Energy Efficiency Financing for Business

The Carbon Trust and Siemens

Investing in energy efficient equipment makes sound business and environmental sense, and with the affordable and flexible Energy Efficiency Financing scheme brought to you by Carbon Trust Implementation Services and Siemens Financial Services, reducing energy costs has never been easier!

Energy Efficiency Financing could help your organisation save money, reduce energy waste and ultimately become greener. Carbon Trust Implementation Services and Siemens Financial Services have combined forces, and together are offering financing options to all types of organisations seeking to reduce their energy use. New, more efficient equipment, should lower energy bills and with financing payments calculated so that they are offset by anticipated energy savings, the financing option is designed to pay for itself.

The scheme is available to all kinds of businesses and organisations. Financing from Siemens Financial Services can be arranged for amounts as little as £1,000 upwards and, assuming our proposed Energy Efficiency Financing project passes the energy saving assessment by Carbon Trust Implementation Services, there are potentially no upper limits*.

Energy Efficiency Financing is available for a wide variety of projects (assuming they meet Carbon Trust Implementation Services’ energy saving assessment criteria). Projects that may qualify include building technologies, such as pipe insulation and air conditioning, or industrial process technologies, including compressed air, refrigeration or specialist production equipment. Energy Efficiency Financing may also be used to fund combined projects, such as replacing heating and lighting.

For further information, please click here.

SALIX

Salix Finance Ltd.  delivers 100% interest-free capital to the public sector to improve their energy efficiency and reduce their carbon emissions.

Salix was established in 2004 as an independent, publicly funded company, dedicated to providing the public sector with loans for energy efficiency projects.

Salix operates a number of interest-free loan programmes for across the UK. For more information on the Salix programmes available in England, Scotland, Wales and for Schools, please click here.

If you’d like to read more about the energy efficiency projects which public sector bodies have been able to implement by utlising Salix funding you can find a wealth of information through their project knowledge slides and case studies. These can be found in their ‘Knowledge Sharing‘ area.

RBS and NatWest

If your business is affected by rising energy prices, switching to a renewable source such as wind or solar power could be the answer.

As well as reducing your own energy bills, the right renewable project could become a source of revenue in its own right.

If you’re unsure where to start, or need help with financing, our team of over 290 independently-accredited renewable energy specialists can provide you with the knowledge, support and funding to help make your project a success.

For further information regarding RBG financial products, please click here.

For more information regarding NatWast financial products, please click here.

 

Department of Energy and Climate Change – ENHANCED CAPITAL ALLOWANCE (ECA) 

The Enhanced Capital Allowance (ECA) Scheme is a key part of the Government’s programme to manage climate change. It provides businesses with enhanced tax relief for investments in equipment that meets published energy-saving criteria.

The Enhanced Capital Allowance (ECA) scheme enables businesses to claim a 100% first year capital allowance on investments in certain energy saving equipment, against the taxable profits of the period of investment.

Capital allowances enable businesses to write off the capital cost of purchasing new plant or machinery (e.g. boilers, motors), against their taxable profits.

The general rate of capital allowances is 18% a year on a reducing balance basis. Some technologies supported by the ECA Scheme (e.g. boilers, lighting) are included in a special capital allowances pool where the general rate of capital allowances is 8%.

If a business spent £1000 on a new electric motor, claimed a standard capital allowance at the 18% rate and paid 23% corporation tax (other rates exist) then the tax relief would be £41.40 in the first year. Further tax relief could be claimed in subsequent years. If however the business invested in a higher efficiency motor listed on the Energy Technology List then it could claim an Enhanced Capital Allowance, giving a one-off 100% tax relief of £230.

Additional benefits of purchasing ECA qualifying energy efficient technologies could include: improved cash flow, lower energy bills, reduction in Climate Change Levy or CRC payment.

For further information please click here.

ReEnergise SmartEnergy Fund

Investing in efficient and renewable energy technology is good for your business. But finding the funding on the right terms to finance your energy project can be very hard. ReEnergise Finance can bring that funding to you, when and where you need it… and on the right terms.

Why ReEnergise Finance?

  • Choose a finance partner that understands how energy efficiency and finance work together
  • Develop a relationship with a funder who can support you and your investment
  • Avoid the traditional upfront capital outlay and spread the cost over a longer term than most
  • Select the best financing solution for your project without impacting budgets or existing credit lines

 For further information please click here.

ReEnergise will also be launching an Energy Efficiency financial product for homeowners in Spring 2014.