Solar's expensive, so split (the cost) like cheap underwear.
Thanks to soaring energy costs, the current payback period for solar energy is at its most favourable, driving a surge in households across the UK choosing to lessen their dependence on the National Grid and greedy energy suppliers.
Recent data from the MCS reveals that over 1 million households in the UK have already embraced solar panel installations.
The sun provides enough energy each day to power the world power demands by over 10 times. This abundant energy source is free for everyone to harvest. Having the funds to install the equipment needed to capture this free energy prevents many consumers from entering the market.
At Heatable, we've been diligently pursuing partnerships with lenders who share our commitment to promoting green initiatives. Our goal is to ensure that the adoption of sustainable technologies remains within reach for everyone, even those unable to afford an outright purchase.
We firmly believe that if access to these vital green technologies remains limited to those with substantial financial means, progress will be significantly delayed. In alignment with our vision, Heatable has successfully secured a £100 million green fund.
This fund is specifically designed to empower customers, enabling them to invest in energy-efficient and carbon-saving technologies.
PS We offer MCS-certified solar panel installation nationwide. Simply answer these questions, get your fixed price and arrange your free design.
Solar Finance Key Points:
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.
You can spread the costs of a solar array from 36 to 120 months (with an interest-bearing loan).
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.
Why trust us?
Trading since 2013, fully FCA regulated and an MCS-accredited solar installation company, we have a proven track record of delivering and extensively testing numerous residential solar projects throughout the UK. Our reviews and insights are sourced directly from our dedicated solar experts.
Explore a Solar Case Study: Check out an insightful Q&A session featured in one of our detailed case studies on domestic solar panels. Hear directly from a Heatable customer in the UK and gain valuable perspectives on their experience here.
The image above shows a 23-panel solar installation, carried out by the MCS-certified solar team at Heatable, featuring the REA Fusion2 solar panels.
What is A Pay Monthly Solar Finance Plan?
As the name suggests, a solar finance plan allows you to spread the cost of a new solar panel installation rather than paying the total cost upfront using cash.
How to buy solar on Finance UK
The first step is to get your fixed online solar quote, which takes a few minutes to complete.
Next, review your fixed price proposal with one of our design experts and select your solar finance plan that includes everything required for your installation.
Get your new solar array installed in as little as 2 weeks.
Continue to receive support - we are always here happy to help with any issues that may arise, hence why we are an MCS accredited installer and all our solar installations come with a 24-month workmanship warranty.
Solar Panel Finance FAQs
Do I need a deposit for solar finance?
If approved, no you do not need to pay a deposit for solar panel finance, however, you can contribute up to 50% if desired.
Many people prefer to pay a deposit as this can help to reduce the overall monthly repayments.
What are the repayment periods?
How long do you have to pay back the solar finance?
The repayment period for solar panel finance starts at 36 months, but you can extend this, all the way to 120 months if so desired.
In general, the longer the repayment period, the more you will end up paying in the long run, so this is worth bearing in mind.
PS Did you know that solar panels can be installed on garage roofs and that smart meters are recommended for use with domestic solar arrays.
Pay monthly solar finance summary:
No deposit required (up to 50% optional)
Make overpayments at any time
Spread the cost over 36 to 120 months
Interest rates from 9.9% APR
All applications are subject to the status
Still, learning about solar? Check out our guides on how many solar panels you need and how solar car charging works.
Best Solar Finance Deals (Illustrative Purposes Only)
Below you can see a solar finance example for a solar array consisting of 10 solar panels and what you might expect to pay:
APR | Deposit | Loan Amount | Term | Monthly Payment | Interest | Total Payable | |
9.9% | £0 (0%) | £7,495 | 36 months | £215.04 | £1,026.44 | £7,741.44 | |
9.9% | £0 (0%) | £7,495 | 60 months | £140.96 | £1,742.60 | £8,457.60 | |
9.9% | £0 (0%) | £7,495 | 120 months | £86.82 | £3,703.40 | £10,418.40 |
The above table shows representative examples only: last updated April 2024.
Solar Finance with Battery Storage Examples
Below you can see a solar finance example for a solar array consisting of 10 solar panels, plus battery storage and what you might expect to pay:
APR | Deposit | Loan Amount | Term | Monthly Payment | Interest | Total Payable | |
9.9% | £0 (0%) | £11,295 | 36 months | £361.71 | £1,726.56 | £13,021.56 | |
9.9% | £0 (0%) | £11,295 | 60 months | £237.10 | £2,931 | £14,226 | |
9.9% | £0 (0%) | £11,295 | 120 months | £146.03 | £6,228.60 | £17,523.60 |
The above table shows representative examples only: last updated April 2024.
Still learning about solar panels? Explore our helpful guides on various topics, including solar panel grants, payback periods, the mechanics of solar energy, determining the number of panels you need, and solar car charging solutions.
Next Steps For Your Solar Journey:
When planning to install solar panels for your home, there are several important factors to consider. Make sure to refer to the following guides to help you make informed decisions:
To dive deeper into these topics, head over to our advice section, check out our YouTube channel for informative videos, or read a customer case study to see how others have benefited from their solar installation.
Get a Quote for Solar Today
Without boasting you should get your solar installed with us, here's why:
Thousands of Happy Customers: We boast an average score of 4.9 on Trustpilot, outperforming the market leader.
Which? Trusted Trader: Heatable is proudly recognised as a Which? Trusted Trader.
MCS Accredited: Our accreditation by the Microgeneration Certification Scheme (MCS) ensures high-quality standards.
Exclusive Panels: We offer REA Fusion solar panels, available only through Heatable.
Consumer Protection: As members of the HIES consumer code, we provide 2-year deposit protection.
Flexible Payment Options: Choose from multiple payment methods, including finance options.
Fixed Price Guarantee: Enjoy transparency with no hidden costs.
Save Your Quote: You can save your quote and decide later.
Bespoke Design Tool: Draw your own conclusion (literally) on whether solar is worth it for you, here.
