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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 web zero by 2050, nearly £5bn has been put apart to assist UK companies develop into 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.
Accessible grants are always up to date, so hold a watch out for one which applies to your small business wants on the gov.uk web page here. It’s additionally price contacting your vitality provider to see what they will give you.
If you happen to’re in Scotland, you may utilise the Energy Saving Trust to see if there's monetary assist for set up, however one present scheme accessible throughout Nice Britain is the Smart Export Guarantee (SEG).
>See additionally: Where to find green small business grants
What's the Good Export Assure?
The Good Export Assure permits companies to receives a commission to generate inexperienced vitality. If your small business makes use of photo voltaic photovoltaic (PV) panels, you may 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 fee. Each giant licensee should supply a SEG tariff, and lots of smaller ones do, too. These charges range and will 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 will need to have a wise meter fitted to calculate how a lot your vitality is price.
If your small business has the potential to develop into a generator, it's price buying round to seek out essentially the most beneficial deal from licensees. Yow will discover this 12 months’s record of licensees here.
As a aspect observe, all installations have to be in Nice Britain – there are not any tariffs for Northern Eire – and generate not more than 5MW.
Do additionally be mindful installers have to be licensed below the Microgeneration Certification Scheme (MCS) and licensees might request to see this earlier than providing you any money.
Regional photo voltaic panel grants
It’s additionally price keeping track of what will be accessible from native councils with regards 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 to get a business 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 era with SEG
- Much less reliance on the Nationwide Grid
- Reduces your small business’s carbon footprint which will be good PR
Disadvantages
- Dependence on climate
- The preliminary setup prices will be comparatively excessive
- It's good to area to accommodate the panels
What are the alternate options to photo voltaic panels?
Companies that set up different inexperienced vitality applied sciences reminiscent of warmth pumps and biomass boilers can reap the benefits of the Clear Warmth Grant, which offers as much as £7,000 upfront to assist with set up prices.
If you happen to select to go down this route, like SEG, make sure the installer is MCS-qualified.
There's additionally the Inexperienced Gasoline Assist Scheme, which helps with the prices of manufacturing biomethane – a greener various to fuel.
Profitable candidates obtain quarterly funds based mostly 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 functions by companies in England, Scotland and Wales till November 2025. You may apply here.
Different varieties of inexperienced vitality your small business can leverage embrace offshore wind vitality and biofuels. The SEG grant additionally applies to wind generators and hydropower.
Yow will discover extra normal inexperienced vitality schemes and grants for companies through the Ofgem website.
Extra on grants
Business grants for women – Feminine entrepreneurs face distinctive challenges in accessing funding, which is why we’ve listed these enterprise grants for girls
Business grants in Wales – In case you are seeking to begin your personal enterprise in Wales or already run one, you might be eligible for a spread of Welsh enterprise grants
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