{"id":36761,"date":"2024-05-23T09:49:36","date_gmt":"2024-05-23T09:49:36","guid":{"rendered":"https:\/\/www.zopa.com\/retail-finance\/retailer-articles\/octopus-finance-options\/"},"modified":"2025-03-03T09:50:09","modified_gmt":"2025-03-03T09:50:09","slug":"octopus-finance-options","status":"publish","type":"post","link":"https:\/\/www.zopa.com\/retail-finance\/blogs\/octopus-finance-options\/","title":{"rendered":"Zopa partners with Octopus Energy to spread the cost of renewable energy"},"content":{"rendered":"<p>We&#8217;re proud to announce our newest retail finance partner: Octopus!<\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">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.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">As a result, today, some\u00a0<\/span><a class=\"sc-847c3498-0 pkaEj\" href=\"https:\/\/www.gov.uk\/government\/statistics\/solar-photovoltaics-deployment\" target=\"_blank\" rel=\"noreferrer noopener\">1.3 million UK homes<\/a><span class=\"sc-kpDqfm iFboVR\">\u00a0have solar panels \u2013 a 4,000%+ increase since 2010.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">But despite the growing consumer demand, ahead of elections, the UK\u2019s major political parties have recently significantly scaled back their green energy commitments.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">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.\u00a0\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm cXteWv\">Zopa and Octopus Energy<\/span><span class=\"sc-kpDqfm iFboVR\">\u00a0<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">We are responding to the growing demand for green energy by entering the UK\u2019s\u00a0<\/span><a class=\"sc-847c3498-0 pkaEj\" href=\"https:\/\/www.edie.net\/uks-clean-energy-market-to-double-to-46bn-but-policy-rollbacks-hamper-sector-confidence\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u00a323 billion renewable energy market<\/a><span class=\"sc-kpDqfm iFboVR\">, making our retail finance solution, DivideBuy,<\/span><span class=\"sc-kpDqfm iFboVR\">\u00a0available to <\/span><a class=\"sc-847c3498-0 pkaEj\" href=\"https:\/\/octopus.energy\/\" target=\"_blank\" rel=\"noreferrer noopener\">Octopus Energy<\/a><span class=\"sc-kpDqfm iFboVR\">\u00a0customers across the UK.\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">With this deal, Zopa will finance the purchase and installation of solar panels for Octopus&#8217;s millions of UK customers, with the cost spread over up to 84 instalments over 7 years at a\u00a0<\/span><span class=\"sc-kpDqfm cXteWv\">representative 9.9% APR<\/span><span class=\"sc-kpDqfm iFboVR\">.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">Our partnership with Octopus will also enable the financing of app-controlled EV chargers, installed by Octopus engineers to fast-charge customers\u2019 electric vehicles in complement to the more than 53,600 public charge points available across the UK.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">This will supplement the\u00a0<\/span><a class=\"sc-847c3498-0 pkaEj\" href=\"https:\/\/www.gov.uk\/government\/statistics\/developing-faster-indicators-of-transport-activity\" target=\"_blank\" rel=\"noreferrer noopener\">government\u2019s aims<\/a><span class=\"sc-kpDqfm iFboVR\">\u00a0to deliver 300,000 charge points by 2030 to match rising demand.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3 class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm cXteWv\">Providing greater access to renewable energy<\/span><span class=\"sc-kpDqfm iFboVR\">\u00a0<\/span><\/h3>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">Dave Farbrother, who directs Zopa&#8217;s retail finance division, commented, &#8216;We are proud to be partnering with Octopus Energy to make the switch to energy sustainability more accessible for millions of UK consumers. <\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">Not only can Brits cut their electricity costs by\u00a0<\/span><a class=\"sc-847c3498-0 pkaEj\" href=\"https:\/\/octopus.energy\/green\/\">up to 90%\u00a0<\/a><span class=\"sc-kpDqfm iFboVR\">by switching to solar, with Zopa they can now also spread their upfront costs over 24 to 84 months.&#8217;\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">The energy security and prosperity of future generations are dependent on greening our economy and that requires large scale investments.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p class=\"sc-kpDqfm iFboVR mb-6\"><span class=\"sc-kpDqfm iFboVR\">Together we are extending the reach of green energy with financial solutions that put customers first and are fully regulated, offering peace of mind.\u00a0\u00a0<\/span><\/p>\n<p>&nbsp;<\/p>\n<p>To find out more about Zopa&#8217;s retail finance solutions and why leading UK merchants are choosing to partner with us, visit our <a href=\"https:\/\/dividebuy.co.uk\/retailers\/finance-solutions\/\">Finance Solutions page<\/a>, or <a href=\"https:\/\/dividebuy.co.uk\/book-a-demo\/\">book a quick demo<\/a> with our team.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We&#8217;re proud to announce our newest retail finance partner: Octopus! &nbsp; 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.\u00a0 &nbsp; As a result, today, some\u00a01.3 million UK homes\u00a0have solar panels \u2013 a 4,000%+ increase since [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":36762,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[33],"tags":[],"class_list":["post-36761","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - 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