Financing your investment
The economics of Solar PV now means that the investment returns are excellent without the need for subsidies. The table below illustrates the annual generation, cost and average payback period for a commercial solar PV system. The figures below are based on installing on a trapezoidal tin roof, on the cost of electricity cost @30p/kWh and includes scaffolding.
* Please note the figures above are for illustrative purposes only, a full site survey will need to be carried out on your premises and a DNO application will need to be made before works can begin.
Green Asset Finance
There are many finance providers that now specialise in funding green energy projects. Some providers such as the Carbon Trust in Wales specialise in providing asset finance based on where your business is based. Others such as Peregrine Finance specialise in specific sectors. In Peregrine’s case this is for farmers and rural businesses.
For Asset Finance, We Partner With Portman
Portman Finance Group are a provider of fast and flexible finance solutions to both established and start-up businesses in any industry sector. They have helped grow more than 15,000 UK companies by arranging over £1 billion in funding since being established in 2007. Portman are specialists in helping SMEs to secure the funding they need from a range of specialist lenders or their own lending arms.
Portman is both a lender and broker with access to over 40 partners and a range of finance products. They are well-placed to provide asset finance or business loans in a bespoke finance package, allowing you to invest in your business’s growth and get what you need now.
Asset Finance is only able to assist large partnerships and limited companies.
There are a number of energy grant schemes and many of these are managed by the Local Enterprise Partnerships (LEPS). Find your local LEP.
An example of such a scheme is the The Marches Energy Grant (MEG) offers free advice, energy assessments and grants for energy efficiency and renewable energy measures to SMEs from all sectors in Herefordshire, Shropshire & Telford & Wrekin.
At Caplor we keep an up-to-date list of grants available, so please just contact us to find out more.
Power Purchase Agreements
For businesses that want the benefits of renewable energy, but simply do not have the capital available to invest, Power Purchase Agreements (PPAs) are a great option. A PPA provider will in essence lease the air space above your Solar PV system. The PPA will pay for the installation, covering purchase, installation and ongoing operational maintenance. In return the PPA provider share the returns with the business renting their roof or ground space. Again, Caplor have recommended PPA providers, so please just contact us to find out more
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