Solar PV Mortgage

What if you don’t want to pay for your solar PV system outright? Well a popular way to offset the cost is to add it to your mortgage…

  • No upfront payment so doesn’t affect your savings
  • Typical 10-12% return on solar investment
  • Average rate of interest of 4% on a mortgage

Lot’s of people add to, or remortgage, for other home improvements such as extensions, loft conversions and conservatories. With a typical installed cost of £7-14,000, a photovoltaic system can be a costly investment, which can put many people off buying as they don’t want to delve into their savings. As with home improvements offsetting the capital cost can make purchasing your PV system more manageable.

With typical systems generating income of over £1000 per year for 25 years, the Feed-in Tariff offers flexibility to spread your payments without using your savings reserves. As long as the added payments through adding capital cost of your pv system onto your mortgage are lower than the income and savings from the FIT you are in a win-win situation.

As for deciding on which mortgage or what rates you can expect we recommend you contact your existing mortgage provider, or a financial advisor. If you don’t have a current mortgage, or wish to be particularly green when looking for one, why not look at “green mortgages” offered by lenders such as;

  • The Co-operative Bank
  • The Ecology Building Society
  • Teachers Building Society

If a pv mortgage is not for you why not buy solar pv outright, or get a solar pv loan.

*Please note: PV FIT are not a financial services company. The information on this page is not intended as financial advice. We are not affiliated to or get any financial reward from any of the lenders listed on this page. The expected income figures we quote you are generated using MCS & Energy Saving Trust approved calculation method. The information on this site is designed to offer an example only. The performance of Solar PV systems is impossible to predict with certainty due to the variability in the amount of solar radiation (sunlight) from location to location and from year to year. Nor do we speculate on increases in RPI, or savings on Tax, in order to beef up your expected profits. If you want to compare various investment options we recommend you consult an IFA or other relevant professional.