The Solar Scheme
Salary Sacrifice
Salary sacrifice for solar panels
The pace towards achieving Net Zero is disappointingly slow, largely due to the unaffordability of clean technologies such as solar panels for many in the UK, particularly during periods of economic uncertainty. Enter the solution: salary sacrifice.
Introducing The Solar Scheme.
Why salary sacrifice for Solar Panels?
Salary sacrifice eliminates the high upfront costs of solar panels by spreading payments over equal monthly installments, allowing working families to pay from their gross salary. This makes solar panels significantly more affordable.
This isn't based on speculation – the success of salary sacrifice schemes for electric cars is well-documented. For example, those with access to an EV salary sacrifice scheme (like The Electric Car Scheme) are nearly four times more likely to switch to an electric vehicle compared to those without access. By applying this model to the solar industry, we have the potential to accelerate progress dramatically.
When will The Solar Scheme launch?
The Net Zero Benefits team are working closely with officials at HM Treasury to discuss the adoption of this proposal. We're calling on the government to leverage the upcoming Warm Homes Plan to extend salary sacrifice beyond electric vehicles to include clean technologies on the Energy Saving Materials list - such as heat pumps, home solar PV, other heating decarbonisation measures, and energy efficiency products.
This simple measure could spark a transformative increase in demand, with far-reaching impacts on net zero targets, job creation, and the growth of the renewables sector.
Net Zero Benefits campaign for expansion of solar salary sacrifice
Net Zero Benefits led a campaign to send an open letter, co-signed by the REA and over 30 industry leaders, urging Ed Miliband, Rachel Reeves, and Miatta Fahnbulleh to extend the upcoming Warm Homes Plan.
The goal is to expand the salary sacrifice scheme beyond Electric Vehicles (EVs) to include clean technologies like heat pumps, solar PV, home energy storage, and energy efficiency products listed under the Energy Saving Materials (ESM) List. This policy expansion is seen as critical for cost-effective decarbonisation in the UK, aligning with the Clean Power 2030 target.
Press
The Solar Scheme makes headlines
Brighten up your employee benefits with The Solar Scheme
Once launched The Solar Scheme will be another industry-first salary sacrifice offering that enhances our overall product lineup at Net Zero Benefits. It will enable employees to bundle all their clean technology into one all-inclusive package including electric car, charging, heat pump, solar and more, all whilst leveraging the tax incentives using salary sacrifice.
At this stage, we are inviting prospective clients to join our waitlist.
