Octopus Energy customers will be able to use “buy now pay later” to fund and install solar panels, as part of a new deal with digital lender Zopa Bank. It means households can spread the cost of installation over several years.
The new financing options will also be launched for people buying and installing app-controlled EV chargers, which fast-charge electric cars. Zopa said its new wave of BNPL products are fully regulated and involve affordability and credit card checks to limit the number of people at risk of seeing debts pile up.
“Together we are extending the reach of green energy with financial solutions that put customers first and are fully regulated, offering piece of mind.”
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