'Solar panel loans' to help homeowners invest in green energy
Homeowners will soon be able to take out “solar panel loans” to cover the high costs of renewable energy. Solar panels typically cost up to £12,000 to install yet take decades to pay for themselves in energy savings.
From April, homeowners who generate electricity from domestic solar panels and wind turbines will also be paid hundreds of pounds a year by the Government, it was confirmed yesterday. The “feed-in tariff”, funded by a levy on home fuel bills, will give householders a much greater guaranteed income with which to repay their loan.


