Renewable energy asset finance and funding that’s tailored to suit your business
Clean or renewable energy can make good commercial sense for your business, especially if you use large amounts of power, and asset finance can help you fund it. Traditionally, investments like solar PV, biomass boilers or ground source heat pumps come with large upfront payments, but our range of funding options can help you to spread the cost. However big or small your renewable ambitions are, asset finance can make them a reality. Our brokers have access to a panel of lenders that includes many of the biggest and most trusted names on the market.
At Beacon, we guide you through the funding process from start to finish. Whatever line of business you’re in, we have the industry knowledge to support your next renewables project, whether it’s a tried-and-tested product or cutting-edge clean technology. We look after the proposal and sort out all the paperwork so you can focus on the day job, and look forward to making your business cleaner, greener and cheaper to run.
You could fund:
Gone are the days of sky high returns from Feed-in Tariffs, but solar PV remains a great option for any business that consumes large amounts of electricity on-site. PV can cut your energy bills considerably, as well as your carbon footprint. It’s available through a range of asset finance funding options and can be used to fund the very latest solar technology.
Case study: solar farm
- £200,000 project loan
- 84 monthly payments of £2,910
- £200 set up fee, payable with the first repayment
Our customer was a farmer who grows and packs fresh and frozen fruit for the major supermarkets. They wanted to bring down the energy costs from the farm’s refrigeration units with a 200kW ground mount solar PV installation in an adjacent field. A project loan was paid to them directly, in full, giving them the flexibility to pay contractors on their own terms. They received the loan within three weeks.
The future of renewables will be dominated by battery storage which can store clean energy for later use. With prices falling and technology improving, battery storage is now a commercially viable option for businesses large or small that are interested in greener, cheaper energy. Our funding options are available right now, so speak to a member of our team to find out more.
Case study: Solar PV retrofit battery system
- £40,000 hire purchase (HP) agreement
- 12 quarterly payments of £3,710
- £100 set up fee, and £50 option to purchase fee
We were asked by a family-run manufacturing firm to source funding for a new battery storage system at their main factory. They had already installed a rooftop solar PV system seven years ago and wanted to retrofit battery storage now the technology was more affordable. A refinancing package allowed them to release the value tied up in their existing PV system to fund this new investment, so we helped them through the process from start to finish. Spreading the cost over 36 months was far more beneficial for cash flow, and a set up fee of £100 was payable up front.
More and more agricultural and manufacturing businesses are choosing to invest in biomass boilers to reduce their energy costs. Don’t let the upfront investment put you off; we can help you spread the cost over up to seven years so you can start enjoying the benefits straight away without draining your cash reserves (Use our quote calculator).
Case study: biomass boiler
- £50,000 project loan
- 60 monthly payments of £998
- £100 set up fee, payable with the first repayment
Our customer wanted to install a 200 kW biomass boiler on their farm to provide hot water for their chicken sheds and farm house. They planned to burn waste wood from the farm and receive Renewable Heat Incentive (RHI) credits. The equipment and installation cost a total of £70,000, which needed to be paid to the supplier in four instalments. Our customer wanted to borrow £50,000, repaid over 60 months, with the first repayment delayed by six months until after the boiler was installed. A project loan was the ideal solution as it could be paid to them upfront for them to use when paying their supplier as each stage of the project was completed.
Figures for illustrative purposes only and do not constitute a quotation. Applicable interest rates appropriate for the type of asset at the time of publication.