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Grants particular to photo voltaic panel use are few and much between.
Nevertheless, as a part of the Authorities’s pledge to achieve net-zero by 2050, virtually £5bn has been put apart to assist UK companies turn out to be greener.
There are grants and subsidies to assist companies make their present vitality utilization extra environment friendly, in addition to for warmth pump set up, the removing of greenhouse gases and far more.
Obtainable grants are always up to date, so maintain an eye fixed out for one which applies to your small business wants on the gov.uk web page, right here. It’s additionally value contacting your vitality provider to see what they’ll give you.
For those who’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 accessible throughout Nice Britain is the Sensible Export Assure (SEG).
>See additionally: The place to seek out inexperienced small enterprise grants
What’s the Sensible Export Assure?
The Sensible Export Assure allows companies to receives a commission to generate inexperienced vitality. If your small business makes use of photo voltaic photovoltaic (PV) panels, you possibly can generate money from Nationwide Grid suppliers for the vitality you produce and don’t use.
How does it work?
These suppliers (SEG licensees) pay you (the vitality generator) a price. Each giant licensee should supply a SEG tariff, and lots of smaller ones do, too. These charges differ and may be mounted or variable however will all the time be above zero. They in flip export this to the Nationwide Grid.
Because the generator, your small business should have a sensible meter fitted to calculate how a lot your vitality is value.
If your small business has the potential to turn out to be a generator, it’s value buying round to seek 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 are not any tariffs for Northern Eire – and generate not more than 5MW.
Do additionally bear in mind installers should be licensed beneath 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 value keeping track of what may be accessible from native councils in relation to photo voltaic panel grants as these can come and go.
One instance was the Sustainability Enterprise Grant, during which Lincolnshire companies might get grants for the becoming of photo voltaic panels up till February 2023.
>See additionally: How one can get a enterprise grant from the council
What are the benefits and drawbacks of photo voltaic panels?
Benefits
- Low vitality prices
- Capability to receives a commission for PV technology with SEG
- Much less reliance on the Nationwide Grid
- Reduces your small business’s carbon footprint which may be good PR
Disadvantages
- Dependence on climate
- The preliminary set ups prices may be comparatively excessive
- It’s good to area to deal with the panels
What are the alternate options to photo voltaic panels?
Companies that set up different inexperienced vitality applied sciences corresponding to warmth pumps and biomass boilers can make the most of the Clear Warmth Grant, which gives up £7,000 upfront to assist with set up prices.
For those who select to go down this route, like SEG, make sure the installer is MCS certified.
There may be additionally the Inexperienced Fuel Help Scheme, which helps with the prices of manufacturing biomethane – a greener various to fuel.
Profitable candidates obtain quarterly funds primarily based on the quantity of inexperienced vitality they supply to the Nationwide Grid (like SEG) over a interval of 15 years.
The scheme is open for purposes by companies in England, Scotland and Wales till November 2025. You may apply right here.
Different varieties of inexperienced vitality your small business can leverage embody offshore wind vitality and biofuels. The SEG grant additionally applies to wind generators and hydropower.
You could find extra basic inexperienced vitality 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 – If you’re seeking to begin your individual enterprise in Wales or already run one, you would be eligible for a variety of Welsh enterprise grants
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