Understanding monthly payments vs your current energy bill
For many homeowners, the biggest thing holding them back from installing solar isn’t the desire, it’s the upfront cost.
That’s where solar finance changes everything.
Instead of paying for your system all at once, you can spread the cost monthly… and in many cases, those payments can be lower than your current electricity bill.
Here’s exactly how solar finance works in the UK, and why it’s one of the smartest ways to take control of your energy costs.
1. What Solar Finance Actually Is
Solar finance is simply a way to spread the cost of your installation over a set period, usually 3 to 10 years.
Instead of a lump sum, you pay a fixed monthly fee that covers the entire system:
- Panels
- Inverter
- Battery (if added)
- Scaffolding
- Installation
- Labour
- Certifications
- Warranties
And once the finance term ends?
Your solar power is practically free for the next 15–20+ years.
2. How Monthly Payments Compare to Your Energy Bill
This is the part most people don’t realise…
Your solar finance payment often works out to less than you’re already spending on electricity.
Realistic Example:
Average UK electricity bill (2025): £120–£160 per month
Typical solar + battery finance payment: £80–£140 per month
The ranges overlap, heavily.
Meaning many homeowners simply swap their energy bill for a solar bill…
except one major difference:
👉 Your electric bill never ends.
👉 Your solar payment does.
And once it’s paid off?
Your system continues generating thousands of pounds of free electricity every year.
3. Why Solar Finance Is Often Cheaper Than Doing Nothing
Let’s break it down:
Option A: Do nothing
You pay:
💸 £120–£160 every month
💸 Forever
💸 With prices rising every year
You own nothing.
And you stay at the mercy of the energy market.
Option B: Finance solar
You pay:
🔋 £80–£140 every month
🔋 For 3–10 years
🔋 After that: free power for decades
Plus:
- Your home value increases
- Your bills shrink
- You get paid for exporting energy (SEG)
- You protect yourself from future price rises
The numbers speak for themselves.
4. What’s Included in a Finance Package
A trustworthy company will include everything in the monthly price.
That typically covers:
- Full system design
- Panels, inverter + battery
- Scaffolding
- Installation
- DNO approval
- MCS certification
- Monitoring app setup
- 10-year workmanship guarantee
- Product warranties
With Novus Energy, there’s nothing hidden, nothing added later, it’s all included upfront.
5. Credit Checks & Eligibility, The Simple Version
Solar finance is similar to spreading the cost of a car or home improvement:
- Quick soft credit check
- Proof of income
- Finance agreement signed digitally
- Fixed monthly payments
- No early repayment penalties (in most cases)
It’s straightforward, flexible, and designed to help homeowners get solar without the upfront hurdle.
6. The Key Question: Is Solar Finance “Worth It”?
Here’s the honest answer:
If your solar finance payment is equal to or lower than your monthly electricity bill, it’s a no-brainer.
You’re already paying for electricity…
so you may as well pay for a system that eventually pays you back.
Solar finance:
✔ Turns a rising bill into a fixed payment
✔ Gives you long-term energy independence
✔ Reduces your carbon footprint
✔ Adds value to your home
✔ Ends with free, renewable electricity
Your electricity bill never gives you any of that.
The Bottom Line
Financing solar isn’t about adding a new monthly cost, it’s about replacing one.
Instead of paying a supplier forever, you invest in a system that reduces your bills, boosts your home’s value, and gives you decades of clean, reliable power.
And once it’s paid off?
The sun keeps working…
for free. ☀️
📲 Want to See How Solar Finance Would Look for Your Home?
We can show you your exact monthly payment and how it compares to your current bill.
No guessing. No pressure.
Just clear numbers you can make a confident decision with.
👉 Book your free solar finance quote, simply fill out the form below or call us on 01422 768113.