At NXTGEN, we are committed to delivering excellent service and we understand that many customers may prefer the option of paying for their solar panels with finance. So, we’ve partnered with established credit brokers, Ideal4Finance, to enable customers to spread the cost of purchase with manageable monthly payments.
We can offer 3 Flexible Finance Options
- Finance is available at a fixed rate of 0% APR over one year (12 months), always subject to the lender’s assessment.
- Finance is available at a fixed rate of 9.9% APR over three years (36 months), always subject to the lender’s assessment.
- Finance is available at a fixed rate of 12.9% APR over five to ten years (60 to 120 months), subject to the lender’s assessment.
Ideal4Finance help thousands of people secure finance for their purchases. They use only reputable lenders and are Trustpilot-rated ‘Excellent’.
You can apply online or by telephone and decisions are made quickly. The final decision is based on your individual circumstances, including your personal credit profile, how much you want to borrow and the loan period.
There are risks involved in taking out a loan and you should ensure you can make all payments on time and in full; failure to do so can lead to financial difficulties and have a negative impact on your credit score.
If you’re ready to apply, CLICK HERE to begin the application process or call Ideal4Finance on 020 3617 4647 (Mon to Fri, 9am to 5pm).
Representative example of a £8,000 purchase over 1 year: Purchase amount £8,000; deposit amount £0; total credit £8,000; interest rate 0% (fixed); loan duration 12 months; estimated monthly repayment £667.03; total repayable £8,004.36; total cost £8,004.36. (This provides an indication only – the exact amounts will be confirmed during the application process.)
Representative example of a £8,000 purchase over 3 years: Purchase amount £8,000; deposit amount £0; total credit £8,000; interest rate 9.9% (fixed); loan duration 36 months; estimated monthly repayment £256.18; total repayable £9,222.48; total cost £9,222.48. (This provides an indication only – the exact amounts will be confirmed during the application process.)
Representative example of a £8,000 purchase over 5 years: Purchase amount £8,000; deposit amount £0; total credit £8,000; interest rate 12.9% (fixed); loan duration 60 months; estimated monthly repayment £178.74; total repayable £10,724.40; total cost £10,724.40. (This provides an indication only – the exact amounts will be confirmed during the application process.)
Representative example of a £8,000 purchase over 10 years: Purchase amount £8,000; deposit amount £0; total credit £8,000; interest rate 12.9% (fixed); loan duration 120 months; estimated monthly repayment £115.68; total repayable £13,881.60; total cost £13,881.60. (This provides an indication only – the exact amounts will be confirmed during the application process.)
NXTGEN Energy Ltd is an Introducer Appointed Representative of Ideal Sales Solutions Ltd, t/a Ideal4Finance. Ideal Sales Solutions Ltd is a credit broker and not a lender (FRN 703401). Finance available subject to status. The rate offered is always provisional and will depend upon your personal circumstances, the loan amount and the term.
Read more about our Solar Panel Financing.
FAQ: Solar Finance
We offer three flexible finance options through our partner Ideal4Finance:
– 0% APR over 1 year (ideal for smaller purchases)
– 9.9% APR over 3 years (good for spreading out payments)
– 12.9% APR over 5-10 years (best for larger purchases or longer repayment terms)
You can apply online or by phone. Decisions are usually made quickly, and the final approval depends on your credit history, loan amount, and chosen term.
Yes, the minimum purchase amount for finance is £2,000.
Missing payments can hurt your credit score and lead to financial difficulties. Make sure you can comfortably afford the monthly repayments before applying.
Ideal4Finance is a reputable credit broker with a Trustpilot “Excellent” rating. They work with various lenders to find the best rates for their customers.
Sure! Here are some examples for an £8,000 purchase:
– 1 year at 0% APR: Monthly payment: £667.03, Total cost: £8,004.36
– 3 years at 9.9% APR: Monthly payment: £256.18, Total cost: £9,222.48
– 5 years at 12.9% APR: Monthly payment: £178.74, Total cost: £10,724.40
– 10 years at 12.9% APR: Monthly payment: £115.68, Total cost: £13,881.60
Remember, these are just estimates. The actual costs will depend on your specific circumstances.
Ready to apply?
Click the “Finance Apply Now Button” or call Ideal4Finance on 020 3617 4647.
I hope this FAQ helps! Let me know if you have any other questions.
Additional tips
- Consider your budget and choose a repayment term you can comfortably afford.
- Compare interest rates from different lenders before applying.
- Read the loan agreement carefully before signing.
By following these tips, you can make sure that financing your purchase is a positive experience.
Latest Solar Panel Grants Posts
- Solar Panel Financing
At NXTGEN, we are committed to delivering excellent service and we understand that many customers may prefer the option of paying for their solar panels with finance. So, we’ve partnered with established credit brokers, Ideal4Finance, to enable customers to spread the cost of purchase with manageable monthly payments. We can offer 3 Flexible Finance Options… Read more: Solar Panel Financing - Smart Export Guarantee (SEG) Scheme
Last Updated: 28 February 2024 What is the Smart Export Guarantee (SEG) Scheme? The Smart Export Guarantee (SEG) Scheme is a UK Government-backed initiative that launched on 1 January 2020. It requires the larger electricity suppliers, known as SEG Licensees, to pay small-scale generators, known as SEG Generators, for low-carbon electricity which they export back… Read more: Smart Export Guarantee (SEG) Scheme - Energy Company Obligation (ECO4) Scheme 2023
Last Updated: 6 November 2023 Energy Company Obligation (ECO4) Scheme (Including LA Flex) 2023 The current UK government Energy Company Obligation (ECO) Scheme Phase 4 (ECO4) which is managed by Ofgem focuses on improving the country’s least energy-efficient homes and is primarily aimed at low-income and vulnerable households in the Great Britain. Through the ECO4… Read more: Energy Company Obligation (ECO4) Scheme 2023 - Home Upgrade Grant UK 2023 (HUG2)
How to Get Free Solar Panels with the Home Upgrade Grant (HUG2) If you live in England and meet certain criteria, you may be eligible for a Home Upgrade Grant (HUG2) that can cover up to 100% of the cost of installing solar panels on your roof. The Home Upgrade Grant Phase 2 (HUG2) is… Read more: Home Upgrade Grant UK 2023 (HUG2) - Solar Panel Grants UK 2023/2024Last Updated: 28 February 2024 Are you looking for the latest information on solar panel grants UK in 2023/2024? Did you know that solar energy is one of the most eco-friendly and cost-effective ways to power your home or business. But installing solar panels can be a big investment that not everyone in the UK… Read more: Solar Panel Grants UK 2023/2024