Tom, a homeowner in Goonhavern, Cornwall, wanted a greener, more sustainable lifestyle for his young family. Living in a new-build home powered entirely by electricity, rising energy bills were becoming a real concern.
“We were looking at how we could become more efficient, more economically savvy and reduce bills that were continuing to increase,” he explained.
Determined to make a change that would benefit both their finances and the environment, Tom explored solar energy—but needed a way to fund the upfront costs. That’s when he discovered the Cornwall Green Energy Efficient Loan, delivered by Lendology in partnership with Cornwall Council.
Finance that made a difference
From the very first enquiry, Tom found Lendology approachable and responsive.
“The interactions with Lendology from the start were really, really responsive to our needs,” he shared. “The application process was straightforward, and it took away any discouragement that you can sometimes have from other lenders.”
With funding secured through the green energy efficient loan, Tom and his family installed 12 solar panels and a 17.5 kWh battery storage system. The results exceeded expectations.
“We’ve since gone to an energy supplier that gives us a good export rate. We’re earning around £349 per month in credit, which is a huge step forward for us.”
Powering home and family life
The changes have impacted their daily life as well as their bills.
“My daughter loves to see the fact that we’re able to generate our own electricity. We’ve just changed our vehicle to a hybrid, so we’re able to use the solar energy to charge the car.”
Tom describes the experience as transformational:
“We’ve not looked back. It’s quite exciting.”
Looking for energy advice?
Community Energy Plus offers free, independent advice on how to make your home more energy efficient. Visit www.cep.org.uk or call 0800 954 1956.
For other homeowners thinking about making a change, his advice is simple:
“Just go for it. Reach out to the energy and product suppliers, find the best option for you — and then reach out to Lendology to support you along your way.”
Thanks to the Cornwall Green Energy Efficient Loan, Tom and his family are now living more sustainably, confident in managing their energy usage and costs.
We recommend that you carry out an independent retrofit assessment to find out which works are suitable for your home and budget.
Representative Example (4% fixed interest rate, Representative 4.2% APR).
Loans are subject to status and are typically protected by a Title Restriction.
Borrow £5,000 over 60 months, £92.08 monthly repayments. Total amount repayable = £5,544.96, including £20 fee for registering the Title Restriction against your property at the Land Registry. The £20.00 fee is only payable if a loan is agreed by Lendology and you decide to proceed with a loan. We do not charge interest on the fee. A Title Restriction means that you may not be able to sell your home without our permission unless the loan is fully repaid. This is a financial promotion approved by Lendology CIC. Missing payments could affect your credit rating and ability to obtain credit in the future.