Is it possible to get free solar panels for businesses? A lot has changed since solar first started gaining popularity, with prices falling around 50% in the last decade and many of the initial subsidies like the Feed-in Tariff closed to new applicants. But there are still opportunities for companies to benefit from financed solar systems, the most promising of which are Solar PPAs.
We hear more and more about Blockchain technology. The technology creates a transparent public ledger that records series of transactions, facilitating a fast, low-cost, trusted transfer of value without the involvement of traditional intermediaries.
Already used in the financial sector, it’s only a matter of time before Blockchain hits the energy sector in a major way, particularly with the explosion of micro-generation of electricity, the ending of solar subsidies, and the advent of smart meters.
With Octopus Energy claiming to have paid customers to use excess electricity at night on four occasions in the last 12 months, real time peer-to-peer trading of electricity is surely just around the corner. Other potential applications include authentication of renewable generation and trading of emissions permits.
On 9th July, the government launched its “Road to Zero Strategy” to lead the world in zero emission vehicle technology.
Not to be confused with any other ‘Road to Zero’ or ‘Round in Circle’ government strategies, this one is all about ensuring at least 50% of cars are ultra-low emission by 2030, and ensuring that the infrastructure is in place to support this.
If you’re in charge of a ‘workplace’, the good news is that on the back of Road to Zero, the Workplace Charging Scheme will now contribute 75% of purchase and installation costs (up to a maximum of £500) towards the cost of each charging socket installed.
The grant is available for to 20 chargepoints per applicant, across all sites.
In other words, up to £10,000 per business.
The Green Business Fund, administered by the Carbon Trust, provides a non-refundable capital contribution to cover 15% of project costs, up to £5,000 towards the cost of energy efficiency measures such as LED lighting upgrades and solar PV.
But .... the fund is finite and latest forecasts suggest that it will run out in Autumn 2018. If you are considering implementing a lighting upgrade project, or installing solar PV, and want to benefit from the £5,000 giveaway.. it really is now or never.....
Following on from our previous blog detailing Carbon Trust's Green Business Fund, we have recently become aware of other (EU-funded) free handouts for SME's looking to enhance their green credentials AND reduce their bills!
According to Solar Power Portal, the latest EEVS Insight report has found that demand for solar PV among corporates remains above average, despite Brexit uncertainty impacting the wider energy efficiency sector.
This comes as no surprise to us, because we frequently see companies able to achieve a 12-20% IRR (internal rate of return) from solar PV, over the 25 year expected life of the system.
And solar PV provides a very visual statement of an organisation's green credentials. It is a technology well liked by the public and thus appealing to employees, shareholders, customers and suppliers.
Furthermore, if your organisation fits the criteria for a Solar PPA (Solar Power Purchase Agreement), you can benefit from having solar on site without paying for the system yourself.
What is a Solar PPA?
Read on to find out more, or download our brand new (and free) Guide to Solar PPAs:
Guide to Solar PPAs
(Power Purchase Agreements)
Is your business is a high electricity user? If so you could benefit from funded battery storage, enabling you to reduce your electricity bill by avoiding peak time electricity surcharges (TRIAD charges and Red Band DUOS charges).
Spirit’s warehouse adjoins the warehouse of Primrose, the online gardening retailer. Our unit is full of solar panels, inverters, batteries, LED lights and exciting things like that. Their unit is full of garden furniture, water features, awnings, wind spinners and all of the exciting things available at www.primrose.co.uk.
Earlier this year we were called in to upgrade the metal halide lights to LED.
Did you know that the Green Business Fund will provide a non-refundable capital contribution of 15% of project costs, up to £5,000 towards the cost of energy efficiency measures such as LED lighting upgrades and solar PV?