With a variety of financial solutions that enable you to invest in renewable energy, you can benefit from cheaper heating without any upfront capital costs.
- Access to specialist finance for low carbon technologies
- ESCO, PPA and Asset Finance available
- Installation costs can be included
- No impact on your working capital
- Fast credit approval
ESCO/PPA & Asset Finance Explained
Working in partnership with leading financial providers including Siemens and The Carbon Trust, you get a finance package that will work for you.
What is an ESCO?
An Energy Supply Contract or ESCO is essentially a financial arrangement with a company who takes complete responsibility for owning, operating, maintaining and fuelling the heating boiler.
The customer simply purchases metered heat at a fixed tariff. This arrangement can help you significantly reduce your heating and energy costs whilst also achieving long-term energy security for your organisation or business.
For many kinds of business, heating and energy costs represent one of the largest budget items annually.
With an ESCO you can access a high quality Herz boiler, financed, installed and serviced Myriad.
A PPA (Power Purchase agreement) is exactly the same but covers the purchase of electricity from a solar PV or gas CHP system.
Key benefits:
- Zero capital outlay for the building owner/operator
- Reduced heating/electricity bills and price certainty
- No maintenance costs
- Low carbon emissions
- A clean and renewable energy source
- Secure energy supply
- Frees up capital spend
What is Asset Finance?
Asset finance is the most common way of financing plant, equipment and machinery. It usually involves paying a regular charge for use of the asset over an agreed period, thus avoiding the full cost of buying outright.
The customer simply purchases metered heat at a fixed tariff. This arrangement can help you significantly reduce your heating and energy costs whilst also achieving long-term energy security for your organisation or business.
Options include:
- Leasing or hire purchase
- Funding up to £500,000 as standard
- Repayments available up to 7 years
- Funding 100% of the net cost
