Finance For Solar Panels Uk

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Finance for solar panels uk.

We know that solar panels save energy the planet and your pocket. For people who purchase and install a solar panel system the federal government provides a 26 tax credit for solar panel installation in 2020. You can apply for a solar panel system on finance if you re aged 18 and over with a maximum age of 85 at the end of the agreement a permanent uk resident for the last three years must be employed retired or in receipt of long term disability allowance and must not be unemployed a student or a homemaker. We offer solar financing with plans of up to 10 years so you can spread the cost of your solar panel installation and start saving money straight away.

When a homeowner borrows money from a lender they agree to pay it back plus interest in monthly installments over the loan term. The typical payback period for rooftop solar in the united states is 4 8 years depending on the size of your system and the kind of solar panels and other equipment you selected. Solar panel loans are similar to home improvement loans that homeowners have used for decades to build a deck or add a second bathroom to their homes. The solar tax credit also known as the investment tax credit itc is a federal incentive that allows you to claim back 26 of your total solar panel installation costs when you file your taxes.

The entire cost of the solar panels can be financed allowing you to get them installed and start saving on energy costs while paying off the lease. Your solar system will be producing free energy and saving you money from the day it s turned on. Pegasus personal finance works with a diverse selection of lenders across the uk to help customers find the most competitive solar panel loans available with payment plans built to suit your circumstances. We have emerged as a leading company in solar panel financing.