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Funding Residential Solar

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Flexible Funding Options for Residential Solar

Making the switch to solar energy is easier than ever. With a range of funding options available, homeowners in the UK can find a solution that fits their budget. From government grants to flexible payment plans, there’s a way to make solar energy affordable for your home.

1. Government Grants and Incentives

The Energy Company Obligation (ECO4) scheme offers support for energy efficiency improvements, including solar panels, to eligible households. Additionally, the Smart Export Guarantee (SEG) allows homeowners to earn money by exporting surplus energy back to the grid.
2. Personal Loans

Homeowners can secure personal loans from banks or financial institutions to cover the upfront costs of solar installations, spreading payments over an agreed period.
3. Green Energy Loans

Some lenders offer loans specifically designed for renewable energy projects, often with favourable terms to encourage sustainable investments.
4. Buy Now, Pay Later Schemes

Certain providers offer deferred payment options, allowing homeowners to install solar panels immediately and begin payments after a set period.
5. Solar Leases and Power Purchase Agreements (PPAs)

Under these arrangements, a third party installs and owns the solar panels on your property. You then pay for the electricity generated, often at a lower rate than standard utility prices.
6. Adding Solar Costs to Your Mortgage

Some homeowners choose to incorporate the cost of solar panels into their mortgage, especially during refinancing, to benefit from potentially lower interest rates.
7. Local Authority Schemes

Certain councils run initiatives to support solar panel installations, offering grants or interest-free loans to residents. It's advisable to check with your local authority for available programmes.

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Interested in exploring funding options for your solar project? Get in touch today for expert advice and a personalised quote. Start saving on energy bills and contributing to a greener future—let’s get your solar journey started!

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