Up to 1,500 UK homes will be able to have solar panels installed for free each month, following a financial deal between British solar supplier Freetricity and Australian investment bank Macquarie.
According to Freetricity the free solar rollout will be the largest of its kind in the UK and will create more than 550 new jobs.
The panels will be installed by Styles&Wood Energy, which is expected to install more than 30MW of capacity across the country during the course of the scheme.
Paul Williams, CEO of Freetricity said: “The solar industry in the UK is growing and we are delighted that this new financial deal will contribute to that.
“The UK needs to believe in solar energy as a real alternative to traditional energy sources and even newer, more controversial energy generation processes such as fracking.”
Tony Lenehan, CEO of Styles&Wood Energy said: “At a time when many people are struggling with rising energy bills, this project will enable thousands of households to save money while making a contribution to lowering the UK’s carbon footprint.”