In a bid to remove some of the barriers preventing UK consumers from installing solar panels Sharp has teamed up with Hitachi Capital (UK) to offer a range of financing options for private investors and business customers looking to go solar.

The finance package, offered by Sharp-certified installers, will be available for terms of between seven and 10 years for businesses and between three and 10 years for private households.

“This cooperation is an important step for us because our strategy is particularly focused on the field of small scale systems for private households. And it is precisely this sector which has seen an explosion in demand for financing options in recent years,” explained Peter Thiele, Executive Vice President Sharp Energy Solution Europe.

Robert Gordon, Chief Operating Officer of Hitachi Capital (UK) PLC, said: “We are delighted to be working in partnership with Sharp. The combined offering of supply, installation and tailored, affordable, long term financing will be an attractive proposition for homeowners and businesses. Financing will be available (subject to credit approval) for terms of between seven and ten years for businesses and between three and ten years for private households.”

The scheme has now been officially launched in the UK and is planned to be extended to other European countries in the near future.