E.ON launches range of interest free options to help spread the cost of home solar and battery technology
At E.ON, we’re constantly looking for ways to provide smarter, sustainable solutions for our customers. We’re committed to ensuring our customers have a range of affordable options to help them become part of the energy revolution.
Homeowners looking to fit solar panels and batteries now have more financing options than ever before, enabling them to spread the cost of a new solar system over one, two or three years with interest free credit.1
E.ON is committed to helping to support the UK’s target to produce 30% of its energy from renewable sources by 20202. By offering a range of flexible payment options, homeowners can now take advantage of E.ON’s solar and battery technology and save money on their energy bills today, while paying for them in the way that best suits their requirements, either via finance or by making an up-front payment3.
With solar and battery, customers can generate and store their own clean energy, save money on energy bills throughout the year and be more independent from the grid.
Solar customers who opt for battery storage systems use 30% more of the electricity they generate than with solar panels alone4. The battery stores spare electricity they’ve generated during the day and, rather than exporting it straight to the grid, allows them to use it that night.
Dr. Jon Kirby, Head of Solar and Storage at E.ON UK, said: “At E.ON, we’re constantly looking for ways to provide smarter, sustainable solutions for our customers. We’re committed to ensuring our customers have a range of affordable options to help them become part of the energy revolution.
“Whether that’s installing solar panels and battery systems, installing a new efficient boiler, or getting a tadoo smart thermostat, we’re proud to offer a range of practical solutions so customers can choose to the make the changes they feel are best for them and their home.
"We know that the upfront costs of certain sustainable technologies can be a real barrier for some people. And that’s where these new options can help – by making solar and battery technologies as affordable as possible, giving homeowners more options to take control over their home’s energy than ever before.”
This announcement follows on from the recent launch of Solar Reward which was the first-of-its-kind payment scheme designed to pay new solar installation customers for energy they export back to the grid following the end of the Government’s Feed-in Tariff (FiT) subsidy scheme. Solar Reward provides 5.24p per kilowatt-hour (kWh) of energy exported back to the grid5.
For more information about solar and battery technology from E.ON, visit eonenergy.com/solar
Notes to editors
This press release is issued on behalf of E.ON Energy Installation Services Limited.
E.ON is a credit broker and not the lender.
E.ON Energy Installation Services Limited is registered in England and Wales under company number 09965944 with its registered office at Westwood Way, Westwood Business Park, Coventry, CV4 8LG and is authorised and regulated by the Financial Conduct Authority in relation to credit broking services under number 750410. E.ON Energy Installation Services Limited act as a credit broker and not a lender and work exclusively with Creation Consumer Finance Ltd who acts as the lender. Credit subject to status, terms and conditions apply.
Credit applicants must be a UK resident aged 18 or over and under 75 years old at date of application. Offer is subject to status. Terms and conditions apply and can be found at eonenergy.com/solar.
These are example figures only. Savings are based on a south-facing property in central England with a 40-degree roof tilt and no shading, with electricity consumption of 4,900 kWh. Saving assumes fitting 14 x 305W panels and a 9.0 kWh battery and an electricity cost of 15p/kWh.
Solar Reward incentive payment is paid on the assumption that 50% of generation is exported. Solar Reward export payments apply for the first year only from time of install. Limited to the first 500 customers. Info correct at time of launch 28th March 2019. For new installs only.