The two firms have partnered to expand Hometree’s solar panel installation financing packages. Image: The Solar Network

The Solar Nation, a network of solar panel installers, has partnered with Hometree to offer finance options for those looking to install residential solar panels.

Hometree’s Solar Plan is a zero-deposit financing option that allows would-be solar panel owners to spread the cost of their solar panel installation for between five and 25 years. Those using the Solar Nation’s installer network can now easily access this financing package, regardless of which local installer they use.

Kevin Holland, MD of The Solar Shed Ltd and founder of the Solar Nation Network said: “The solar industry has been waiting for this solution for over a decade. Short-term, high-interest loans don’t make sense for homeowners installing solar PV, as they don’t mirror the long-term, gradual payback delivered by the systems.

“With Hometree’s Solar Plan, customers can place an order with no upfront cost, have the equipment installed, and immediately reap the rewards of saving on their electricity bills, lower carbon emissions and increased energy independence, whilst spreading payment over the system lifetime.”

Simon Phelan, Hometree Founder and CEO, added: “Like the new UK government, we firmly believe that decarbonising our homes and the UK is the future. Green finance is the way forward to power home decarbonisation, and our innovative leases enable customers to make the transition to renewable energy solutions with confidence.

“This is part of our mission to decarbonise one million homes by 2030, and so, by offering affordable installations, plus ongoing maintenance and servicing, we can help homeowners and support the UK’s net zero targets.”

Hometree’s latest initiative

Hometree has seen significant wins in recent months. In June, the company secured a £250 million asset-backed debt facility from Barclays to support its goal of financing over 28,000 residential solar PV systems, battery storage and heat pump projects over the next two years.

This content was collected from the Internet. If you want to it, please contact grace solar management.