A London-based startup, Sunsave, has raised £113 million to expand its solar subscription service across the UK.
The funding includes £13 million in equity and a £100 million debt facility from Crédit Agricole CIB. It’s one of the largest private financings for home solar in the UK to date.
Sunsave offers rooftop solar and battery systems through a monthly subscription. Prices start at £69 per month. There are no upfront installation costs. Customers start saving on energy bills immediately.
The company launched in 2022 and is growing fast. Subscriptions have increased 32% month-on-month since January. Most customers are already saving over £685 per year.
Unlike older lease models, Sunsave gives users full ownership of the system. The package includes 20 years of maintenance, monitoring, and insurance. Customers are also protected under UK consumer regulations.
Sunsave’s plans go beyond solar. The company aims to add EV chargers, heat pumps, and smart energy tools. It wants to create a full home energy platform.
Backers include Norrsken VC, IPGL, and former Wise employees. UK government support has also come through a £2.2 million grant.
The service is available in England and Wales, with plans to expand.
Sunsave’s goal: make clean energy simple, affordable, and mainstream.
