business and helping their customers make easy and predictable fixed repayments. There’s no better way to encourage businesses to utilise these methods by the guarantee of being paid in full and on time for their hard work.
To help you navigate through common pain points and misconceptions, we have compiled this guide to assist you in making informed purchasing decisions.
Here are some key steps to consider:
During the comparison process, consider the following factors:
- Duration and terms of warranty offered
- Quality of materials used
- Reputation of equipment manufacturers, such as solar panels, inverters, and batteries
- Pre and post-installation services and support offered
By evaluating these factors and gathering multiple quotes, you’ll be equipped to make an informed decision when selecting a vendor.
1. Shop Around
Like any other significant purchase, you should shop around and obtain scope of works and quotes from multiple vendors is essential. Ensure you compare costs of comparable scopes. Comparing quotes not only helps you find the best deal but also allows you to gauge the vendor that aligns with your requirements.
Remember that the lowest quote may only sometimes be the best option when considering factors like lead time, workmanship quality, and post-installation/delivery services.
2. Negotiate, Negotiate, Negotiate!
Once you have obtained several quotes, review the services and products included in each. This comparison will reveal the variations between vendors and their pricing models. With a clear understanding of what is being offered, you can negotiate with vendors to reach a fair price that suits both parties.
To guide your decision-making process, consider asking the following questions:
- Is solar energy suitable for your specific situation? Assess your energy usage and potential optimisation options.
- How many panels or what size of system do you require?
- Is your roof space adequate for the desired system size?
- Will a meter upgrade be necessary, and who will handle the arrangements?
- Do you need a battery as part of your setup?
- What is included in the cost of the system?
- Are there any additional costs to be aware of?
- What are the duration and terms of the warranty offered?
- Research the reputation of equipment manufacturers for solar panels, inverters, and batteries.
- Assess the pre- and post-installation services and support offered by potential vendors
3. Clarity Around Complex Scopes
Complex projects often involve technical product knowledge and professional installation. Understanding the individual and sometimes intricate features of individual projects and whether they align with your needs is essential.
You can find helpful tips and additional questions to ask accredited vendors on Finkey’s vendor network or an existing tradie of your choice. Please note, before you can borrow through Finkey, the tradie of your choice will need to ensure they apply and be successfully accredited as a Finkey network vendor.
At Finkey Capital, we are committed to empowering you with the knowledge and resources needed to make well-informed home improvements that will help you with your sustainability and home efficiency goals. If you have any further questions or require assistance, please don’t hesitate to contact us.
4. Steep Costs?
While various factors may influence the quoted price such as the uniqueness of your home, location, and the variability in the cost of local materials, it’s important to note that engaging a tradie through Finkey should not result in a higher cost of scope. If you suspect you have been quoted a higher price solely because you chose to borrow through Finkey, please contact us.