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Grants particular to photo voltaic panel use are few and much between.
Nonetheless, as a part of the Authorities’s pledge to achieve net-zero by 2050, virtually £5bn has been put apart to assist UK companies develop into greener.
There are grants and subsidies to assist companies make their present power utilization extra environment friendly, in addition to for warmth pump set up, the removing of greenhouse gases and far more.
Out there grants are continuously up to date, so hold an eye fixed out for one which applies to your small business wants on the gov.uk web page, right here. It’s additionally price contacting your power provider to see what they will give you.
Should you’re in Scotland, you possibly can utilise the Vitality Saving Belief to see if there may be monetary assist for set up, however one present scheme out there throughout Nice Britain is the Good Export Assure (SEG).
>See additionally: The place to search out inexperienced small enterprise grants
What’s the Good Export Assure?
The Good Export Assure allows companies to receives a commission to generate inexperienced power. If your small business makes use of photo voltaic photovoltaic (PV) panels, you possibly can generate money from Nationwide Grid suppliers for the power you produce and don’t use.
How does it work?
These suppliers (SEG licensees) pay you (the power generator) a fee. Each giant licensee should provide a SEG tariff, and plenty of smaller ones do, too. These charges differ and might be fastened or variable however will at all times be above zero. They in flip export this to the Nationwide Grid.
Because the generator, your small business should have a wise meter fitted to calculate how a lot your power is price.
If your small business has the potential to develop into a generator, it’s price procuring round to search out probably the most beneficial deal from licensees. You could find this 12 months’s listing of licensees right here.
As a facet be aware, all installations should be in Nice Britain – there aren’t any tariffs for Northern Eire – and generate not more than 5MW.
Do additionally take into accout installers should be licensed underneath the Microgeneration Certification Scheme (MCS) and licensees could request to see this earlier than providing you any money.
Regional photo voltaic panel grants
It’s additionally price maintaining a tally of what might be out there from native councils in terms of photo voltaic panel grants as these can come and go.
One instance was the Sustainability Enterprise Grant, wherein Lincolnshire companies may get grants for the becoming of photo voltaic panels up till February 2023.
>See additionally: Tips on how to get a enterprise grant from the council
What are the benefits and downsides of photo voltaic panels?
Benefits
- Low power prices
- Skill to receives a commission for PV era with SEG
- Much less reliance on the Nationwide Grid
- Reduces your small business’s carbon footprint which might be good PR
Disadvantages
- Dependence on climate
- The preliminary set ups prices might be comparatively excessive
- You want to house to accommodate the panels
What are the alternate options to photo voltaic panels?
Companies that set up different inexperienced power applied sciences comparable to warmth pumps and biomass boilers can reap the benefits of the Clear Warmth Grant, which offers up £7,000 upfront to assist with set up prices.
Should you select to go down this route, like SEG, make sure the installer is MCS certified.
There’s additionally the Inexperienced Fuel Help Scheme, which helps with the prices of manufacturing biomethane – a greener various to gasoline.
Profitable candidates obtain quarterly funds primarily based on the quantity of inexperienced power they supply to the Nationwide Grid (like SEG) over a interval of 15 years.
The scheme is open for functions by companies in England, Scotland and Wales till November 2025. You may apply right here.
Different kinds of inexperienced power your small business can leverage embody offshore wind power and biofuels. The SEG grant additionally applies to wind generators and hydropower.
You could find extra common inexperienced power schemes and grants for companies through the Ofgem web site.
Extra on grants
Enterprise grants for ladies – Feminine entrepreneurs face distinctive challenges in accessing funding, which is why we’ve listed these enterprise grants for ladies
Enterprise grants in Wales – In case you are trying to begin your individual enterprise in Wales or already run one, you may be eligible for a variety of Welsh enterprise grants
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