Spread the cost of your solar installation
Installing a solar and storage system is a significant investment, and not every household wants to pay the full cost up front. With Segen Finance you can spread the total cost of your solar and storage system over a fixed term, with fixed monthly payments and no hidden fees.
- £500–£50k Loan range
- 5–10 yrs Term
- Fixed Interest rate
- Zopa Bank The lender
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
Zopa Bank is our lending partner, a UK digital bank authorised by the Prudential Regulation Authority and regulated by the FCA and PRA.
Vetted and approved installers
Finance is offered exclusively through Segen approved installers via a Segen generated proposal, who are MCS certified and vetted for competence.
FCA authorised credit broker
Segen Limited, trading as Segen Finance is authorised and regulated by the FCA as a credit broker. We are the credit broker, Zopa is the lender.
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.
The basics, and how to apply.
Loans brokered through Segen Finance cover the full system cost. If accepted, the loan will be repaid to Zopa in fixed monthly instalments over your chosen term.
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Apply for finance
In your proposalFinance is presented within your proposal once you have accepted your quote. If applying for finance, you will be redirected to Zopa’s application site from here. The form only takes a few minutes to fill out. Once completed, Zopa will run a credit check and you will get a decision instantly.
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Cool-off period
14 daysOnce you sign your credit agreement, you have 14 days to cancel in case you change your mind. No work can proceed during this period, however you can still book in your installation during this time.
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Installation
After cool-offYour installer arranges delivery of the hardware, supplied by Segen, and undertakes the installation on your chosen date.
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Sign-off
On completionOnce the system is installed and you are happy with it, both you and your installer will sign a Certificate of Acceptance confirming the job is complete.
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Repayments start
Month afterYour first monthly repayment is taken on the date set out in your credit agreement, typically the month after sign-off.
Representative example
The figures you are offered will depend on the size of your system, the term you choose, and the outcome of your credit assessment with Zopa.
| Cash amount | £10,000 |
|---|---|
| Deposit | £0 |
| Loan amount | £10,000 |
| Term | 60 months |
| Monthly repayment | 59 repayments of £209.90 and 1 final payment of £210.37 |
| Total amount repayable | £12,594.47 |
| Interest rate (fixed) | 9.48% p.a. |
| Representative APR | 9.9% APR Representative |
Segen Limited trading as Segen Finance is authorised and regulated by the Financial Conduct Authority (FRN 1013386) as a credit broker and not a lender. Segen Limited has a registered address of 200 Fowler Avenue, Farnborough, England GU14 7JP. Registered Company Number: 05309114. Loans are provided by Zopa Bank Limited, 18+, subject to status and credit approval. Segen Finance is a separate independent company to the installation company.
Am I eligible for retail finance?
To be eligible, you must meet all of the following criteria.
You can apply if…
- You own the home where the system will be installed, mortgaged properties qualify
- You are aged 18 or over
- You are a UK resident
- You need between £500 and £50,000
- You want a term between 5 and 10 years
Probably not a fit if…
- You are renting, or do not own the roof
- The system is for a property you do not legally control
- The amount you need falls outside the £500 to £50,000 range
How long your finance offer lasts
Your finance agreement with Zopa remains valid for 12 months from the date you sign it, allowing you time to book in your installation without the finance falling away.
Separately, hardware prices are locked once you have been approved for finance and the installation date confirmed. If there are any issues before this please contact your installer to understand how to proceed.
FAQs
Will applying affect my credit score?
Applying involves a soft credit check when you first enquire, which does not affect your credit score. If you go on to apply for finance, Zopa runs a full credit check as part of that application, and this is recorded on your credit file.
Can I settle my loan early?
Yes. You can make early repayments, in part or full, at any time with no additional fees.
What if I have other debts?
As Zopa is the lender, they will assess your overall financial position when making a decision. Having a mortgage, credit card or other loan does not automatically prevent you from being accepted.
What happens if my installation is delayed?
Repayments do not start until your system is installed and both you and the installer have signed off on the job. If there is a delay after you sign the credit agreement with Zopa, the agreement remains valid for 12 months and your first repayment date is adjusted for after the job is completed.
What if I miss a repayment, or I'm worried about one?
Zopa will contact you and additional charges may apply; missed payments can affect your credit file. If you're worried about meeting a repayment, contact Zopa as early as possible, they have a dedicated team for customers in financial difficulty.
Who do I contact if I have an issue?
For questions about the installation, contact your installer. For questions about your application, the agreement, statements or a repayment difficulty, please contact Zopa Bank directly. If you have a complaint, please follow the complaint procedure here.