Broadland solar loans

We have a limited number of interest free loans available for Broadland residents, which can only be applied for when installing solar panels through the Solar Together Scheme.

Applications for the loan can be made directly to Eastern Savings and Loan Credit Union once you receive your personalised offer from Solar Together - starting from 17 October. Loans will be awarded on a first come first served basis. 

Apply for a Broadland Solar Loan 

How does the loan work?

 
Stage 2. Auction: an auction will be held on 27 September where approved solar suppliers submit their lowest bids. The most competitive offer, wins the auction.
 
Stage 3. Personalised offer: from 17 October you will be emailed a personal offer for you home, based on the details you provided during registration. This includes the costs and specification for a complete solar panel installation.
 
Stage 4. Apply for Loan: once you receive your personal offer from Solar Together you can apply for the loan through the Eastern Savings and Loan Credit Union before 21 November. Loan applications will be considered for approval on a first come first served basis so we advise that you apply as soon as you receive your personalised offer. Eastern Savings and Loan Credit Union will require a copy of your personalised offer. Please note, you can also apply for the loan after you have accepted your Solar Together offer. 

For more information on Eastern Savings and Loan Credit Union Broadland Solar Loans

Stage 5. Accept offer and book survey: once you have received loan approval from the Eastern Savings and Loan Credit Union you must accept your personal recommendation with Solar Together before 21 November. Please note, you can also apply for the loan after you have accepted your Solar Together offer. 

Solar Together require an upfront cost of £150 towards the survey. Please note that this cost is outside of the loan arrangement and will be deducted from the final invoice. For more information on Deposit Refund Conditions

Stage 6. Receive final offer: once the survey has been completed you will be notified of any changes to your personalised offer. Any changes will be discussed with you at the time of survey. You must notify Eastern Savings and Loan Credit Union of any adjustments to the original cost to allow for the loan to be amended.

Stage 7. Payments: Once the install has been completed Eastern Savings and Loan Credit Union will pay the contractor directly on your behalf at which point your monthly payments will start.

ESCLU loan terms

  1. The loans are administered by the Eastern Savings and Loan Credit Union. The maximum amount offered is £5,000 over 3 years.
  2. Please note to be eligible for the scheme you will need to pass a credit check.
  3. All loan finance is subject to approval by Eastern Savings and Loan Credit Union and can only be applied for with a personalised offer from Solar Together.  
  4. Eastern Savings Credit Union will pay the balance to the installer on the applicants’ behalf, and the loan applicant will make the repayments to the Eastern Savings and Loan Credit Union. The solar panels will not be owned by the council.
  5. Please note these loans are only available for solar panels provided through the Solar Together scheme.
  6. You will need to register with the Eastern Savings and Loan Credit Union which costs £5 + an additional 25p per week. Once your application is assessed you should receive a result within 3 to 4 days.