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$500 Cashback if You Have 5kw or More Solar Panels, CBA Home Loan (Balance $50,000+) & CBA Transaction Account @ CommBank

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$500 Cashback if You Have 5kw or More Solar Panels, CBA Home Loan (Balance $50,000+) & CBA Transaction Account @ CommBank
Go to Deal
AssociatedLBehindthemask on 05/08/2019 - 17:03 commbank.com.au (7442 clicks)
Last edited 05/08/2019 - 17:50 by 2 other users

Just saw this and thought I would share. If you have a loan with CBA and an account you can get $500 bucks. Don’t need to borrow for this. And can still have time to get solar added.
Are you eligible?

You may qualify for this limited time $500 cashback offer if:

Installed solar panels have an output size of equal to or greater than 5 kilowatts (kW)
Minimum home loan balance is $50,000 or more
Address where solar panels are installed matches the address we have listed as security for your home loan or investment home loan
Property is not an apartment or commercial property
Account holders have an open Commonwealth Bank transaction account for us to deposit the cashback

Financial Solar

Related Stores

Commonwealth Bank
Commonwealth Bank

closed Comments

  • JimB on 06/08/2019 - 10:09
    +3

    I know I pay too much interest with CBA, but better $500 in my pocket than theirs.

    Can't refinance unfortunately due to current lending criteria.

    • JimB on 06/08/2019 - 12:02

      OK.. application for $500 has been lodged via my banker.

      Thank you OP.

  • denz02 on 06/08/2019 - 10:40

    I am in the same boat can’t refinance so will be stuck with them for long time. I will head to the local branch if weather permits today and apply.

    • JimB on 06/08/2019 - 12:08

      Fortunately I have a reasonable rate (well not compared to loans.com.au).

      Never thought the day I complain about a sub 3.5% home loan as being too expensive! lol

  • psmedley on 06/08/2019 - 10:55
    +2

    My Lending Manager processed the claim on my behalf this morning, said it might take 4 weeks to receive the funds.

    • BreadTwo on 09/08/2019 - 14:41

      Did u get any receipt? or Document that shows u applied? My branch didn't give me anything I just get a reference number?
      someone did mine who was unprofessional. I'm a bit worrying.

  • bjeffs on 06/08/2019 - 11:00
    +2

    Just went into a branch with my invoice and certificate of compliance and they submitted it.

    Was also told 4 week wait.

    Awesome news, $500 back into my pocket!

  • ribze1 on 06/08/2019 - 11:18
    +1

    Love it how some people still manage to complain about this.

  • mariaB on 06/08/2019 - 11:24

    Went into my branch today and they did not know anything about it … called the number and have to submit through netbank

  • tpopi on 06/08/2019 - 11:58

    Also went into my branch today - took a while as they had no idea about it, but eventually was submitted (took copies of my paperwork in) and bank employee said it looked like I was eligible and I will be contacted to confirm which account for deposit of cashback!

    • mariaB on 06/08/2019 - 12:15

      My branch did not lodge for me :( :( just called the number that I could have done .. they did their best with the info they had I suppose but I would have liked to get it lodged today (I had all the docs with me)

      • tpopi on 06/08/2019 - 12:28

        Don’t know why they wouldn’t do it, clearly says on the CommBank site that you can Visit a Branch to claim…

  • keejoonc on 06/08/2019 - 12:17

    I have a solar system installed by previous owner. Any idea how I would go about getting the necessary paperwork?

    • lostn on 06/08/2019 - 12:37

      Speak to the previous owner?

      • keejoonc on 06/08/2019 - 17:44

        Not an option unfortunately. They were uselss anyway. Didn't have manual and documentation for anything related to the house.

    • DryScissors on 06/08/2019 - 13:21

      Check out the forms on the web site. It explains what you need to do.

  • Zachary on 06/08/2019 - 12:20

    Wow, this'll be great…..if only I had a $50k homeload and 5KW min solar panels…also why is OP in penalty box?? What did he do wrong? No wonder no questions here have been answered by him…

  • luffyex2010 on 06/08/2019 - 12:33

    The Game of Waiting begins.

    • lostn on 06/08/2019 - 12:38

      Can't wait to see season 8 of that show.

      • khomeini on 06/08/2019 - 17:43

        Next episode "Watching the paint dry"…

  • DryScissors on 06/08/2019 - 14:04

    My branch had no idea about it but we’re willing to learn. The lady told me I needed to provide additional paperwork until I pointed out that it said “Paid tax invoice OR…” Finally got there.

  • Hunter14 on 06/08/2019 - 14:58

    Can we claim now and refinance once we get the cash?

  • Jdog88 on 06/08/2019 - 15:46
    +1

    Made a 2 minute phone call to the 1300 number this morning. he confirmed i was eligible, sent me an email with a reference number. I sent the certificate with the reference number back to the requested email and now just need to wait.

    Currently paying 3.55% with 100% offset. curious to know what others are paying at CBA? (Not interested in other banks, i can look that up myself)

    • khomeini on 06/08/2019 - 17:48
      +1

      Good question, I'm also interested in hearing what others have as their interest rates.

      (For the record, I was with CBA but moved to BOQ specialist so as per your request will not share what I rates I get)

      • denz02 on 06/08/2019 - 19:22
        +1

        Went to the branch they had no idea but they called the head office scanned the documents and of it went.

        I am fixed so probably doesn’t count till January currently paying 3.89%

    • akyeeeahdude on 06/08/2019 - 22:36
      +1

      You're doing pretty well. I was stuck on 3.70% variable with offset (Wealth Package). I asked the question tonight when I was enquiring about the solar and they took it down to 3.53%.

    • 22slurpee on 07/08/2019 - 07:07
      +1

      3.46% wealth package, PPOR

    • psmedley on 07/08/2019 - 08:12
      +1

      3.43% here

      • akyeeeahdude on 07/08/2019 - 19:35

        Is your loan balance a decent amount (at least $500K)?

    • lgacb08 on 07/08/2019 - 19:58

      I rang them yesterday and they offered me 3.38 with offset but wouldn't budge on annual fee so I still hesitate

      • akyeeeahdude on 07/08/2019 - 23:12

        Nice. I'm guessing you have a loan balance over a million/multiple properties?

    • manish87 on 08/08/2019 - 04:33

      I got 3.38% with 100% offset with wealth package

      • uavaus on 02/09/2019 - 11:16

        Hi @Manish87, that's pretty good deal - I am on the same deal with the CBA (Wealth Package,100% offset etc.) but I am paying 3.43% and they wouldn't give in although I threatened them to switch banks (they know how much hassles involved so don't fall for my threats). Which branch are you dealing with? Thanks

        • manish87 on 02/09/2019 - 12:03

          Hi
          I have been dealing with one of their lending manager directly. She looks after my finances. She has moved couple of times in last few years but currently located in Caroline Springs branch. Cheers

  • anonymoususer on 06/08/2019 - 18:42

    Parent have Solahart like:
    https://www.google.com/search?q=solahart&safe=strict&client=…

    is Solahart qualify for this deal?

  • codeworxsteve on 07/08/2019 - 14:52
    +1

    Just called the phone number - they create a case number (reference number) on your behalf and convey these details back through your netbank inbox. The instructions include the email address to submit your final application to including the required attached documentation.

  • Ashg87 on 08/08/2019 - 06:14

    Thanks heaps for posting this deal!

  • pabbins on 13/08/2019 - 12:58

    Called Comm Bank, Got Reference Number, Email all the details and attachments as requested… Will have to wait for 4 weeks to get $500 in my Bank Account :)

    Thanks OP ..!!

  • Spootage on 22/08/2019 - 08:48

    Anyone received their payment yet? I know it says up to four weeks but would be interesting to see when people start seeing the cash.

    • adam on 23/08/2019 - 18:38

      Not yet.

    • manish87 on 27/08/2019 - 10:32

      Not yet…it’s been over 3 weeks

      • Spootage on 27/08/2019 - 10:53

        Exactly 3 weeks to the day for me. I'm hoping it comes in before Sunday as I have plans for that money!

  • m0nkeycheese on 24/08/2019 - 00:59

    Got my solar install finished today to take advantage of this deal. The things ozbargain makes me buy lol

  • Jdog88 on 29/08/2019 - 11:42

    anyone been paid yet?

    • Spootage on 29/08/2019 - 13:51
      +1

      Not yet. I'm refreshing netbank multiple times a day, haha.

      • Viper8 on 01/09/2019 - 00:21

        Get the cba app and turn on notifications. No need to check manually.

        • Spootage on 01/09/2019 - 08:06

          I’m not sure about that. The auto-reply email I got when I submit the application states:

          If your request is approved, the $500 cashback will be credited to your Commonwealth Bank transaction account after this time, without further communication. You’ll see it in your transaction listing with a description of ‘$500 cashback’.

          • Viper8 on 01/09/2019 - 09:11

            @Spootage: You get notified of every transaction in the app, ever, instantly. I've been using it for years…

            They're not email notifications.

            • Spootage on 02/09/2019 - 09:03

              @Viper8: Touche. Never thought of that. The only money I ever have coming in is my fortnightly pay and I don't need a notification for that!

  • NoobTan on 03/09/2019 - 14:22

    Confirmed receipt of $500 in my bank today description "GREEN CASHBACK" exactly 4 weeks (to the hour) from the day I applied.

    • adam on 03/09/2019 - 14:22

      Just got mine too.

  • ttlooshan on 03/09/2019 - 14:22

    The eagle has landed folks! Just got my 500 dollarydoos from Commbank. Woohoo!!

  • dsp26 on 03/09/2019 - 14:22

    Just an update, my $500 just came in with description "Green Cashback". - Application lodged in Branch 6th August

  • Nikovegna on 03/09/2019 - 14:26

    Got my $500 today. Thanks OP.

  • uavaus on 03/09/2019 - 14:39

    Got my one today too, looks like CBA is processing them all eventually.Thanks OP!

  • darthsparrow on 03/09/2019 - 14:47

    Just received my payment as well. Thanks again, OP!

  • Spootage on 03/09/2019 - 14:50

    Got mine today too. Although, they paid it into my wifes personal account instead of my account and I was the one who submit the application.

  • manish87 on 03/09/2019 - 14:59
    +1

    Enjoy the small windfall folks. Got mine in account too.

  • DryScissors on 04/09/2019 - 14:29

    Just got mine

  • hariinnamuris on 05/09/2019 - 10:54

    Received mine .. Nice

  • Ordered on 09/09/2019 - 14:56

    I was declined with 4940w of panels, CBA citing "it's not 5kW."

    • Zachary on 09/09/2019 - 22:38
      +3

      ooof, technically they're right since you're off by 60W to meet that minimum 5k mark but badluck for them not making an exception being close to the mark….

  • Viper8 on 14/09/2019 - 15:24

    Edit*
    Received mine 2 weeks ago, 3 weeks after submission for a new install.

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