31 Dec

Does Flow Energy do cashback?

Written By Dom Mia
December 31, 2023

Posted at 14:48h in Cashback, Home Blog 3 by Dom Mia

Flow Energy is known for its innovative approach to providing energy solutions for households. One of their offerings that has gained attention is their cashback program, known as Flow Freedom. This program allows homeowners with large heating needs to install a new generation of combined heat and power boilers that not only provide heating and hot water but also generate electricity.

So, does Flow Energy do cashback? Yes, they do. Through the Flow Freedom program, homeowners can benefit from monthly cashback payments while reducing their carbon footprint and potentially even making money in the long run.

Key Takeaways:

Flow Energy offers a cashback program called Flow Freedom.
The program allows homeowners to install combined heat and power boilers that generate electricity.
Homeowners receive £77 per month in cashback from Flow Energy.
The income generated from electricity and feed-in tariffs is shared between Flow Energy and the homeowner after five years.
Flow Energy’s cashback program provides an opportunity for homeowners to benefit from reduced installation costs and potential savings on energy bills.

How does the Flow Energy cashback scheme work?

To participate in the Flow Energy cashback scheme, homeowners must sign a five-year agreement with Flow’s finance partner, Zopa, and pay £77 per month. Flow Energy will then rebate £77 per month in cashback to the homeowner. This cashback program is made possible by the combined heat and power boiler installed in the household, which generates electricity and earns income through the government’s feed-in tariff scheme.

After five years, homeowners will have paid a total of £4,620 but received the same amount as cashback. At this point, the £500 worth of electricity generated and the feed-in tariff payment are shared equally between Flow Energy and the homeowner. This means that homeowners can effectively offset the installation cost over time, essentially providing a free or significantly reduced-cost boiler.

In summary, the Flow Energy cashback scheme allows homeowners to install a new generation combined heat and power boiler that not only provides heating and hot water but also generates electricity. By participating in the scheme, homeowners can receive monthly cashback, offsetting the cost of installation and potentially even earning additional income from the electricity generated by the boiler.

Flow Energy Cashback Program Advantages

Opportunity to offset the installation cost of a combined heat and power boiler over time
Potential to earn income through government feed-in tariffs
Ability to share in the electricity generated by the boiler
Stability and commitment provided by Flow Energy’s status as a listed company with major shareholders
Potential savings on energy costs by switching to Flow Energy as the energy supplier

Customer Reviews of Flow Energy’s Cashback Program

Customer reviews of Flow Energy’s cashback program have been overwhelmingly positive. Many customers have praised the program for its simplicity and the significant cost savings they have experienced. One customer, John, shared his experience, stating, “Switching to Flow Energy and participating in their cashback program was one of the best decisions I’ve made. Not only have I seen a reduction in my energy bills, but the cashback I receive every month has been a welcome bonus.”

“The process of switching to Flow Energy was seamless, and their customer service team was incredibly helpful throughout. The cashback I receive every month has made a noticeable difference in my household budget, and I appreciate the opportunity to generate income through the feed-in tariff scheme.”

While the majority of reviews are positive, there are a few customers who have mentioned challenges with billing or difficulties in canceling their contracts. However, it is important to note that these negative experiences appear to be the exception rather than the norm. Overall, the customer reviews indicate that Flow Energy’s cashback program is well-received and provides financial benefits to participants.

Conclusion

After examining the details of Flow Energy’s cashback scheme, it is clear that there are both advantages and risks to consider. On the positive side, homeowners have the opportunity to install a new generation combined heat and power boiler at a reduced cost, while also generating income through feed-in tariffs. This can result in significant savings on energy bills and even provide a free or greatly reduced-cost boiler over time.

However, it is important to be aware of the potential risks associated with participating in the program. The reliability of the boilers and the limited warranty period are concerns that homeowners should keep in mind. Additionally, the financial stability of Flow Energy could impact their ability to rebate customers their monthly cashback payments.

In conclusion, while Flow Energy’s cashback scheme offers enticing benefits, it is crucial for potential customers to carefully evaluate the program and consider both the positive and negative customer experiences. By doing so, homeowners can make an informed decision about whether this cashback scheme is the right choice for their heating and energy needs.

FAQ

Does Flow Energy offer cashback?

Yes, Flow Energy offers a cashback program called Flow Freedom.

How does the Flow Energy cashback scheme work?

Homeowners sign a five-year agreement with Flow’s finance partner, Zopa, and pay £77 per month. Flow Energy then rebates £77 per month in cashback to the homeowner. After five years, the homeowner and Flow Energy share the income from the electricity generated by the combined heat and power boiler.

What are the benefits of Flow Energy’s cashback offer?

The cashback offer allows homeowners to install a new generation combined heat and power boiler at a reduced cost. The cashback received from Flow Energy can offset the installation cost, essentially providing a free money-making boiler for the homeowner. Additionally, choosing Flow Energy as the energy provider can result in further savings as the company undercuts most standard tariffs.

What are the risks of Flow Energy’s cashback scheme?

One risk is the reliability of the new generation combined heat and power boilers. Flow Energy’s boilers only come with a two-year warranty, although the electricity generating module is warranted for up to ten years if the customer continues to get their home energy from Flow. Additionally, if something were to happen to Flow Energy, there is a risk that they may not be able to rebate customers their monthly cashback payments.

How does Flow Energy’s cashback program compare to other suppliers’ offers?

While other companies may provide upfront cashback or discounts, Flow Energy’s program allows homeowners to generate income through feed-in tariffs and share in the electricity generated by the combined heat and power boiler. The income from the program can offset the installation cost over time, effectively providing a free or significantly reduced-cost boiler for the homeowner.

What do customers say about Flow Energy’s cashback program?

Customer reviews of Flow Energy’s cashback program have been generally positive. Many customers praise the ease of switching to Flow Energy and the cost savings they have experienced. However, there are some negative reviews that highlight issues such as billing problems and difficulties in canceling contracts. It is important for potential customers to carefully consider both positive and negative reviews before deciding to participate in Flow Energy’s cashback program.

Conclusion

In conclusion, Flow Energy’s cashback scheme offers an opportunity for homeowners to install a new generation combined heat and power boiler that generates electricity and provides cashback over time. While the program has its benefits, such as reduced installation costs and potential savings on energy bills, it also comes with risks, including the reliability of the boilers and the financial stability of Flow Energy. Potential customers should carefully review the details of the program and consider both the positive and negative customer experiences before making a decision.