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Zero cost upfront: myenergi tackles biggest barrier to adopting home energy tech


British smart home energy technology supplier, myenergi, has launched a new proposition with partner Hometree Finance to offer a complete and connected home energy ecosystem, myenergi One, which offers zero upfront costs and affordable monthly payments.

 

Cost remains the biggest barrier to adopting home energy technology, with the most recent Deloitte Sustainable Consumer report showing that the majority of consumers (62%) who did not adopt a more sustainable lifestyle over the last 12 months put it down to cost.

 

On the new offering, Jordan Brompton, co-founder and CMO of myenergi, commented: ‘It is clear that the majority of UK consumers want to embrace the energy transition and reduce their environmental impact, but not everyone has thousands of pounds ready to invest in the technology, even if it will deliver cheaper energy and less reliance on fossil fuels in the long run. We have broken down the cost barrier cost by offering our myenergi One complete and connected home energy ecosystem with zero payments upfront.’

 

Customers will have the option of choosing the myenergi One set up that works best for them, from rooftop solar panels and a libbi smart home battery, to a complete and connected ecosystem that includes solar panels, libbi, an eddi power diverter, and a zappi EV charger.

 

‘With the energy price cap rising again this month, making green home upgrades affordable and accessible for homeowners is more important than ever,’ said Matt Boyes, managing director of Hometree Finance. ‘Our payment options make it as easy to equip your home with solar panels as it is to get a new car on finance, and now with myenergi One, homeowners can benefit from a complete and connected ecosystem to maximise their energy savings, without the upfront cost.’

 


On request, the company’s experts will carry out a virtual consultation with each customer to help them specify the right technologies for their home, before referring the customer to Hometree Finance to choose their preferred term and apply online. The finance company enables customers to spread payment over up to 25 years while they benefit from the energy savings, resulting in the lowest monthly payments available on the market. 

 

When customers have their myenergi One ecosystem installed, they will also get peace of mind about system performance and ongoing maintenance costs, with products covered for their chosen payment term. If a customer moves home during their payment term, they can either make a one off payment to settle the plan or transfer it to the new homeowner.

 

myenergi One offers everything a homeowner needs to generate and take control of their own energy, including electric car charging and providing energy for heating and hot water.

 

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