Pay as You Save

Pay as You Save, helps you make energy-saving improvements to your home and find the best way to pay for them.

The improvements that could save you the most energy depend on your home, but typical examples include:

  • insulation, eg solid wall, cavity wall or loft insulation

  • heating

  • draught-proofing

  • double glazing

  • renewable energy generation, eg solar panels or heat pumps


Eligibility & Improvements


Any household with an electricity meter (including prepayment meters) in England, Scotland or Wales can use the scheme.

Both the landlord and the tenant must agree to the improvements if the building is rented.

You can use Pay as You Save for a range of different measures including insulation, heating, windows and products that generate energy, but only if your Pay as You Save assessment recommends them.


Arrange Assessment

A Pay as You Save assessor will visit your home, talk to you about your property and your energy use and help decide if you could benefit from Pay as You Save improvements.

When you book

You may be asked if:

  • you own or rent the property

  • your home is a listed building, in a conservation area, built before 1900 or constructed in a non-traditional way

  • there are access issues, eg access to your loft

  • you can provide bills showing your recent energy use


After the visit


You’ll get a document, called a Pay as You Save advice report (PYSAR),  that contains:

  • an Energy Performance Certificate (EPC) that rates your home for energy efficiency

  • an occupancy assessment that measures how much energy you and other occupiers are using

  • improvements your assessor recommends

  • an estimate of the money you could save on your annual energy bills

  • a statement on whether the improvements will pay for themselves through reduced energy costs


A Pay as You Save advice report is valid for 10 years, or until you make changes or energy saving improvements to the property, eg you build an extension or change the windows.

The actual savings will depend on how much energy you use and the future cost of energy.


Finance Plans


Finance plans are offered by approved Pay as You Save providers.

You can only get a finance plan for improvements recommended in  your Pay as You Save assessment report.


Each provider must tell you:

  • how much you’ll pay back

  • how long you’ll pay for

What you can borrow and how much you’ll pay

You can get finance for an amount based on what you’ll be expected to save on your energy bills.

The annual repayments on the loan shouldn’t be more than the savings you might make on your energy bills.

There’s no set interest rate. Your interest rate will be determined by the amount of your finance plan. Check with your provider for rates and fees.

The interest rate is fixed for the full term of the plan so your repayments will be fixed.

How you pay !!

You pay back the loan through a charge added to your electricity bill. A small amount will be taken from the meter each day if you have a prepayment meter.

This is because the Pay as You Save plan stays with the property. If you move, you no longer benefit from the improvements and therefore stop paying for them.

You can pay off your Pay as You Save plan early, but you might be charged a fee - check with your provider.


Alternative Finance Methods


We also offer low cost loan option through our lending partners. See IMPROVEMENT LOAN tab.

The Golden Rule

Simply states "The first year instalments must not exceed the estimated first year savings". As an example, if the PYSAR shows  the first year's estimated savings of £400, then the repayments must be no more than £399. 

The principle is "the amount you pay is less than the amount you save" .

  • Note that the agreements include reference to the fact that the savings are estimated.

Pay as You Save Approved Installers

All New Save as You Pay installers, assessors and providers must be authorised and registered.

Overview of the Process

These are the basic stages in the Pay as You Save process in chronological order. Many of the transactions are electronic using Electralink, a data transfer service. The three parties to the SYPAA all link in to a Central Charges Database (CCDb) where information is sent and retrieved by Providers, Energy Suppliers and Lenders. DECC has confirmed that this structure and legislation is to remain.

Credit Check

Hargrave Partnerships has set up a unique credit check facility with Experian with a pass score of 620 and a "light" footprint. They have direct access to Experian so are able to credit check customers in a few minutes. The pass rate historically has been 84%. This will have a positive impact on the debt provision as Energy Suppliers do not credit check customers to open an electric meter account.