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0333 772 3015
quotes@srcnwltd.co.uk
We understand that the sometimes to lessen the impact on businesses to improve, funding may be required.
We understand that the sometimes to lessen the impact on businesses to improve, funding may be required. We’re happy to be able to offer a range of funding solutions ranging from Asset Backed Finance, Power Purchase Agreements (PPA), Lease in arrears options, as well as traditional finance.
It’s important to point out that funding the project through a CAPEX model will yield the greatest returns however, there are some great alternative funding models which still provide significant benefits and savings without the outlay
With this model, the lender provides you equipment that you can use (hire) a fixed term and fixed payment amount. At the end of the term you have the right to buy the equipment for a set nominal amount (for example £100.00 + VAT).
There are no upfront outlay requirements and you will be responsible for the asset, the asset will sit on your balance sheet. The funder will pay us directly and you will begin making monthly payments on a pre-agreed term (up to 10-years). Generally speaking, this is a cash positive funding method when used for Solar PV, the savings made from the system should outweigh the monthly repayment amount.
This method is preferred by schools, local authorities and healthcare providers. Lease arrangements let you use the equipment you need without having to buy it outright. It also offers you use of an asset of economical and social benefit than you may otherwise be unable to purchase.
The system will be installed with absolutely no outlay from the business itself, once installed the system will make an immediate cost saving on energy costs and payment are made usually in arrears (quarterly or annually) to the lease provider to cover the cost of the system. In most cases, the cost of the lease payment is less than the savings made meaning that the system is cash positive from day one.
Payments continue for a fixed period (usually 4-6 years but up to 10) at the end of the lease there is a one o purchase fee which then means the business own outright the system and benefit in full for the remainder of its life expectancy.
During the lease term the asset is owned by the funder and so does not sit on your balance sheet. The business is responsible for the maintenance on the system throughout the term.
This method is preferred by schools, local authorities and healthcare providers. A PPA is fully funded solar PV model with absolutely no outlay from the business, which offers reduced energy costs and the opportunity for long term savings.
Your PV System will be installed for free, and we then sell the generated energy back to you at a lower and better rate than your current energy provider. What’s better is your rate is fixed for up to 25-years! All maintenance and monitoring of the system is included, as well as the potential to save several thousands per year in gutter and roof maintenance, with the option of including this in the agreement. Roofing works i.e. an asbestos overclad project to facilitate the installation of a PV system can be built into the PPA as well.
Using a Power Purchase Agreement (PPA) to fund your installation can make it easier than ever, for you to achieve your decarbonisation ambitions. With this method, the asset is owned by the funder and so it does not sit on your balance sheet.
All maintenance is also the responsibility of the funder however, there are options to buy the system if the business decides.
Contact us today to discuss your goals and explore how our expertise can turn your vision into reality. Whether it’s a roofing upgrade, solar installation, or any something else you think we could help you with. Give us a call!
SRC North West Limited are Solar PV & Roofing Specialists based in Greater Manchester covering the entirety of the UK with key coverage in the North West, Yorkshire and Midlands.
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