Save on solar and heat pumps with cashback from your bank

Did you know you could get up to £2,000 cashback when you get a heat pump or solar and a battery? If you’re a customer of Lloyds, Halifax, Nationwide, HSBC, Santander and Virgin Money, read on.

Go green and get up to £2000 cashback

If you’ve been thinking about getting solar panels or a heat pump to upgrade your home and cut your energy bills, but not sure if you can afford it, we’re here to help.

We offer a range of monthly finance offers in order to help spread the cost of a heat pump, solar and battery, including 0% finance on solar.

And we’re not alone. Many of the biggest banks and mortgage lenders are encouraging customers to make green home improvements, paying up to £2,000 cashback to customers who install heat pumps, and £1,000 for solar and battery.

For example, if you’re a Lloyds Bank or Halifax customer (with a Lloyds loan, mortgage, savings, investment or insurance product) and get a heat pump installed with Octopus, you’ll be eligible for £2,000 cashback within 30 days of installation and £100 energy credit. That means, with the addition of the government's boiler upgrade scheme taking an additional £7,500 off the cost, you could get a heat pump for less than a gas boiler!

	Solar & Battery	Heat Pump	Need to know
Lloyds Eco Home Reward	£1,000	£2,000	Available for Lloyds mortgage customers applying for a new mortgage, additional borrowing, or switching to a new deal after 31 July 2024 You need to complete the home improvement within one year of applying for a Lloyds Bank mortgage, additional borrowing, or new deal In addition to £2,000 cashback, if you’re a Lloyds Bank borrowing, mortgage, savings, investment, or insurance customer and get a heat pump installed with Octopus, you’ll also be eligible for £100 energy credit Find out if you’re eligible
Barclays Greener Home Reward	£1,000	£2,000	Available to Barclays residential mortgage customers only One claim per mortgage and must be your permanent residence Must use a TrustMark approved installer Cashback is paid 30 days after install into bank account mortgage payments are taken from. You’ll have three months from the date you made the final payment for your installation to submit your claim for the Greener Home Reward. Find out if you’re eligible
Halifax Green Living Reward	£1,000	£2,000	Available for Halifax mortgage customers applying for a new mortgage, additional borrowing or switching to a new deal after 31 July 2024 You need to complete the home improvement within one year of applying for a Halifax Bank mortgage, additional borrowing or new deal In addition to £2,000 cashback, if you’re a Halifax borrowing, mortgage, savings, investment or insurance customer and get a heat pump installed with Octopus, you’ll also be eligible for £100 energy credit Find out if you’re eligible
Virgin Money Green Reward	£250	£250	You need a residential or buy-to-let mortgage with Virgin Money and to apply for additional borrowing for home improvements You plan to spend at least £2,500 of this additional mortgage borrowing on qualifying green home improvements Need to register with Virgin Money by 30 June 2025 Need to complete the home improvement and submit your claim by 31 December 2025 Find out if you’re eligible

Making green energy cheaper for everyone

We’re on a mission to decarbonise UK homes. That’s why we’ve worked hard to bring down the cost of installing low carbon tech, like heat pumps, solar and battery, in homes across the UK, making it easier and more affordable to benefit. Here are some of the other ways we’re reducing the cost of installation:

Solar panels

Pay monthly with 0% finance. This means you'll pay nothing upfront for your solar panels and pay them, back over 1, 2 or 3 years through our partnership with Zopa. Or over 5 or 7 years at a fixed interest rate of 9.9% APR.
Cut your electricity bills by 90% on an import and export tariff. Octopus Flux is designed to give you the best rates for soaking up those sunny rays and selling them back to the grid in peak periods.

Get a solar quote

Heat pump in garden next to pink flowering plant

Heat pumps

Get a heat pump installed from as little as £500, with the £7,500 government grant (we’ll apply for the grant on your behalf)
Technology you can trust. We've become the first energy provider to make and install our own heat pump with easy controls and smart benefits.
Affordable and accessible for all — 90% of our heat pump quotes beat the national average cost.

Once you’re heat pump is installed, you could save £264 a year on heating compared to a gas boiler with the Cosy Octopus heat pump tariff

Get a heat pump quote

Published on 31st January 2025 by:

Milly Sullivan

Writer

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Hey I'm Constantine, welcome to Octopus Energy!