ScottishPower and Santander UK team up to offer £1,000 energy deal

Happy woman looking over her finances
-Credit: (Image: Getty)


A unique partnership between one of the UK's largest energy companies and a high street bank is set to offer customers £1,000 towards green home improvements aimed at reducing bills. ScottishPower and Santander UK will each provide £500 in cashback or bill credit, totalling £1,000, for eligible customers.

The collaboration aims to simplify the process for homeowners looking to invest in sustainable energy solutions such as solar panels and heat pumps, with the goal of lowering their bills and carbon footprint over time. Santander UK will give £500 cashback to its customers who take out a loan with them to fund renewable energy home projects.

Additionally, ScottishPower will offer an extra £500 credit to those customers' energy accounts when they buy and install solar panels at home through the company. Combined, these incentives could result in customers receiving a total of £1,000 when they opt to invest in solar panels, helping to counterbalance the initial costs of more energy-efficient home technology and making it more accessible and affordable for customers nationwide.

Research by green energy experts Sunsave revealed that 70 percent of UK households would like to install a solar system, but government data indicates that only 4 percent have done so, largely due to the substantial upfront installation costs.

Happy woman looking over her finances
ScottishPower and Santander UK will provide £500 each in cashback or bill credit - for a total of £1,000 - to customers who qualify for the deal. -Credit:Getty

A new partnership has emerged, highlighting the growing trend of energy companies incentivising customers to adopt eco-friendly home upgrades, reducing upfront costs and slashing bills. As a pioneer in the UK's renewable energy sector, ScottishPower proudly declares itself the first integrated energy company to generate 100 percent green electricity, primarily through wind power.

Andrew Ward, Chief Executive of ScottishPower's Customer Business, commented: "We know that a large proportion of the UK's carbon emissions comes from domestic housing, and that measures like heat pumps and solar panels are the solution. Not only will they support the move to a net zero country, they also have the added benefit of reducing customers energy bills and protecting households from volatile gas prices."

"The people of the UK need banks like Santander to offer more affordable and innovative finance solutions to help the energy transition. Many homes don't have the savings to invest and so making it easier for households has to be the priority of energy companies, banks and government."

Michael Taylor, Head of Green Finance, Homes, Santander UK, commented: "We know that many homeowners want to take steps towards improving their property's energy efficiency, but our research showed that more than half don't know where to find trusted information, suppliers and installers. Our partnership with Scottish Power will help customers overcome these hurdles, as well as giving them money back in their pocket to help reduce the cost of upgrading their home."

"Alongside existing measures, such as a free EPC assessment available on our website and discounted mortgage rates for EPC A and B rated properties, we're ready to support homeowners, whatever stage of the energy efficiency journey they're at."

Meanwhile, Octopus Energy recently unveiled a monthly subscription deal to cover the cost of installing solar panels, in collaboration with specialists Sunsave. The company stated that the panels enable homeowners to slash their energy bills by over £400 annually.

Sunsave declared: "Monthly payments start at just £69, with zero upfront costs to install, and the average family could save 1.63 tonnes of CO2 and £420 in the first year or £51,935 over the next 25 years on their energy bills."