Funding your Solar PV System

The economics of Solar PV now means that the investment returns are excellent without the need for subsidies. However, due to the urgent need to fight climate change, there are a number of options to help fund your Solar PV project.

Grant Funding

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 Marches Renewable Energy (MarRE) grant available for businesses in the Marches LEP area for funding up to 50% towards eligible renewable energy technologies. More information and application details can be found here.

At Caplor we keep an up-to-date list of grants available, so please just contact us to find out more.

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. To get a list of available green asset finance providers, please just contact us.

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

Stage Payments

A further option to fund your Solar PV system is via staged payments. Rather than paying a lump sum for the installation of Solar PV, homeowners or businesses can pay for their system over 12 months. If you would like to discuss this option, please just get in touch.

Target 2030 SME Grant Scheme

Target 2030 is a business energy efficiency programme designed to help small and medium sized businesses identify and reduce their energy costs and impact on the environment through the installation of energy efficiency measures.

The service is funded through the European Regional Development Fund and delivered by Severn Wye Energy Agency, a sustainability charity with 20 years’ experience of supporting local businesses.

This grant scheme is available to eligible SME businesses in Gloucestershire, Swindon and Wiltshire. Eligible applicants can apply for a 30% grant towards the installation of eligible renewable technologies on their premises, ranging from £500 to £60,000.

Marches Renewable Energy Project

The Marches Renewable Energy (MarRE)  is a grant scheme part-funded by the European Regional Development Fund, running for two and half years from 1 July 2019 to 31 December 2021.

Eligible applicants can apply for a 50% grant towards the installation of eligible renewable technologies on their premises.

Click the button below for more information and application details.

Business Energy Efficiency Programme (BEEP)

The Business Energy Efficiency Programme will help local businesses to manage and reduce energy costs, while improving their environmental impact with free energy and resource efficiency reviews and grants up to £20,000.

Part funded by the European Regional Development Fund, BEEP is available to eligible businesses in Worcestershire, Herefordshire, Shropshire, Telford and Wrekin.

Click the button below for more information and application details.

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