Householders who want to install solar panels on their roof, but don’t have the cash up front to pay for them, can now access green energy finance that enables them to not only purchase a system, but also keep all of the energy saving and Feed-in Tariff (FiT) benefits, says providers SunGift Solar.
“These loans are a breakthrough for homeowners in the south west who are interested in solar PV but don’t have the initial capital to buy a system,” said Gabriel Wondrausch, managing director at SunGift Solar.
“We believe that renewable energy should be affordable for everyone, and this scheme will ensure that green electricity is not only accessible for homeowners, but also that it generates them a substantial additional income without the capital investment. As a result, householders will fully own the systems on their roofs and receive all of the associated Feed-in Tariff payments.
“One of the biggest worries for many people is rising energy costs,” added Gabriel, “They have risen by 140 per cent in the past eight years to an average of £1,225 per year and are expected to increase to more than £2,200 per year by 2020. Installing solar PV will help householders protect themselves from these price rises and be in control of their own energy future.”
The unsecured finance, which SunGift will provide through Shawbrook Bank, is available at a rate of 9.9 percent for between three and 15 years and for amounts between £1,000 and £50,000.