Zopa partners with Octopus Energy to spread the cost of renewable energy

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We’re proud to announce our newest retail finance partner: Octopus!

 

Climate change and high energy bills have increasingly encouraged people to turn to solar energy as a cheap, renewable source of electricity, creating rapid growth in the sector. 

 

As a result, today, some 1.3 million UK homes have solar panels – a 4,000%+ increase since 2010.  

 

But despite the growing consumer demand, ahead of elections, the UK’s major political parties have recently significantly scaled back their green energy commitments.  

 

This has created a void that the private sector can fill by stepping in to support major infrastructure changes. We think the time has come to go green.   

 

Zopa and Octopus Energy 

 

We are responding to the growing demand for green energy by entering the UK’s £23 billion renewable energy market, making our retail finance solution, DivideBuy, available to Octopus Energy customers across the UK. 

 

With this deal, Zopa will finance the purchase and installation of solar panels for Octopus’s millions of UK customers, with the cost spread over up to 84 instalments over 7 years at a representative 9.9% APR.

 

Our partnership with Octopus will also enable the financing of app-controlled EV chargers, installed by Octopus engineers to fast-charge customers’ electric vehicles in complement to the more than 53,600 public charge points available across the UK.  

 

This will supplement the government’s aims to deliver 300,000 charge points by 2030 to match rising demand.  

 

Providing greater access to renewable energy 

 

Dave Farbrother, who directs Zopa’s retail finance division, commented, ‘We are proud to be partnering with Octopus Energy to make the switch to energy sustainability more accessible for millions of UK consumers.

 

Not only can Brits cut their electricity costs by up to 90% by switching to solar, with Zopa they can now also spread their upfront costs over 24 to 84 months.’  

 

The energy security and prosperity of future generations are dependent on greening our economy and that requires large scale investments.  

 

Together we are extending the reach of green energy with financial solutions that put customers first and are fully regulated, offering peace of mind.  

 

To find out more about Zopa’s retail finance solutions and why leading UK merchants are choosing to partner with us, visit our Finance Solutions page, or book a quick demo with our team.

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Please note, a minimum turnover of £2.5M and minimum trading period of 24 months is required to offer DivideBuy finance solutions.

Please note, a minimum turnover of £2.5M and minimum trading of 24 months is required to work with DivideBuy.

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