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Solar & Renewable Energy Project Finance
- £10k to £2mil. 3 months to 6 years.
- Business Loans & Asset Finance.
Finance Renewable Energy Projects
Businesses across the UK are feeling the pressure of rising costs and energy bills. Investing in renewable energy could be a long-term solution that can help future-proof your business against further inflation. Of course, looking at the bigger picture, it is also a huge benefit to the environment to use renewable energy and will contribute to delivering the UK requirement for 2030, forecast by the National Grid future energy scenarios (FES).
Furture-proof Finance for Solar & Renewable Energy Sectors
We know that finance can sometimes be confusing and stressful, but what we do is simple.
Should my business invest in solar or green energy?
Investing in renewable energy is not only good for the environment, but it can also be beneficial to businesses of all sizes that operate during daylight hours. On top of potentially substantial energy savings, it can increase your additional income potential, and you can lower your business’s carbon footprint which makes you eligible for certain tax benefits.
Finance the initial outlay of renewable projects
Despite the abundance of financial and environmental benefits, many businesses are reluctant to invest in renewable energy due to the substantial cost of initial outlay. Portman can provide you with a solution – all planning, purchasing and installation can be covered with asset finance, meaning you can reap all the perks of this investment without having to restrict your cash flow.
How do I finance my renewable energy project?
Before coming to us with your chosen renewable system, ensure you have a full survey evaluation and have received a comprehensive quote/invoice. Then bring it to us and we’ll help find and arrange an asset finance deal that fits your profile. Your lender will pay the supplier directly whilst you repay in monthly instalments.
Staged payment deals are an option for those who would like assurance that the installation and quality of the system in satisfactory before paying the full cost. Let us know if there are any issues and we’ll withhold the final payment until it has been resolved.
What Renewable Energy Solutions Are Available
- Solar Panel Systems
- Wind Generated Power
- Electric Vehicles
- Biomass Boilers
- Air & Ground Source Heat Pumps
Electric Vehicle Finance
Driving electric is more cost effective and eco-friendly than diesel/petrol vehicles, despite energy price rises. The government have committed to phasing out the sales of new petrol and diesel cars and vans by 2030, and that all new cars and vans will have zero emissions at the tailpipe from 2035. Soon enough, buying electric will be the only way to go, so why not invest now?
Businesses are not only adopting electric cars and financing charging points, but electric vans, forklifts and plant are all available.
What renewable technology can I invest in?
The most common investment for a business is solar panels. With rising energy prices, given enough coverage and effective installation, payback times are reducing. However, energy generation through micro wind turbines and batteries, also known as wind chargers, are becoming increasingly common. Businesses are also reducing operational costs with biomass boilers, ground or air source heat pumps and of course switching to electric vehicles.
What are the tax benefits for going green?
If you install a renewable energy system that generates over a certain capacity, you are eligible to benefit from the the Smart Export Guarantee. The SEG is a government-backed initiative that requires some SEG Licensees to pay small-scale generators for low-carbon electricity which they export back to the National Grid.
SEG Licensees determine the rate, the contract length and other terms, so if you do apply for an SEG tariff, you should shop around to see which tariff is best for your business.
Read our case study below:
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