Photovoltaic panels provide educational buildings with renewable energy, financial savings and practical learning opportunities to support the curriculum as well as generating a potential income and reducing carbon footprint. There are three main schemes that can be accessed to fund solar projects.
Power Purchase Agreements (PPA’s)
Private funders offering a PPA solution enabling business and property owners to take advantage of a fully installed PV system for zero capital outlay. The business enters in to a long-term contract to purchase the electricity generated by the solar array from the private funder at a rate that is lower than their current purchase price and guaranteed for 20 years. As the array is owned and maintained by the funder there is no maintenance requirement for the building owner.
Community Funded PPA’s
As above where capital is raised to provide funds for the installation of the solar array through a community share offer. The building occupant benefits from reduced energy costs but the PV array is owned by the cooperative or community benefit society from whom the building owner purchases the electricity.
Salix Finance
Salix enables public sector organisations across England, Scotland, Wales and Northern Ireland to take a lead in tackling climate change by increasing their energy efficiency. Salix provides 100% interest-free capital for the public sector to reduce their energy costs by enabling the installation of modern, energy efficient technologies and replacing dated, inefficient technologies. Repayment can be made over a four to eight-year period.
Bauder provide full support from funding application through to system installation, whether you are looking to retrofit solar PV panels or incorporate renewable energy into your flat roof refurbishment project.
Book a meeting today to start planning your solar PV project. Call us now on 0845 271 8800.
