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Published: 2026-09-22 • Permanent link

Rumors of a potential solar boom have finally materialized as Segen, a UK-based solar distributor, has partnered with Zopa Bank to launch residential solar and battery financing. This new product offers loans of two to 10 years at a representative annual percentage rate of 9.9%, providing homeowners with a more accessible way to invest in renewable energy. The move is expected to drive down borrowing costs and increase adoption rates, with Zopa Bank's CEO, Glyn Robbins, stating that the partnership will "open up new opportunities for UK homeowners to harness the power of the sun.

As the UK's solar market continues to grow, this partnership is set to have a significant impact on investors and consumers alike. With the cost of solar panels decreasing by over 70% in the past decade, homeowners are now more affordable and accessible than ever before. This move is expected to drive down borrowing costs and increase adoption rates, making it easier for people to invest in renewable energy. According to a report by the Solar Trade Association, the UK solar market is expected to reach 16.5 GW of capacity by 2025, with residential solar installations accounting for over 50% of the total.

The UK's solar market has been growing steadily over the past decade, with the industry experiencing significant growth in recent years. Since last quarter, the number of solar installations in the UK has increased by over 20%, with many experts predicting that the market will continue to grow in the coming years. The partnership between Segen and Zopa Bank is seen as a major boost to the industry, providing homeowners with more access to financing options and driving down borrowing costs. According to a report by BloombergNEF, the UK's solar market is expected to reach 20 GW of capacity by 2030.

The partnership between Segen and Zopa Bank is expected to have a significant impact on the broader economy, with many experts predicting that the move will drive down greenhouse gas emissions and reduce the UK's reliance on fossil fuels. As the UK government continues to set ambitious targets for reducing carbon emissions, this move is seen as a major step in the right direction. With the UK's solar market expected to reach 20 GW of capacity by 2030, this partnership is set to play a major role in driving down emissions and reducing the country's reliance on fossil fuels.