UK energy company Good Energy has launched a new way for homeowners to pay for solar panels to assist households with generating clean electricity and cutting energy bills.
The service allows homeowners to spread the cost of a solar installation over a period of time rather than paying the full amount upfront.
Research commissioned by Good Energy found more than half (51%) of UK adults said the impact of energy prices from geopolitical instability has increased their interest in solar panels, while nearly a third cite energy independence as a key motivation, and long-term savings (46%) on energy bills are the biggest driver of interest in solar.
But affordability remains a barrier with more than a quarter (26%) of UK adults stating lower upfront costs or the ability to spread payments would encourage them to install solar panels.
The new finance option has been launched in partnership with Zopa Bank. Through its FCA Authorised Principle Shermin Finance, Good Energy can connect customers with tailored funding options to support the installation of clean energy technologies.
Customers can install solar with a 25% deposit and spread the remaining balance over a choice of five, seven, eight or ten-year repayment terms at 9.9%APR representative.
A typical 10-panel solar system costing £6,380 could be installed with a 25% deposit of £1,595 and the remaining balance financed over 10 years with monthly repayments of £62. The household is also able to start generating their own renewable electricity to sell back to the grid.
Growth in demand for solar in 2026 has resulted in Good Energy having its most successful year for commercial and consumer sales.
Carl Hogg, Managing Director at Good Energy Services, said:
“Households across the UK are continuing to feel the squeeze from high energy costs, and many families are looking for practical ways to take greater control of their household spending.
“We’re seeing more people turn to solar because it offers a way to reduce reliance on volatile energy markets and generate electricity at home. At the same time, the impacts of climate change are becoming more visible in everyday life, with extreme weather events bringing home the importance of building a cleaner, more resilient energy system.”
“For many customers, the challenge isn’t whether they want solar; it’s finding a way to manage the upfront cost. By partnering with Zopa, we’re making it easier for more homeowners to spread the cost – which will open up an opportunity for thousands more to start benefiting from home-grown renewable energy.”
Image from Shutterstock
