In this guide, SunValue walks you through the five most popular ways to finance solar — from straight-up cash purchases to more creative schemes like linking payments to your property tax.
The most common solar panel finance options include monthly payment subscriptions, financing through solar installation companies, taking out personal loans, and making use of government grants and schemes.
Solar loans provide a financing solution that enables homeowners to buy and install solar panel systems without having to pay the entire cost upfront. These loans are specifically designed to fund residential solar energy systems, enabling homeowners to retain ownership of the panels while making monthly payments over a period of time.
What is solar finance & how does it work?
Solar finance allows you to spread the cost of a solar panel installation into affordable monthly payments. A deposit is not required for solar finance, but up to 50% can be paid. You can make overpayments at any point. The fund is a regulated product, providing full consumer protection.
Solar panel financing is a means of investing in solar panels by paying for your system in instalments over an established amount of time (usually between several months and up to 20 years).
Do you need a deposit to finance a solar system?
Some manufacturers or installers require a deposit before granting solar panel finance. Depending on the payment plan you opt for, you can spread out the costs of a solar system across several months and up to 20 years. Find out more about each financing option below:
Like all loans, solar finance is not guaranteed but is subject to a lender approval process. Heatable is not the lender - we are the credit broker, but we can introduce you to one of the lenders on our panel. The minimum loan is £2,500. To begin your solar finance application and explore the options, start here.