Commercial finance

Solar for businesses, without tying up cash

Fund panels, battery storage and installation across your premises without the capital outlay up front. Segen Finance arranges commercial hire purchase through vetted installers, with fixed monthly payments and full ownership at the end of the agreement.

A large ground-mounted solar array in a field under a blue sky
  • £1,000+ Financing range
  • 2–10 years Term
  • Hire purchase Product
  • Vetted commercial installers The installers
Who is involved

Four parties, one clear arrangement

Before doing anything, it is worth knowing who lends the money, who undertakes the install and where the hardware comes from.

A regulated lender

Hire purchase is provided by an established asset finance lender, authorised and regulated by the FCA. You’ll see the provider’s name and full terms before you sign anything.

A network of vetted installers

Finance is offered exclusively through Segen approved installers who are MCS certified and vetted for competence.

An integrated credit broker

Segen Finance manages the process from start to finish, making sure you have a smooth financing experience when installing your solar and storage solution.

Top quality solar hardware

All solar hardware in a financed installation is provided by Segen. We only supply premium quality hardware backed by supplier warranties.

How it works

Hire purchase basics and how to apply.

Once approved and the system installed, your business makes fixed monthly payments over an agreed term. At the end of the term, ownership transfers to your business, which can matter for how the asset is treated on your balance sheet. Talk to your tax adviser for more information.

  1. Sign your credit agreement

    Contract

    Our lender will digitally send you the credit agreement to be signed. This includes what equipment is being installed, the costs associated with the deal, and the repayment schedule.

  2. Installation

    After signature

    Hardware, supplied by Segen, is delivered and the system is installed on your chosen date. You will sign an acceptance note to confirm the hardware arrived.

  3. Sign-off

    On completion

    When the system is installed and you are happy with it, you will sign a Certificate of Acceptance confirming the job is complete.

  4. Repayments start

    Month after

    Your first monthly repayment is taken on the date set out in your credit agreement, along with system VAT which can be reclaimed from HMRC. Once the term is complete, you will take full ownership of the system for a fee of £100+VAT.

Eligibility

Am I eligible for commercial finance?

You can apply if…

  • Your business is a UK-registered limited company, PLC, or partnership of 4 or more people
  • You own, or have a long lease over, the premises where the system will be installed
  • You need more than £1,000
  • You want a term length between 2 and 10 years

Not a fit if…

  • You are a sole trader or partnership of 3 or fewer people
  • The amount you need is less than £1,000

Fee disclaimer

Segen Finance may receive an introducer's fee of up to 1% of the amount financed for introducing your business. On a £75,000 agreement that's up to £750. This commission is included in the price that you will be presented so you don’t have to worry about separate fees.

Before you apply

FAQs

Will applying affect our credit file?

Enquiring is a soft credit check and does not affect your business's credit score. If your business goes on to apply, the lender runs a full credit assessment of the business and this is recorded.

Can we settle the agreement early?

Yes. Your business can make early payments, in part or in full, at any time. Your agreement will set out whether any early settlement charge applies and how it's calculated.

What happens if we miss a payment?

The lender will contact your business and additional charges may apply. Because this is a hire purchase agreement, persistent missed payments can also put your business's ownership of the equipment at risk. Contact them as early as possible to discuss options.

Do we own the equipment during the agreement?

Not until the final payment is made. The lender retains ownership for the life of the agreement; your business has the right to use it throughout, and ownership transfers once every payment has been made.