Solar & Renewable Energy Project Finance

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  • Save on energy costs
  • Future-proof against inflation
  • Possible tax benefits
  • Spread initial outlay costs
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427 reviews on 4.8 stars
 
  • Both a lender and broker
  • Financing renewable energy projects
  • Helping UK businesses go green
Invest in solar and green energy for your business

Finance Renewable Energy Projects

Businesses across the UK are feeling the pressure of rising costs and energy bills. The new 6-month cap on wholesale energy prices may help temporarily but 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). We should all do our part to make for a greener and more sustainable future.

How does it work?

Furture-proof Finance for Solar & Renewable Energy Sectors

We know that finance can sometimes be confusing and stressful, but what we do is simple.

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1. Get started in 1 minute.

Enquire without affecting your credit score.

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2. Understanding your business.

A dedicated account manager will discuss your needs and collect documentation.

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3. Our experts do the leg-work.

We find the right deals, complete applications on your behalf and get you a no obligation quote.

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4. Your no-fuss finance is funded.

If accepted, your assets will be bought and delivered or the finance released to your account.

Enquire today
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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.

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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 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.

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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 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

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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.

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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.

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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.

How can we support your renewable energy projects

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Hire Purchase

Hire purchase usually involves paying the VAT and a deposit up-front. Fixed monthly repayments are then made, affected by whether you pay off the entire loan over the term or chose a final balloon payment. The final option to purchase is guaranteed for a nominal fee, transferring ownership of the asset to the customer.

Hire purchase is well-suited for situations where a company definitely wants to own the item at the end of the term, often where the asset has a significant usable lifespan, a high residual value and will not need to be upgraded.

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Lease Finance

Equipment leasing allows a business to acquire hard or soft assets without the upfront costs associated with large purchases. A lender purchases the item, the business then leases it through fixed monthly payments over an agreed term.

Typically, asset finance is provided for high value ‘hard’ assets such as machinery, equipment, or vehicles, but Portman also arranges asset finance for ‘soft’ assets such as IT, fitness, catering, or vending equipment, as well as premises fit-outs, furniture or even air-conditioning.

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Business Loans

Business loans are a way of borrowing money, which is repaid in monthly instalments, including interest, over an agreed term. Business loans are a common way to help smooth out cashflow fluctuations and take opportunities where otherwise they could be missed due to a lack of working capital.

Business loans can be secured or unsecured. Portman typically provides unsecured loans which can be more flexible and do not require collateral but are likely to require a personal guarantee. Secured loans are tied to an asset which the lender can claim ownership of if repayments are not made, these may be used in equipment refinance deals.

Explore Business Loans
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Start Up Loans

New businesses often need an injection of finance to get them off the ground. Asset finance for new businesses allows you to focus on running your company and bringing in customers, confident that you have the equipment, vehicle or stock you need without the large initial outlay.

Using finance for your equipment means that you preserve the credit card or overdraft for contingency and operating expenses when the unexpected happens.

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Equipment Refinance

If you recently bought a high-value item outright but would now prefer to have financed it, we can help with a sale-and-lease-back agreement. If the item is less than 3m old, give us a copy of the invoice and we will calculate the current value. After a few checks and acceptance of the term and monthly repayments, we can give you the cash equivalent of the invoice to put back into the business. You’ll then make fixed monthly payments including interest, whilst your asset earns you money.

If your business owns high value assets that are not currently on finance, subject to a valuation, it is also possible to use them as security for a loan, with lenders offering a cash loan up to a % of the asset’s value.

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Recovery Loans

Recovery Loans offer an excellent way of making sure your business gets back on its feet after the long-term effects of the pandemic and subsequent supply chain disruption. Businesses with turnovers up to £45m, including those who have previously benefited from the government’s CBILS, BBL or RLS, can apply.

Recovery Loans can be used for any legitimate business purpose or simply to provide cashflow. Rates are capped and the government continues to guarantee 70% of the outstanding balance, giving added security for lenders who are now able to consider finance for businesses who may have previously found it difficult to obtain.

Up to £2m can be borrowed on terms from 2 to 6 years. Your personal private residence cannot be taken as security.

Explore Recovery Loans

Successful businesses protect, invest and evolve.

Unlock your potential with Portman Finance Group.

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