Turning sunshine into energy savings
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On-farm solar to power farm assets & buildings.
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Use your rural farm property as security for the loan.
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Solar installation completed by a qualified professional.
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Main source of revenue derived from primary production on farm.
- The ASB Smart Solar Loan is available at ASB's discretion, even where lending and eligibility criteria are met.
- If you are not a farmer but still interested in solar there may be other options available. For existing ASB Home Loan customers see ASB Better Homes Top Up. For other solar business loan enquiries see Business Sustainability Loan.
- For more detail on verification and eligibility requirements, please speak to your ASB Rural manager or speak to one of our rural experts. Our team will work with you to assess whether your farm and borrowing purpose meets the eligibility criteria.
Zero reasons not to reach out today.
Try the Solar Calculator and Planner, developed in partnership with Power My Farm, to help you estimate the size and location of the solar system for your farm.
Ready to take the first step towards solar? Enquire now with one of our rural experts.
Why solar, why now?
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Farm electricity costs are rising, with the average '25/'26 season power bill expected to be $28,000 for owner-operated dairy farms. [1]
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Solar systems can reduce your energy costs by up to 40-70% annually - freeing up cash to reinvest into your farm. [2]
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NZ receives 2,000-2,500 sunshine hours annually. [3]
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Reliable energy is critical for farm production and safe storage of produce.
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Survey of 1,000 farmers showed 70% are interested in installing solar. [4]
Sourced from: [1] Dairy NZ Econ Tracker, Farm Economics, [2] SEANZ & Agrisolar Industry Benchmarking 2024, [3] NIWA Mean Average Sunshine Hours report, [4] Rewiring Aotearoa/Federated Farmers survey, March 2025
Understanding the energy demand on your farm
Every farm will have its own unique energy demands - that's why we've partnered
with Power My Farm to develop a Solar Calculator and Planner to help you explore
how solar could work for you.
The Solar Calculator estimates your farm energy use and the size of solar system needed.
The Solar Planner will help you locate a great position on your farm to set up a solar system.
Knowledge that moves the needle
'Electric Farms - Rewiring Aotearoa'
ASB engaged Rewiring Aotearoa to understand solar potential for farms. See link for insights or to download the report summary.
'The Future Use of Land and How to Fund It' Report
We partnered with Lincoln University - who are leaders in agri-research - to create a report that explores the challenge facing the industry of how to meet economic, environmental and social goals and what this might mean in terms of land use in the future. The report focuses on pathways the sector can consider, including how New Zealand can harness the power of new technology. See report for some industry examples on solar.
Enquire now
Talk to your ASB Rural Manager or fill out the enquiry form below.
Enquire online
Fill in our enquiry form and we will connect you with the right team.
Talk to an expert
Our rural experts can help you understand your land.
ASB Bank Limited's lending criteria and terms apply. Only available for existing or new ASB Rural customers and only for professional installations of on-farm solar equipment on your rural property. Applicants must meet ASB's eligibility criteria. ASB will require evidence of the solar installation to our satisfaction. Offer and fees may change. At the end of the 5-year fixed rate period our Floating Base Rate plus applicable margin will apply. An early repayment adjustment may apply if you break a fixed rate term. See business and rural loan interest rates and fees for details. The ASB Smart Solar Loan offer is available at ASB's discretion, even where lending and eligibility criteria are met. Offer available until 30 June 2026 and may be withdrawn at any time.