So, in this article, we will answer the question of Is it possible to get funding for solar panels? The answer to this question is straightforward. Yes!
There are several funding options available in the UK to help with the costs of installing solar panels on your roof.
Grid Trade Incentives
Since the removal of the Government Feed-in Tariff on the 1st of April 2019, energy suppliers such as Social Energy have come up with new tariffs to help with the funding of solar panels.
By installing battery storage and new grid trade AI, along with your solar panels, you are now able to claim new grid trade incentives for trading solar energy on the national grid.
These new grid trade incentives provide a great funding option to help pay for a solar panel system over time and period that suits the property owner.
Solar Panel Funding
Solar Panel Funding has just launched a new solar panel grant scheme to help combat fuel poverty; this fantastic new grant is funded entirely by Solar Panel Funding without any help from the Government.
If you qualify for the Solar Panel Grant, Solar Panel Funding will install solar panels on your roof without the homeowner having to pay a penny.
Solar Panel Funding runs a criteria driven system that is still in development, but the long and short of this idea is that it directed at homeowners living in fuel poverty.
Homeowners that qualify for this incentive will receive a solar panel system, along with all the savings and earnings paid by the panels, completely free of charge!
The Governments statistics estimate that there could be as many as 4.4 million households living with fuel poverty in the UK.
Solar Panel Funding pledges to make a dent in this and will aim to install as many solar panel systems that are commercially possible in 2020.
Smart Export Guarantee (SEG)
SEG will come in to force January 1st 2020 and will mean that licensed energy suppliers will be under obligation to pay homeowners that install solar panels for energy exported to the national grid.
For solar panel installations to be eligible to receive SEG they will need to be certified installations carried out by MCS registered installers, the same as for the previous Government Feed-in Tariff.
Energy companies will be required to set the rate at which they pay for exported energy so, if you already had panels installed, it may be worth considering a switch to the energy supplier paying the highest rate for your generated electricity.
Funding For Solar Panels
So the question has been answered, it is most definitely possible to get funding for solar panels, all of these options are available but will all have different levels of criteria to meet to qualify.
We would suggest first applying for solar panel funding as at least there you will have the possibility of getting free solar panels installed.
If you do not qualify for the free solar panels, you will then have the other options to fund your installation of solar panels.
Photo by Vivint Solar on Unsplash
