Caplor Energy Helps Launch New Finance Package for Homeowners
- Published: Wednesday, 01 August 2012 12:11
Leading renewable energy company Caplor Energy has today announced an innovative new finance scheme aimed at homeowners keen to install solar energy systems but without the upfront cash.
The new finance programme is being launched by Caplor Energy in conjunction with well-respected solar panel manufacturer, Sharp Solar. The scheme will allow homeowners the opportunity to install solar PV systems without paying for the installation upfront but instead payback a loan at a much more competitive rate that a personal loan from the bank.
Business Development Manager, Jamie Baldwin says: “We think this could be a real game changer. Research within the industry shows that the upfront cost is the biggest barrier to the uptake of solar energy systems here in the UK. Our deal with Sharp will mean that homeowners will be able to fund the installation through a loan, and then pay that loan back in regular monthly payments. Crucially, the system will be the homeowners from day 1 so they will receive all the feed-in-tariff payments as well as significant energy savings on their bills.”
The Accelerated Payment scheme is to be run by Sharp under their existing partnership with Hitachi Finance – one of the largest consumer finance operators in the UK. Homeowners can chose to pay the loan back – typically at 7.9% APR – over a three to ten year period.
The financial benefits of installing a domestic PV system will offset the monthly loan costs, and is expected to be worth more annually than the loan costs by the end of the loan repayment term.
Sharp Solar is the leading UK solar PV panel manufacturer, and one of only a few PV companies manufacturing panels here in the UK.
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