Solar Panel Finance Guide

Solar panels continue to be an eco-friendly way to save money in the long term and are more affordable than you might think. Many young homeowners, eco-conscious buyers, and those looking to lower their monthly energy costs find solar panel finance to be a convenient and cost-effective alternative to paying a hefty upfront fee. In this blog post, we’ll explore solar panel financing, how it works, the costs involved and all the details you need to know to get started on your path to eco-conscious living.

What Is Solar Panel Financing?

Solar financing is an affordable way to pay for solar panel installation in monthly instalments without paying for it all upfront. This allows people to benefit from the immediate savings provided by solar panels without overspending. By financing solar panels, it allows you to spread the costs in a way that best suits your budget, which is excellent for those managing a new mortgage and looking to keep energy bills low.

Solar panel systems are easy to monitor and control through a smartphone app to further optimise performance, track energy usage and view savings from anywhere. Basically, solar panel finance makes owning energy-efficient systems more accessible.

Why Choose To Finance Your Solar Panels?

There are many reasons people are choosing to pay monthly for solar panels. However, not everybody can afford the upfront costs of solar panel installation. The benefits of finance include spreading the costs to manageable payments, which allows those financing to plan their budget accordingly. With solar panels, you benefit almost immediately from lower energy costs. Since financing does not always require a large upfront payment, it’s easier for homeowners to start using solar energy without the financial strain of a large investment.

Solar panels can also increase the value of your property, further benefiting your ROI (Return On Investment). Flexible options put you in control by letting you choose the duration to pay it off, and the option to overpay to reduce your monthly payment rates further. There are even finance options as low as 0% APR on solar panels. Pay monthly while still enjoying lower energy bills.

What Is The Cost Of Solar Panels?

The cost of solar panels can vary based on several factors. These include the size of the house, the quantity of solar panels needed, roof restrictions and the integration of other products, such as battery storage. We recommend consulting with an experienced, trusted provider of renewable energy solutions. In most cases, for average-sized homes, solar panels and battery storage installation can cost around £3,000 to £11,000, but the exact cost still varies.

How To Apply For Solar Panel Financing

Rolling Renewables works with a partner company to offer straightforward payment plans for solar panel finance. The steps for applying for finance are straightforward.

1. Contact Rollings Renewables and consult with a member of our friendly team to receive a quote.
2. Discuss with our finance consultants the best payment option for your budget.
3. Submit a finance application and wait for approval.
4. Get your new solar panels installed and receive immediate savings on your energy bill.

Try out the finance calculator and see firsthand what your monthly repayment options could look like.

Do I Need A Deposit For Solar Panel Financing?

No, a deposit is optional but can help lower monthly payments. Overpayments can also be made to reduce the length of the loan further. Solar finance offers flexibility and provides people with various options to find the repayment plan that works best for them and their budgets. So, you don’t always need a deposit for solar panel financing, but it is beneficial to look at various options such as loan terms and monthly repayments.

Can I Still Get Solar Panels If I Don’t Qualify For A Government Grant?

Yes, you can still receive solar panels even if you don’t qualify for a government grant. Solar panel finance options can be tailored to your own finances to find a plan that best suits you. Financing provides an affordable solution to ease the large upfront costs of solar panel installation. It’s a significant decision, so consider your options, but keep in mind that finance offers flexibility and options for overpayment.

Contact Us For More Information About Solar Panel Financing

More homeowners are choosing solar panels on finance to enjoy the benefits of renewable energy at a flexible rate. If you have any concerns or enquiries, our helpful team can provide all the information you need to know about financing and whether it’s right for you. We also offer ground-mounted solar panels for those with suitable outdoor space.

Contact us for more information or to book a consultation with one of our renewable energy experts. We can help you find the right finance option for your home and budget.