Can you spread the cost of solar panels over 7 years?

The upfront cost of installing solar panels can be a barrier for many households. But with our new scheme, you can spread the cost of your solar panel installation over up to seven years. This means that millions of our customers can enjoy the benefits of solar energy without needing to pay everything upfront.

How can we make solar panels more affordable?

Let’s make cheap, clean energy a reality for everyone, one rooftop at a time. Our new finance scheme makes solar panels more affordable. You can buy solar panels now and pay for them in instalments up to 7 years, with no up-front cost, through our partners Zopa.

What is Octopus Energy's 'Buy Now Pay Later' scheme?

Image: No credit) Octopus Energy customers will now have the option to use "buy now, pay later" scheme to fund and install solar panels, thanks to a new partnership with digital lender Zopa Bank. This means that households can spread the cost of installation over several years.

Can you get paid if you use Octopus solar panels?

But that’s not all—if your panels generate more electricity than you use, you can also get paid for the excess through the Octopus Export Tariffs. This allows you to sell any unused solar energy back to the grid, potentially earning you up to £320 a year.

How long does it take a solar system to pay for itself?

After several years of saving on your electricity bills, your solar system will begin to entirely pay for itself; typically this takes about 10 years. But that’s not all—if your panels generate more electricity than you use, you can also get paid for the excess through the Octopus Export Tariffs.

How much money can a solar system save?

According to the Energy Saving Trust, a typical household could save between £400 to £600 per year, depending on your energy use and other factors. After several years of saving on your electricity bills, your solar system will begin to entirely pay for itself; typically this takes about 10 years.