Eligibility
To be eligible, your home must:
* Be in England.
* Be privately owned.
* Have a smart meter fitted.
What are Solar Panels
Solar panels, or photovoltaics (PV), capture the sun’s energy and convert it into electricity to use in your home.
Installing solar panels lets you use free, renewable, clean electricity to power your appliances. You can sell extra electricity to the grid or store it for later use.
How do solar panels work?
When the sun shines on a solar panel, solar energy is absorbed by individual PV cells. These cells are made from layers of semi-conducting material, most commonly silicon.
The PV cells produce an electrical charge as they become energised by the sunlight. The stronger the sunshine, the more electricity generated. But cells don’t need direct sunlight to work and can even work on cloudy days.
This electrical charge creates a direct current (DC) of electricity.
The direct current passes through a solar inverter to turn it into alternating current (AC) electricity.
You need AC electricity to run your household appliances.
The scheme in a nutshell
The aim of the scheme is that the monthly income generated by the panels, outweighs the monthly cost of the loan to buy them.
E.G.:
Current Electric cost per month: £100
Savings made from the panels and battery per month: £150
Cost of the loan per month: £80
Profit per month: £70
Please note that this is an example and you will be provided with your own figures relating to the property and panel configuration, before you decide to go ahead.
Register your interest now.
You will be contacted by one of our advisers to see if we can help you.