Solar Panel Finance

Finance your solar panels

Solar PV technology has the power to potentially half your electricity bills for your business and offers an environmentally-friendly alternative energy source to make a business more sustainable.

Rather than paying for your solar panels up front, 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 will be able to help.

Benefits of solar panel finance

Some of the benefits for using solar panel finance include:

No major upfront costs – You can purchase solar panels for your business premises with a small initial payment through a finance agreement.

Protect business cash flow – Purchase solar panels with a financial agreement and keep cash in the business and invest into other areas.

Access to new assets - If you need to replace solar panels or want to purchase new ones, you can use solar panel finance to access the funds.

Tailored re-payment options - We understand your cash flow and income fluctuates which is why we can offer seasonal payments options.

Are solar panels right for me?

The systems are made up of several panels, with each panel generating around 355w of energy in sunlight. An unshaded, South-facing roof is ideal for maximum output. East and West facing still work but will likely yield less, and north-facing roofs aren’t recommended.

Solar panels are also considered ‘permitted developments’ which means don’t usually require planning permission. We can also carry out a business sustainability review for your business, or look at restructuring existing finance agreements.

Benefits of using solar panels

Impact on the environment - Solar energy is regarded as one of the cleanest energy sources compared to other options. Solar panels do not produce greenhouse gases and do not pollute the water making it a sustainable option for businesses to produce energy.

Reduce your energy bill - Generating your own electricity means that you will be using less electricity which will translate to savings on your energy bill for your business.

Energy production during peak hours - Energy demand tends to be higher between 11:00 am-16:00 pm and then early in the evening which is when the price of electricity also peaks. Solar energy happens to reach its maximum production capacity during those hours meaning you can use the solar energy and reduce the costs of using electricity in the peak hours.

How long does it take to secure solar panel finance?

Solar panel finance often varies and depends on the business and type of finance required. It might take a few weeks or may require several months of planning. Applicants for solar panel finance should have all their accounts in order and available for inspection, just like with any other type of business funding. Bank statements, the last three to five years’ worth of certified accounts, business plans, and specifics on assets and liabilities can all be required.

Applying for solar panel finance

MAF Finance Group can compare finance offerings from a wide panel of lenders to find the best option for you.

If you would like to get a quote or need further information, simply fill in the form and we will contact you. If you want to speak to someone directly, you can call us on 0115 958 6872 and a member of our team will be happy to speak to you. Alternatively, email us at [email protected].