Energy Efficiency Loans from the Carbon Trust
Although the prospect of reduced energy bills is enticing, it can be difficult to raise the necessary investment funds to purchase and install new equipment. Through the Carbon Trust Energy Efficiency Loans scheme, small businesses throughout the United Kingdom can apply for interest-free loans to assist with purchase and installation of energy saving equipment.
As an active supplier within this loans scheme, we can help you to check what loan might be available from the Carbon Trust, to support an upgrade to your lighting.
An Energy Efficiency Loan can be offered to qualifying projects, on the basis of the projected energy savings. You would need to be a small- or medium-sized business although larger organisations may be eligible in Wales and Northern Ireland.
The loan would be repaid from the savings in your electricity bills, over a period of 1, 2, 3 or 4 years, as appropriate. You benefit from any additional savings above those required to pay off the loan. Once the loan has been paid back, you continue to enjoy the full improvements to your cash-flow. The Energy Efficiency Loans are unsecured loans – and there’s no arrangement fee either.
You should check whether you could qualify for a loan before placing a firm order. If this all sounds promising, we can review with you in more detail. We’ll even do most of the leg-work and are approved to make the initial loan application on your behalf. Don’t worry – there’s no obligation until you decide to sign any loan agreement from the Carbon Trust.
Contact us now – and take a look at our section on how we can help you with Carbon Trust Energy Efficiency Loans.
If your project proves eligible for a loan, this brings the added reassurance that each application is reviewed by an independent consultant. A loan offer from the Carbon Trust comes complete with their project approval.
For public sector organisations, funding may be available to include lighting upgrades in project initiatives supported by Salix Finance.
Salix Finance started a pilot scheme in 2004. Now, more than 60 local authorities participate in the Salix Finance programme to support energy-saving measures. Further rounds of applications are opened for registration. The Schools Energy Efficiency Improvement Programme is also available.
Higher Education establishments
There are ten or so universities in England taking part, with HEFCE contribution of £20m joining £10m from Salix Finance, in a Revolving Green Fund. The Scottish Executive has provided matched funding for universities.
NHS Foundation Trusts
Salix Finance has moved from pilot to full programme for NHS Foundation Trusts.
Expressions or interest are invited from Central Government Departments.