Customer Finance for Home Battery Storage

Why Offer Finance for Home Battery Storage?

In today's energy-conscious world, more homeowners are interested in battery storage solutions to reduce energy bills and increase energy independence. However, the upfront costs remain a barrier for many.

"Flexible finance makes green technology accessible to more customers, helping retailers and the environment alike."

Benefits for Your Business

• Attract a wider customer base
• Increase average order values
• Stand out in a competitive market
• Build lasting customer relationships

Benefits for Your Customers

1. Lower upfront costs
2. Manage cash flow with affordable monthly payments
3. Access to newer and better technology

How Does Customer Finance for Battery Storage Work?

Finance options break down the overall cost of home battery storage into manageable payments. Retail finance brokers like Kandoo connect retailers with lenders to deliver this service.

Typical Finance Options

Getting Started: Step-by-Step Guide

"Making finance available for home battery storage is easier than you think. Here’s a simple roadmap."

1. Partner with a Retail Finance Broker – Choose an FCA-regulated broker, like Kandoo.
2. Select Finance Products – Decide which finance options suit your customers (see table above).
3. Integrate Finance into Sales Process – Train staff to present finance as part of your offering, both in-store and online.
4. Promote Finance Options – Highlight finance availability in marketing materials and on your website.
5. Follow Compliance Rules – Ensure all advertisements and processes meet FCA requirements.

Key Considerations and Legal Requirements

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Important: In the UK, offering finance is a regulated activity. You must work with a compliant broker and ensure your sales process and advertising comply with FCA guidelines.
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Responsibilities

• Use clear, fair language in promotions
• Never pressure customers into finance
• Provide correct pre-contractual information
• Understand Data Protection obligations

Common Questions

How long does it take to set up retail finance?

Usually 1-2 weeks to onboard with a finance broker and set up systems.

How much does it cost for the retailer?

Finance brokers may charge a small fee per agreement or a commission—costs can often be offset by increased sales.

What credit decisions are involved?

Customers apply for finance and undergo an affordability and credit check by the lender.

Case Study: Unlocking Sales with Finance

A Midlands-based battery storage retailer introduced 3 years 0% APR financing. In six months, order values increased by 34%, and customer inquiries doubled.

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"Offering finance removed a huge barrier for our customers and let us compete with larger national players."
– Store Manager, Midlands
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How to Market Your Finance Offer

• Add finance banners to your homepage
• Train staff to discuss finance in consultations
• Create explainer content for your website and emails
• Use social media ads highlighting monthly payment amounts

Take the Next Step

Ready to boost your sales and help customers access home battery storage? Partnering with a specialist broker like Kandoo gives you the tools, training, and compliance support you need. Get in touch today to start offering smarter finance options.