UK launches Warm Home Loans scheme for solar panels and heat pumps
Briefing by News4U · First published
The Guardian reports that UK households can apply for interest-free or low-interest loans of £7,500-£35,000 to install heat pumps, batteries and solar panels, with potential savings of up to £550 a year.
The Guardian reports that the government-backed Warm Home Loans scheme launched on Tuesday, allowing UK households to apply for interest-free or low-interest loans ranging from £7,500 to £35,000 to fund heat pumps, batteries and solar panels with no upfront cost. [1]
The government advises that installing a heat pump, battery and solar panels could save households up to £550 a year on energy bills, rising by a further £300 with a time-of-use tariff. Energy suppliers including British Gas and E.On have partnered with lenders to offer the loans. [1]
Sources
- Homes across UK to get low- or no-interest loans to fund solar panels and heat pumps
The Guardian · · Full text