The first ‘Zero Bills’ green tech upgrade for existing homes offers no energy bills for at least 5 years.
Octopus Energy has announced a new offering as part of its high profile ‘Zero Bills’ initiative, which could see customers fit out existing homes with green technologies to make them eligible. The first ‘Zero Bills’ green tech upgrade for existing homes offers no energy bills for at least 5 years.
Kicking off trials in Suffolk, the county council is offering £15k interest-free loan for residents to kit out their homes with solar panels and a battery. Octopus Energy estimates 500,000 UK properties built since 2013 could be eligible to be upgraded to ‘Zero Bills’ standards.
The loan covers the upfront costs of installing solar panels and a battery, allowing Suffolk homeowners who already have a heat pump to embrace low-carbon living while unlocking major savings on their energy bills.
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The energy supplier estimates 500,000 UK properties built since 2013 could be eligible to be upgraded to a ‘Zero Bills’ home. Nigel Banks, Zero Bills Director, Octopus Energy, commented: “Upgrading existing homes is the next step in making energy-bill-free living accessible to more people.
“Thanks to the innovative approach from Suffolk County Council, local authorities can now play a vital role in bringing sustainable, cost-free energy to householders. By working together, we can help local people eliminate bills, reduce carbon emissions, and create a model for communities across the UK to embrace a greener future.”
Councillor Philip Faircloth-Mutton, Suffolk County Council’s Cabinet Member for Environment, Communities and Equality, said: “Suffolk County Council prides itself in bringing pioneering net zero projects to our residents, and we’re excited to be the first local authority working with Octopus Energy on ‘Zero Bills’.
“We appreciate the role we have as local authority to be able to lead, influence and support local residents in as many ways possible to help reduce both their energy bills and their impact on the environment.”