Solar Loan and Solar Loan Plus from Hometree Finance
Spread the cost of your solar and battery system with fixed monthly repayments over 5 to 25 years. These loans are supported by the Warm Homes Loan Scheme, helping to reduce the cost of finance.
Representative example
| Cash price | £10,000 |
| Deposit | £0 |
| Amount borrowed | £10,000 |
| Term | 25 years |
| 300 fixed monthly repayments of | £69.65 |
| Total amount payable | £20, 895 |
| Representative APR | 7.1% (fixed) |
Price varies, apply for your personal quote. Offers are subject to application, status and finance agreement.
What you get
- Yours from day one, with no property title restriction
- Fixed monthly repayments for the whole term
- £0 deposit, or pay up to 25% upfront to reduce your repayments
- Terms from 5 to 25 years
- Overpay or repay early at any time (an early settlement fee of up to 1% may apply)
- Checking your eligibility won’t affect your credit score, most decisions are instant, and you have a 14-day cooling-off period.
Two ways to pay monthly
Solar Loan: finance only
- Equipment and installation
- Fixed monthly repayments
- Overpay or repay anytime
- Terms from 5 to 25 years
Solar Loan Plus: finance plus system care
- Everything in Solar Loan
- Generation monitoring and fault finding
- Repairs at no extra cost: callouts, parts and labour
- Inverter or battery replaced once each if it fails after warranty and can’t be repaired
- System care 50% off for the first 2 years, then a fixed price for your loan term
- Cancel system care with one month’s notice
Solar Loan Plus adds system care to the same loan
£6.99 a month for the first 2 years (50% off), then £13.98 a month, locked in for your loan term. On the same £10,000, 25-year example, your total monthly payment would be £76.64 for the first 2 years, then £83.63, and the total payable including system care is £24,921. System care is not part of the credit and does not change the APR. You can cancel it at any time by giving one month’s notice; your loan repayments continue.
System care covers equipment faults, not routine upkeep, cleaning or damage covered by home insurance. If your inverter or battery fails after its warranty and can’t be repaired, Hometree Finance replaces each once. Your system needs to stay connected to Wi-Fi for monitoring.
Who can apply
Available to homeowners installing solar, or solar and battery, systems in England and Wales. Not currently available to landlords. Credit and affordability checks apply, and self-employed applicants may need an extra income check. Maximum order value £15,000 for solar only, or £30,000 for solar with a battery.
How it works
- Survey and design. We assess your home and design a system around how you use energy.
- Your quote. We send your itemised quote with a personal link from Hometree Finance to explore your finance options.
- Apply online. Check your eligibility without affecting your credit score, choose your plan and sign online with Hometree Finance.
- Validation and installation. EPVS independently checks your energy forecast, then we schedule your installation. Any deposit is paid to us before installation.
- Pay monthly. Fixed monthly repayments by direct debit to Hometree Finance, starting a few days after installation.
Questions
Is this a government loan?
No. Your loan is provided by Hometree Finance, a trading name of HTG Finance Limited. Hometree Finance is taking part in the government’s Warm Homes Loan Scheme, which supports lower interest rates on loans for home energy improvements.
Is it interest free?
No. You pay interest on the loan. The interest rate depends on the term you choose, and your personal figures will be shown in your finance quote from Hometree Finance before you apply.
What does it cost?
See the representative example above. The price of your system and your monthly repayments depend on your home, the system we design and the term you choose.
Can I pay it off early?
You can overpay or repay early at any time. An early settlement fee of up to 1% of the amount repaid may apply.
Will checking my eligibility affect my credit score?
No. Hometree Finance’s eligibility check won’t affect your credit score. Most decisions are instant and there is no obligation to proceed once approved.
Do I have to pay a deposit?
No. You can choose a £0 deposit, or pay up to 25% of your quote price upfront to reduce your monthly repayments. Any deposit is paid to GreenGenUK before installation.
Can I change my mind?
Yes. You have a 14-day cooling-off period after signing your agreement.
Can I cancel system care?
Yes, at any time by giving one month’s notice. Your loan repayments continue.
Do I own the system?
Yes, from day one. There is no restriction on your property title.
Can landlords apply?
Not currently. Solar Loan and Solar Loan Plus are available to homeowners in England and Wales.
Who do I speak to about my finance?
Questions about the finance, your application or your agreement go to Hometree Finance on 0800 987 1789. Questions about your system, quote or installation go to TLGEC on 01622 832 834.
Important information
Price varies, apply for your personal quote. Offers are subject to application, status and finance agreement. Make sure you can afford payments for the duration of the loan. Missing payments could negatively affect your credit score and may make it more difficult or expensive to obtain credit in the future. Late payment fees may apply.
Available to homeowners installing solar, or solar and battery, systems in England and Wales. Not currently available to landlords. Credit and affordability checks apply, and self-employed applicants may need an extra income check. Maximum order value £15,000 for solar only, or £30,000 for solar with a battery.
Solar Loan and Solar Loan Plus are provided by Hometree Finance, a trading name of HTG Finance Limited. These loans are supported by the Warm Homes Loan Scheme, helping to reduce the cost of finance.
The Little Green Energy Company Limited and HTG Finance Limited are both part of the Hometree group.
The Little Green Energy Company Limited (FRN 1014600) is an appointed representative of HTG Finance Limited (FRN 825534) which is authorised and regulated by the Financial Conduct Authority.
Unit 4, Lynx Park Business Centre, Colliers Green Road, Goudhurst, Tonbridge, Kent, TN17 2LR. Tel 01622 832 834.