With the loss of the Feed in Tariff many believed that the small scale renewable energy industry was dead in the UK. This is not true.
There are still many support mechanisms available to help you to use renewable energy on site. Whatever your need we can help you to understand the options available.
If you decide to finance a project we can help you find low and even no interest loans and guide you through the available grants or if you are looking for power purchase agreements (PPAs) we can help you to find an asset developer to install on your site.
Regardless whether you are a private individual, a business, Public sector, or even 3rd Sector, there are options available to you for funding your project.
If you would like to own the generation asset then finance can be an option We can help you with your financial modelling to ensure your project remains viable.
We can help you with leasing the asset and put you in touch with our partner to give you very attractive rates in a tax efficient manner.
For Public Sector Organisations, schemes offered by Selix Finance can offer you 0% loans on up to half the cost of a project and we can help you source funding for the balance.
Leasing is an option if you wish to ultimately own the generation assets, although it may require full payment before break even.
Our finance partner, LoveFinance, can offer competitive rates on lease options up to £100,000 on terms between 2 and 5 years.
Use our calculator to see if this is a viable option for you. it is also worth remembering that if this is done as a business asset that there is 20% tax relief available.
So long as the lease is put through your business, you are able to claim tax relief on 100% of the payments against any corporation tax you may pay during that accounting period This means you can save a cash amount equal to 20% of the lease payments. Please check with a qualified accountant for your specific circumstances and how to claim the relief.
*The effective Annual Rate assumes you use the full 20% tax relief on lease payments each year.