Make Solar Affordable with Flexible Finance
Solar PV is one of the most cost-effective home improvements available, but the upfront cost can be substantial. To make solar accessible to as many households as possible, we offer a range of flexible finance options designed to suit different budgets and financial situations. Many customers find that monthly finance payments are less than the energy savings they achieve from day one — meaning the system effectively pays for itself from the moment it's commissioned.
We work exclusively with reputable, FCA-authorised UK finance providers offering transparent terms and competitive rates. There are no hidden fees, no early settlement penalties on most products, and full pre-application checks to ensure any finance arrangement is appropriate for your circumstances. As licensed credit brokers (not lenders), we're not paid more for recommending one product over another — we'll always recommend the option that suits your needs best.
Available Finance Options
0% APR Interest-Free Finance
Subject to status and credit checks, we offer 0% APR finance options for qualifying customers, allowing you to spread the cost of your solar installation over 12-24 months at no extra cost. This option suits customers who can comfortably afford slightly higher monthly payments to clear the balance quickly without paying any interest. 0% finance is typically available for system costs between £2,000 and £15,000, with a minimum 10% deposit usually required.
Fixed-Rate Solar Loans (5-15 Years)
Our fixed-rate loans allow you to spread the cost of your installation over 5-15 years with consistent monthly payments. Interest rates are competitive and locked in for the loan term, providing complete certainty about your monthly costs. Loan amounts are available from £3,000 to £50,000, suitable for everything from modest residential systems through to comprehensive solar plus battery plus EV charger installations. There are no early settlement penalties, so you can pay off the loan early if you wish.
Buy Now Pay Later
Our Buy Now Pay Later option lets you delay payment for 6-12 months after installation, with no interest accruing during the deferral period. This works particularly well for customers expecting a future cash injection (perhaps from an investment maturity or property sale) but wanting to start saving on energy bills immediately. After the deferral period, the balance can either be paid in full or transferred to a fixed-rate loan over 5-10 years.
Solar Together / Group Schemes
If you live in an area participating in a Solar Together community scheme, additional discounts may be available through bulk purchasing arrangements. Several local authorities in Greater Manchester have run Solar Together schemes in recent years, offering 20-30% discounts compared to typical individual prices. Contact us to find out if any current schemes apply to your area.
How Solar Finance Works in Practice
Most Nova Volt Solar customers find that solar finance is genuinely 'cash flow positive' from day one — the energy savings from the new system exceed the monthly finance payments, leaving them better off each month while building equity in their solar installation. Here's a typical example for a Manchester home with a 4 kWp solar system and 5 kWh battery:
- System cost: £9,500 (after 0% VAT)
- Annual electricity savings: £1,400 (typical)
- Monthly savings: ~£117
- 10-year loan at 7.9% APR: ~£114 monthly
- Net monthly position: +£3 per month from day one
- After 10 years: System owned outright, savings continue for further 15-20+ years
Of course, energy prices, your specific consumption patterns, and finance rates will vary your individual situation, but this illustrates the principle. We'll provide a detailed breakdown specific to your circumstances during the quotation process.
The Application Process
Applying for solar finance through Nova Volt is straightforward. Once you've decided to proceed with your installation, we'll discuss your finance preferences and submit applications to appropriate lenders on your behalf. Initial decisions are typically returned within 24-48 hours, and full approval usually within 5 working days. We handle all the paperwork as part of our service, so the process is largely invisible to you.
Credit decisions depend on the lender's individual criteria, but we work with multiple providers to maximise the chances of approval. Even if you've been declined for credit elsewhere, we may still be able to find an appropriate finance solution. We're transparent about likelihood of approval and never submit applications without your explicit consent.
Capital Allowance Tax Benefits for Businesses
For business customers, solar PV installations qualify for full capital allowances under the Annual Investment Allowance, allowing the entire system cost (up to £1 million per year) to be written off against taxable profits in the first year. For a typical commercial system costing £30,000, this delivers immediate tax savings of £5,700-£7,500 at standard corporation tax rates, dramatically improving after-tax returns.
Asset finance options for businesses include fixed-rate loans, hire purchase, and operating leases, with payments structured to match the cash flow benefits of the solar installation. Our commercial finance team can model different funding scenarios to identify the optimal approach for your business situation.
Power Purchase Agreements (Commercial)
For larger commercial installations, Power Purchase Agreements (PPAs) provide an alternative to direct ownership. Under a PPA, a third-party investor funds and owns the solar installation, while you simply purchase the generated electricity at a discounted rate compared to grid prices — typically 15-30% below your current electricity costs. PPAs eliminate upfront capital requirements entirely while providing immediate energy savings, making them attractive for organisations with limited capital or competing investment priorities.
Discuss Your Finance Options
The right finance option depends on your specific circumstances, financial preferences, and goals for the installation. Our finance specialists will explain all available options clearly and help you identify the approach that best suits your situation. There's no obligation to take finance through us — many customers prefer to use their own bank or building society for funding, and we're happy to provide whatever paperwork you need to support an external finance application. Contact us today on 0330 223 7664 to discuss your solar finance options.
Important Information: Nova Volt Solar is a credit broker and not a lender. Finance is subject to status, terms and conditions, and credit checks. Representative APR varies by product and credit profile. We work with FCA-authorised lenders. We may receive a commission for arranging finance on your behalf — this does not affect the rate or terms you're offered. Full terms and conditions are provided with each finance application.