Affordable Finance for Solar Panels in Newcastle upon Tyne
We believe that the benefits of solar energy should be accessible to everyone, regardless of budget. That is why we offer a range of flexible finance options that allow you to spread the cost of your solar panel installation into manageable monthly payments. In many cases, your monthly repayment will be less than the savings you make on your electricity bills, meaning your solar panels effectively pay for themselves from day one.
All our finance products are provided through FCA-authorised and regulated finance partners. We offer transparent, straightforward finance with no hidden fees, no early repayment penalties, and competitive interest rates. Whether you prefer to pay outright, take advantage of our interest-free option, or spread the cost over a longer term, we have a solution to suit your needs.
Our Finance Options
| Finance Plan | Term | APR | Monthly From* |
|---|---|---|---|
| 0% Interest-Free | 12 months | 0% APR | £375/month |
| Low Rate | 3 years | 3.9% APR | £145/month |
| Standard | 5 years | 5.9% APR | £95/month |
| Extended | 7 years | 6.9% APR | £75/month |
| Long Term | 10 years | 7.9% APR | £60/month |
| Buy Now Pay Later | 12 months deferred | 0% during deferral | £0 for 12 months |
*Based on a typical 4kW solar panel system at £4,500. Representative example: Cash price £4,500, deposit £0, total amount of credit £4,500, 60 monthly payments of £95.23, total amount payable £5,713.80, rate of interest 5.9% per annum fixed, 5.9% APR representative. Finance subject to status and affordability.
0% Interest-Free Finance
Our most popular finance option allows you to spread the cost of your solar panel installation over 12 months with absolutely no interest to pay. This means you pay exactly the same price as a cash customer, just spread over monthly instalments. Combined with the savings on your electricity bills, many customers find they are better off from the very first month.
The 0% finance option is available on all residential solar panel installations up to £15,000. A minimum 10% deposit is required, and the remaining balance is split into 12 equal monthly payments.
Buy Now, Pay Later
Our Buy Now, Pay Later option gives you 12 months before your first payment is due. This means you can start benefiting from reduced electricity bills immediately, building up savings that can then be used to cover your repayments when they begin. It is the perfect option for homeowners who want to start saving right away without any immediate financial outlay.
How to Apply
Applying for finance is straightforward and can be completed as part of your quotation process:
- Get a Quote: Contact us for a free, no-obligation quotation for your solar panel installation.
- Choose Your Finance: Once you have your quote, discuss your preferred finance option with your sales consultant.
- Quick Application: Complete a short online application form. The decision is usually instant.
- Approval and Installation: Once approved, we schedule your installation at a time that suits you.
- Start Saving: Your solar panels begin generating free electricity from day one, offsetting your monthly repayments.
Frequently Asked Questions About Solar Finance
Finance is subject to status and affordability checks. Most homeowners aged 18 and over with a regular income are eligible. The application process is quick, and you will receive an instant decision in most cases.
No. All our finance products allow you to make early repayments or pay off the balance in full at any time without any penalties or additional charges.
A minimum deposit may be required depending on the finance product chosen. For our 0% interest-free option, a 10% deposit is required. Other products may be available with no deposit.
Yes. All our finance options are available for the full range of products and services we offer, including battery storage systems and EV charger installations.
Our finance is provided through FCA-authorised and regulated finance partners. Newcastle Solar Panels acts as a credit broker and not a lender.
Ready to explore your finance options? Contact us today for a free quote and finance consultation. Call 0330 223 7664 or request a callback.