Solar panel finance lets you spread the cost of a new solar installation with fixed monthly payments rather than paying everything upfront.
- Can you get solar panels on finance in the UK?
- How does solar panel finance work?
- Do you need a deposit for solar finance?
- How long can you spread the cost over?
- Can you finance solar panels and battery storage together?
- Is 0% solar finance available?
- What affects your monthly solar payment?
- How to buy solar on finance with Heatable
- Example solar finance repayments
- Solar Finance with Battery Storage Examples
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.
At Heatable, we offer pay monthly solar finance for eligible homeowners across the UK, including options for solar panels with battery storage. You can choose a repayment term that suits your budget, make overpayments, and get a fixed solar quote before you apply.
Heatable is a credit broker, not a lender. Finance is subject to status and lender approval.
PS We offer MCS-certified solar panel installation nationwide. Simply answer these questions, get your fixed price and arrange your free design.
🔑 Solar finance at a glance:
Spread the cost of solar with monthly payments
No deposit required, with the option to pay up to 50% upfront
Repayment terms from 36 to 120 months
Overpayments allowed
Minimum loan amount: £2,500
Solar battery storage can be included
Finance is subject to lender approval and affordability checks
To begin your solar finance application and explore the options, start here.Â
Can you get solar panels on finance in the UK?
Yes. Many UK homeowners choose to buy solar panels on finance to avoid the large upfront cost of installation.
Instead of paying for the full system in one go, you can spread the cost over an agreed term.
This can make solar more accessible, especially if you want to install a larger system or include battery storage.
How does solar panel finance work?
A solar finance plan allows you to borrow the cost of your installation and repay it in monthly installments over a fixed term.
The exact monthly cost depends on:
the total installation price
whether you pay a deposit
the loan term you choose
the APR offered by the lender
In most cases, a longer term reduces the monthly payment but increases the total amount repayable.
Do you need a deposit for solar finance?
No. If approved, you can finance your solar installation without a deposit.
You can also choose to pay a deposit of up to 50% if you want to reduce the loan amount and lower your monthly repayments.
How long can you spread the cost over?
Solar finance terms typically range from 36 to 120 months.
That gives you flexibility to balance:
lower monthly repayments over a longer term
lower total interest over a shorter term
Can you finance solar panels and battery storage together?
Yes. In many cases, you can include battery storage in the finance agreement alongside your solar panel installation.
This can be useful if you want to store more of the electricity your panels generate and use it later in the day, rather than exporting it back to the grid.
Still, learning about solar? Check out our guides on how many solar panels you need and how solar car charging works.Â
Is 0% solar finance available?
Some providers advertise 0% solar finance or other promotional offers, but availability depends on the installer, lender, term length and current funding arrangements.
If you are comparing finance options, check:
whether the rate is fixed
whether a deposit is required
how long the promotional rate lasts
the total amount repayable over the full term
What affects your monthly solar payment?
Your monthly repayment will usually depend on five main factors:
1. System size
A larger solar array costs more and increases the amount financed.
2. Battery storage
Adding a battery usually increases the installation cost, but it may improve how much of your solar electricity you can use at home.
3. Deposit amount
Paying a deposit reduces the balance you need to borrow.
4. Loan term
Longer terms reduce monthly repayments but usually increase total interest paid.
5. APR
A lower APR generally reduces both monthly payments and total repayable cost.
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.
How to buy solar on finance with Heatable
1. Get your fixed solar quote online
Start with our online quote journey to receive a fixed installation price.
2. Review your design and payment options
One of our solar design experts will talk you through your proposed system, including panel layout, battery options and finance choices.
3. Choose the repayment plan that suits you
If you want to spread the cost, you can apply for finance and select the term that works best for your budget.
4. Book your installation
Once approved, we’ll arrange your installation date and support you through the process.
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.
Example solar finance repayments
Below are representative examples showing how monthly payments can vary depending on the term chosen.
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.Â
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:Â
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.Â
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.Â
Get a Quote for Solar TodayÂ
Without boasting you should get your solar installed with us, here's why:Â
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.
