Customize Consent Preferences

We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.

The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ... 

Always Active

Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.

No cookies to display.

Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.

No cookies to display.

Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.

No cookies to display.

Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.

No cookies to display.

Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.

No cookies to display.

Advertisement

UK’s first subscription solar power service secures funding

Customers can hire panels and batteries through the scheme, which is  authorised and regulated by the Financial Conduct Authority.

Founded in 2022 by friends Alick Dru and Ben Graves, Sunsave currently sells a range of options for solar equipment, including up front purchase and credit repayments. Now it aims to bring the UK’s first ever rolling subscription package to market. 

On average, a solar energy system costs around £10,270 to install, more than double the  amount in the average Briton’s savings account. By offering a long term hire solution, including monitoring, maintenance, and 20-year guarantee, the company believes those who would otherwise be outpriced will now be able to afford energy transition. 

Overall, £9.2million has been raised by Sunsave through investment rounds over the past 18 months, funding product improvements and the hire of energy experts for a growing team in preparation for the launch. The company hasn’t shared a time frame for this, but packages will start from £69 per month, reducing the energy bill of a typical family home by around £540.

‘We have an enormous ambition to help the country get to net zero through revolutionising green finance and making the power of solar accessible to all UK households. This significant investment round, combined with our recent FCA approval, provide a strong platform for our mission,’ said Sunsave’s Graves.

‘We’re demonstrating to UK consumers that being green doesn’t have to be a choice between doing what’s right for the environment or doing what’s best for your pocket. With Sunsave’s solar subscription you can go green and save money immediately. With energy prices expected to remain elevated for the foreseeable future, this is more important than ever,’ added the company’s co-founder, Dru.

More on solar energy: 

Solar power to become cheaper and more efficient

Image: Sunsave

Comments

Subscribe
Notify of
guest


0 Comments
Oldest
Newest Most Voted
Inline Feedbacks
View all comments
Help us break the news – share your information, opinion or analysis