Clean energy finance
Clean energy finance for businesses
Solarsense has partnered with some of the UK’s leading financial institutions to offer competitive finance for solar panels and clean energy technologies. From asset finance and hire purchase to a solar PV power purchase agreement (PPA); we will ensure you receive the best advice possible and a finance package to suit your specific business.
As part of our consultative approach, we offer guidance as to what grants are available for your business and provide detailed economic efficiency calculations with your free desktop survey to ensure you understand exactly how and when you can expect to break even, the structure of repayments and the overall profit for your business. Contact us for a free solar panel survey for your business today.
Renewable Energy Finance: Self Financing
Self financing is the most popular option for purchasing commercial solar panels. This option offers the best financial returns over the lifetime of a renewable energy system and will reduce your payback period considerably.
Many businesses will be eligible to offset up to £100,000 of their investment in tax through the annual investment allowance. As part of our consultancy-led service, Solarsense will help you to investigate your entitlements.
Renewable Energy Finance: Asset Finance
Asset finance is the third most common source of finance after overdrafts and loans. It is often used to obtain tangible assets – from coffee machines, to manufacturing plant to solar panels. Asset finance can offer significant cash flow and tax benefits for businesses. Solarsense has aligned with a number of long-standing finance partners to deliver businesses with an asset finance offer that makes sense. In some cases your asset finance payments will be less that your savings on electricity, meaning that your business could be cash positive from day one.
Smart Ease Payment plan
With a Smart Ease payment plan you pay £0 cost up front and your business pays for the equipment in monthly instalments over a fixed term. Fast and easy application and approval process. Suits all types of energy efficiency equipment, including solar PV, energy storage, and solar carports.
Apply online – fast online application and instant approval up to £150k*.
Get your equipment – our supplier installs energy-saving equipment.
We pay your supplier – settle the cost of your clean energy equipment.
Regular payment – pay your instalments for the term of your plan.
Power Purchase Agreement (PPA)
A power purchase agreement (PPA) has become one of the most popular ways of financing commercial solar panels. If your energy usage and roof space meet specific criteria, this solution allows you to benefit from a free solar PV installation, financed by a PPA provider. You make big savings on energy bills without taking on ownership and maintenance. Solar equipment is owned by the PPA provider who then sells electricity to you at an agreed rate (p/kWh) throughout the agreement. This is typically at a much lower rate than you would pay from grid and will provide your business with all the benefits of solar PV.
How a power purchase agreement works
Scope your solar system – Find a solar system to best suit your organisation’s energy-usage patterns and needs.
Solar installed – without any outlay – PPA provider installs solar panels on your roof at no cost to you.
Pay for electricity at a lower rate – Buy the power generated by the solar panels at an agreed low rate throughout the agreement.
Everything taken care of – PPA provider owns, maintains and upgrades the system for the life of the agreement.
The Boiler Upgrade Scheme
The Boiler Upgrade Scheme (BUS) is a UK Government initiative to encourage small businesses in England and Wales to install low carbon heating systems, including heat pumps. The scheme will be open to small business properties in England and Wales.
The Boiler Upgrade Scheme will run from 2022 to 2025 and offers businesses £7500 for installing an air source heat pump and £7500 for ground source heat pumps. For more information please visit The Boiler Upgrade Scheme. To get a free, no obligation quote for your small business, please fill out the form on our contact us page.
Feed-in Tariff (FIT) for businesses
The Feed-in Tariff for solar panels closed in March 2019. The cost of manufacturing solar panels has plummeted by 82% in the last ten years, according to the International Renewable Energy Agency (IRENA). These cost reductions are passed onto businesses when purchasing their PV system, providing healthy financial returns and a reduced payback period.
Solar panels are a very sensible and long-term investment for businesses looking to future proof their energy costs and increase their bottom line. Sunlight is free, so once you’ve paid for the initial installation, your long-term electricity costs will be reduced considerably. Your installation will eventually pay for itself over time (in some cases in as little as 2-years). The exact period will be determined by a number of factors such as the size of your array, roof orientation, shading issues and the brand of panel you choose.
Power to your business webinar series: Episode 2
Solar Energy Finance, Funding and ROI
EPISODE TWO: The Finance, The Funding and The Return on Investment
Solar PV is leapfrogging ahead of other energy sources across Europe and taking an ever-increasing share of energy generation in the UK. Organisations are seeing it as not only the most efficient way to drive decarbonisation and demonstrate a commitment to net zero, but also the smartest, simplest way to reduce costs and enjoy long term energy security. In this episode we bring together an independent, cross-sector expert panel to help answer the financial questions organisations ask when they look at investing in solar.
