Can't afford solar or a heat pump? New UK Government scheme offers interest-free or cheap loans of up to £20,000 to help upgrade your heating setup and cut your bills
- The UK Government has fired up a new 'Warm Homes Loan Scheme'
- It offers interest-free or low interest loans of up to £15,000 for solar or a battery, £20,000 for heat pumps or other renewable heating tech
- The cheap loans will benefit from an up-to-5% reduction in interest rates compared to regular loans, with up to 30 years to repay
The UK Government has announced a new 'Warm Homes Loan Scheme' designed to provide either interest-free or low interest loans for homeowners buying solar panels, a battery, or a heat pump (and other renewables besides).
The Guardian reports that energy suppliers such as British Gas and E.On have partnered with lenders (including Homeserve, Tandem Bank and The Money Co-op) to offer the loans.
Those wanting solar panels or a storage battery can get a loan of up to £15,000 (so up to £30,000 for a full system with...
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