We can offer a range of finance deals to help you fund your biomass boiler installation.
Your own bank should always be your first port of call. They all have massive amounts of money set aside to fund renewable projects. This is partly because being green and supporting green industries is trendy at the moment, I’m sure, but also for the reason that the income you get from the RHI gives you another income stream — a nice steady predictable and reliable one.
We have installed dozens upon dozens of biomass systems on a variety of business premises. Many of these have used our services to install solar photo voltaic panels as well. Often the income from the panels combined with that from the boilers produces an income equal to or greater than that of the primary business. Add to this the savings achieved by using your own electricity instead of paying for it, and those achieved by heating with a cheaper off-grid fuel, and it makes pretty much any business look attractive to a financier.
Banks tend to offer the lowest interest rates, but often charge hefty arrangement fees.
We work closely with our local Lombard representative and have a good working relationship with her. She knows us and our products and is happy to offer finance on them. Rural Finance is another company we have had good experiences with. Our contact there has been very helpful in getting good deals for several of our clients. We receive no commission from Lombard or Rural Finance. All we do is make the introduction and leave you to work out the finer details between yourselves.
ESCos — a zero cost option
ESCos are Energy Supply Contracts. We can put you in touch with several companies that specialise in this type of arrangement. The ESCo will typically pay for the whole installation, maintain it, fuel it and all you do is pay for the energy you use on a meter reading.
How can they afford to do this? What’s the catch?
Answer: They keep the RHI for the next twenty years.
What’s the benefit for you?
Answer: Zero up front cost, zero maintenance, lower off-grid fuel cost, lowering the carbon footprint of your business and fluffing-up your green credentials.
Lease purchase — another zero cost option
We can also put you in touch with several investment groups that will fund all the up front costs of an installation.
Question: What’s the catch?
Answer: They keep the RHI for a number of years, usually six or seven — this pays them back for the installation cost and makes them a profit on top. At the end of the agreed term the equipment is yours to keep.
If you would like further details from us, please either fill in the contact page, or call us on 01935 476927