Finance

Finance your system

Customers can purchase their solar PV system, if their budget allows it. However, if spare cash is needed for other things, it may be wiser to go for one of our funding options.

Enjoy the benefits of solar power without the upfront cost? Our funding partner Lightsource Reneweable Energy provides a number of financial solutions to enable you to install your domestic or commercial solar project as soon as possible.

Solar Power Purchase Agreement (Solar PPA)

This is an agreement between the customer and the funding partner whereby the funding partner installs, owns and operates the solar PV system for FREE. The customer can buy any power produced by the system at a fixed price of 5.0 to 6.5 pence per kWh. The Solar PPA term is 20-25 years and the funder typically guarentees to remove the system from their roof after this period, or you may want to consider an extension.

A Solar PPA is the most convenient way of switching to 'green' energy. Solar power will reduce your electricty cost, while lowering your carbon footprint.

• Fix the electricity price (exclusive of tax) for electricity generated by the system and consumed at a set unit rate (5.0 to 6.5 pence per kWh) subject to RPI.
• Install, maintain and insure the system at no cost.
• Provide an energy monitoring service so you can view the performance of the system and your energy savings.
• Provide an installation warranty for the system and your rooftop.
• The agreement is for 20-25 years. After that you may renew the agreement for up to ten years in two or five year increments. There is also the option buy fully, or extend further.
• You may terminate the agreement by giving 6 months notice after 5 years and paying a fair market value of the system.
• On the expiry date of the agreement, the system will either be removed at no cost, keep it by paying a small fee or enter into a new maintenance agreement.