The section of the UK government that handles the UK Green Deal, which is the DECC (Department of Energy & Climate Change, has outlined how finance can be used by consumers who wish to install PV panels.
The basics of the financing is that consumers can get “up-front” no deposit funding for energy efficient home improvements – in other words Green deal Providers (GDP’s) will lend you the money to install solar panels.
The financing will depend upon meeting the “golden rule”, which broadly says that the energy efficiency savings made as a result of installing the improvement (over the lifetime of the installation) must at least be equal to the cost of repaying the finance package.
Even if the savings are not enough to qualify for full funding can still be available to fund part of the cost of installing the panels.
Solar panels are one of the best investments you can make in terms of home improvements, because they save money on your energy bills, create tax free income from the feed in tariff & extra income from exporting unused energy to the national grid.
However, to work out the available financing, assessors will only use 50% of the yearly electricity consumption with 50% of the exported energy value.