Hometree secures £250m from Barclays to finance residential renewable energy installations.
The London-based residential energy services company has raised debt financing from Barclays to widen access to domestic green technology.
Hometree is a residential energy services provider based in London that offers financing, installation, and maintenance for green energy technologies.
Hometree has secured £250m in debt financing from Barclays to expand access to domestic renewable energy installations. The company plans to deploy the capital to fund the rollout of solar panels, battery storage, and heat pumps through structured lease and loan products.
With high household energy bills persisting, the residential energy services provider aims to address the barrier of upfront equipment costs. The fresh funding will support its objective to install over 28,000 renewable energy systems across the UK over the next two years, offering customers long-term financing options backed by maintenance guarantees.
From the founder
"Many homeowners naturally want to invest in renewable technologies but are put off by the extraordinarily high upfront costs. That’s why we’re focused on removing barriers to help more households take control of their energy bills and carbon emissions. We’re delighted to be working with Barclays to help us develop and scale flexible finance solutions with all-inclusive cover built-in, to enable homeowners to make the switch to clean, green energy with confidence."
Simon Phelan
Founder and CEO at Hometree
Use of funds
- 01Continue product development
- 02Scale operations
