The Solar Nation partners with Hometree!

The Solar Nation Assured Installer Network is delighted to announce its partnership with Hometree, which has secured a £250 million asset-backed debt facility from Barclays to accelerate the uptake of solar & other renewable technologies in UK homes, through its industry-first finance packages.

Hometree’s Solar Plan is a zero-deposit, all-inclusive lease that makes residential solar & battery installations affordable & accessible for more households, many of whom would be priced out by the high initial investment. With no upfront cost & flexible terms up to 25 years, homeowners can spread the cost through low monthly payments while they benefit from energy savings, in some cases making a net saving from day one. Performance monitoring and unlimited repairs are included, to provide peace of mind around system efficiency & ongoing maintenance costs, a key advantage for those considering new technologies.

Kevin Holland, MD of The Solar Shed Ltd & the Solar Nation Network founder 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.”
Holland went on to add: “This is much more than a payment option. Hometree is the challenger residential energy services company, trusted by over 100,000 customers to take care of their home services. They will look after the client’s solar system for the plan’s lifetime – including repairing and replacing equipment beyond the manufacturer’s warranty term. Now, through our partnership, customers can access the package with expert design and installation by local, established solar installers who operate under the Solar Nation banner, which is a benchmark for quality and honesty within the industry.”
Simon Phelan, Hometree Founder and CEO, said: “Installing renewable energy systems, such as solar panels, batteries and heat pumps, is the solution for homeowners facing persistently high energy bills but the high upfront costs can be extremely prohibitive. We’re tackling this problem at Hometree with finance options custom-built for the green energy retrofit market. 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 1 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.”