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Solar Panel Finance
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Written by James Dutton
James is Head of Asset Finance in our funding division. He specialises in arranging finance for assets across a range of sectors, as well as experience in completing finance agreements for assets coming from abroad. James has more than 30 years of experience in the finance sector, providing him with the necessary expertise to arrange finance for businesses requiring finance facilities across the UK.
Finance your solar panels
Solar panels can help reduce energy costs, cutting carbon output, and providing long-term energy security that insulates you from volatile utility prices.
But the upfront capital requirement can be substantial. Spreading that cost through asset finance means you can start benefiting from lower energy bills from day one, without tying up working capital you need elsewhere in the business.
Our expert renewable energy finance team works with businesses across the UK to arrange funding for commercial solar panel projects of all sizes. Whether you're installing panels on a single site or funding a large-scale renewable energy project, we'll work with our panel of lenders to find a structure that suits your business.
We can also arrange finance for other renewable energy assets, including wind turbines, solar battery storage systems, and EV charging infrastructure.
What is solar panel finance?
Solar PV technology has the power to potentially reduce your electricity bills for your business, offering an environmentally friendly alternative energy solution to make a business more sustainable.
Rather than paying for your solar panels up front, at UK Business Finance, we can arrange renewable energy finance for the purchase of your solar panels, and whether it’s for an office or a warehouse, our team can help.
Depending on the needs of the business, this can be arranged with a range of finance products, including hire purchase agreements, finance leases, and asset refinance. Each option has different structures, meaning businesses can decide on the solution that best suits them.
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With full market access and absolutely no ties to any lender, we can objectively match you with the most effective and cost-efficient source of business finance. Contact our team today!
Benefits of solar panel finance
Managing cash flow: Financing the purchase of a tractor, rather than paying for it outright, allows farming businesses to protect their cash reserves. Rather than making a single large payment upfront, finance solutions spread the cost across a pre-agreed repayment schedule. This ensures capital remains available for ongoing operational costs and other business expenses throughout the finance term.
Raising funds through asset refinance: For agri-businesses that own equipment outright, asset refinance offers a way to release cash without permanently disposing of the asset. The asset is sold to the funder and leased back to the business, providing a lump sum that can be used for new purchases, essential payments, or growth investments. Full operational use of the asset is retained, and ownership transfers back to the business at the end of the agreement.
Simplified budgeting: Because finance agreements are structured around fixed monthly repayments, businesses always know what they owe and when. This level of predictability makes it straightforward to plan monthly outgoings, reserve the necessary funds in advance, and maintain a clear picture of the business's financial commitments.
Improving the quality of equipment: Tractor finance provides agri-businesses with an accessible way to invest in modern, high-performing machinery without the need for significant upfront expenditure. Spreading the cost across a structured repayment plan means businesses can acquire equipment that enhances the quality, efficiency, and capacity of their operations while keeping working capital intact.
A finance structure that fits the business: Finance agreements can be tailored to reflect the financial position and requirements of the individual business. This includes setting a repayment period and monthly amount that aligns with cash flow patterns, which is particularly important in agriculture, where income can vary significantly across the farming calendar.
How we helped a business with a solar panel project
An established business approached us looking to fund a large-scale ground-mounted solar panel installation on land adjacent to their premises. The investment was driven by a clear commercial goal: to reduce energy consumption costs and lower the business's carbon footprint over the long term.
We agreed that a hire purchase agreement was the right structure. It allowed the client to own the asset outright at the end of the term while keeping monthly commitments manageable.
As the project was structured through stage payments, we were able to arrange the first instalment of £270,000 to be released to the supplier at the start of the project, with the remaining £270,000 payable on completion. Working closely with the selected funder, we ensured everything was in place to meet the client's project deadline.
Apply for solar panel finance
UK Business Finance is a commercial finance broker with access to an extensive panel of lenders, allowing us to source funding solutions that are precisely matched to the requirements of your business.
Here is how we can help:
- Get a quote returned to you in 60 seconds
- Access to a broad range of lenders ensuring the most suitable match for your business
- Our team handles the entire application process with funders on your behalf
- A dedicated team with deep expertise in the finance sector
For further details on solar panel finance, please get in touch with our finance team.
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Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us
What finance can be used for solar panel finance?
Businesses investing in solar panels can access finance through several different products, each suited to different circumstances and preferences. Hire purchase and finance leases allow the cost of the installation to be spread across a series of manageable monthly repayments, while asset refinance provides a route to releasing capital from solar assets a business already owns. The right product will depend on factors including the size of the installation and the financial position of the business.
UK Business Finance can help businesses arrange solar panel finance that fits their requirements. Whether you are installing panels for the first time or looking to refinance existing renewable energy assets, our team handles the process from enquiry through to the release of funds.
| Asset Finance | Asset Refinance | Finance Lease | Unsecured Loans | |
|---|---|---|---|---|
Typical term length | Medium Term | Medium Term | Medium Term | Short Term |
Flexibility | Medium | Medium | Medium | High |
Deposit required? | Yes | Yes | Yes | No |
Purpose | Purchase assets | Raise capital for multiple ventures | Lease assets | Multiple business needs |
How do we work?
1. Get a Customised Quote
When you reach out to us, we will likely request that you provide the following information. Your latest set of accounts, previous 6 months’ banks statements and director’s personal details.
2. Compare Options
Once the information from step 1 has been confirmed, we will reach out to our extensive panel of funders, who under normal circumstances, respond with an answer in 48 hours. After this, Know Your Customer (KYC) and identification checks will take place for the business and its directors.
3. Finalise the agreement
As soon as you agree to move forward with the terms and conditions, you will receive the relevant documents for you to sign and then return. After the final checks have been completed, the funds will be released. The time taken to release the funding varies depending on the funder, ranging from 24 to 72 hours.
Why does your business need solar panel finance?
Solar panels represent a meaningful long-term investment for a business, but the upfront cost can be a significant barrier. Finance allows businesses to proceed with an installation without committing a large sum of capital at once, spreading the cost in a way that works alongside existing financial commitments.
- Retain cash
- Refinance business equipment
- Improve facilities
- Promote sustainability
- Tailored financed terms
- Future proof your business
- Modernise your business
- Purchase new energy equipment
Why Choose UK Business Finance
100% Independent Broker
We're not tied to any lender. With access to 90+ finance providers, we match you with the most suitable funding solution, not the one that pays us the best commission.
Callback Within 30 Minutes
From the moment you contact us, we commit to responding within 30 minutes. When your business needs funding fast, every hour counts.
Nationwide Coverage, Local Expertise
With 8 regional offices and 100+ supporting locations across the UK, you'll work with a finance specialist who understands your local market.
Solar Panel Finance FAQs
Will financing solar panels affect my day-to-day cash flow?
Spreading the cost through asset finance is precisely what allows many businesses to invest in solar without disrupting working capital. Rather than committing a large lump sum upfront, you make fixed monthly repayments over an agreed term.
What types of solar panel installations can I finance?
We can arrange finance for a wide range of commercial solar installations, including rooftop panels, ground-mounted arrays, and large-scale solar projects. Whether you're installing a solar panel system on a single commercial property or funding a significant renewable energy project across multiple sites, we can tailor a solution to your needs.
What finance options are available for solar panels?
Hire purchase is a popular choice for solar panels, as it allows you to spread the cost over a fixed term and own the asset outright at the end. Finance leases are also available if you'd prefer to preserve working capital. We'll help you identify the most suitable structure for your business and your cash flow.
How much can I borrow to finance a commercial solar installation?
The amount available will depend on factors including the scale of the installation, the value of the asset, and your business's financial profile. Commercial solar projects can range from singular rooftop systems to installations across numerous sites, with lenders being experienced in financing renewable energy assets at all levels. We work with a panel of lenders to find terms that reflect your specific circumstances.
Can I finance solar panels alongside other renewable energy assets?
In many cases, yes. If you're investing in battery storage, EV charging points, or other renewable energy infrastructure at the same time, it may be possible to structure funding that covers multiple assets. Let us know the full scope of what you're looking to fund, and we can explore the most suitable options.
Can I finance a solar panel installation if it requires staged payments?
Yes. Many commercial solar projects involve staged payments to suppliers, for example, an initial deposit to secure materials and a final payment on completion. We have experience structuring funding arrangements that accommodate this, working closely with lenders to ensure payments are released at the right points in the project timeline.
