While we’re all committed to furthering solar’s growth,it’s worth remembering that many UK-based businesses can also capitalise on the technology through financing options. Ryan Davis looks at the best financing schemes available for businesses considering purchasing microgen technologies, arguing that they can prove to be an excellent investment opportunity.
Issues surrounding the environment and energy prices are still hot topics for debate – both for consumers and businesses. With increasing levels of fuel poverty in the UK, consumers continue to face difficulties keeping their homes adequately heated.
The issue has been given precedence by the Government and energy suppliers, as they are expected to spend £1.3 billion a year on energy efficiency measures between January 2013 and March 2015, via the Energy Company Obligation (ECO). Consumers continue to benefit from the scheme, as thousands have been lifted out of fuel poverty through the efforts of energy suppliers working with social welfare organisations.
As consumers look towards overcoming fuel poverty, businesses are being placed under increasing amounts of pressure to develop greener business operations in order to counter the effects of climate change. However, with so many technologies to consider, and potentially large investment needed, deciding whether to invest in microgeneration (microgen) technologies can be a difficult task for business owners.
The Energy Savings Opportunity Scheme (ESOS) was introduced in 2014 with the aim to cut carbon emissions by requiring large businesses to identify energy reduction measures.
The scheme requires that all qualifying businesses undertake comprehensive assessments of energy use at least once every four years, and has set a deadline for the first compliance period for 5 December 2015.
