egg extend 0% APR offering to Solar & Storage solutions
Team Egg | 27/03/2024
We've made solar panels and storage more accessible by breaking the cost down into monthly payments
At a Glance
We’ve extended our 0% APR finance product (previously only available on Home EV Charging), to include Solar & Storage.
You can use our handy online tool to get an indication of likelihood for finance approval within minutes.
Last year we surveyed our database* to ask them how we can democratise clean energy and make it easier to start their sustainability journey. More than 500 good eggs got in touch and here's what they said:
84% want to make more sustainable life choices 🙌
But 42% thought the clean energy options on the market were too expensive 👎
However, 63% said having financing available would be a big help 👍
Well… you asked, we listened. We’re pleased to announce we’ve extended our 0% APR finance product (previously only available on Home EV Charging), to include Solar & Storage too. Talk about making sustainable choices even easier than before.
You can use our handy online tool to get an indication of likelihood for finance approval within minutes. Once our awesome solar experts have built your personalised Solar & Storage bundle, you’ll have the option to repay through monthly payments over 12 or 24 months with 0% APR finance**, zero deposit required. Of course, if you’d prefer to pay outright, you can still do that easily, too.
Mike Hallam, CEO of egg says: ‘The main barrier to people being able to install green home technology is undoubtedly cost. We want to democratise cleaner energy and we think the best way to do that is to make it accessible for everyone. Our customers have been taking advantage of our financing options on electric vehicle chargers since July 2022 and we can’t wait to add solar panels to the list and help more people in the UK go green in 2024.”
The Energy Saving Trust estimates a typical household with a 3.5 kilowatt-peak solar panel system can reduce their annual bills from between £345 to £545 per year.*** With the rising cost of electricity and more people choosing to renovate and improve their homes rather than move, solar power has become a serious consideration for those who want to look after the planet and their pocket.
Are you ready to invest in a cleaner and greener future?
Get your free solar quote today
*Data taken from Egg's internal database in November 2023 with a response of more than 500 surveys combining Egg customers and non-customers aged over 25, living in the UK.
** Finance is only available to UK residents aged 18 or over, subject to status. Terms apply.
Phoenix Renewables Ltd, trading as Egg and The Phoenix Works, is authorised and regulated by the Financial Conduct Authority (Reference 965996). Registered address: Griffin House, 161 Hammersmith Road, Hammersmith, W6 8BS. Company number: 07477370.
***Energy Saving Trust Guide to Solar Panels. Tariffs correct from January 2024