SPEC Ltd are experienced in identifying where energy savings can be made and how to implement energy efficiency strategies within your business. What's more we can also help your business avoid incurring costs up front by advising on and detailing the energy information required to attract funding through leases, loans, finance and implementation support.
Energy Efficiency Financing could help your organisation save money, reduce energy waste and ultimately become greener. Carbon Trust Implementation Services and Siemens Financial Services have combined forces, and together are offering financing options to all types of organisations seeking to reduce their energy use. New, more efficient equipment should lower energy bills and with financing payments calculated so that they are offset by anticipated energy savings, the financing option is designed to pay for itself.
How it works
The scheme is available to all kinds of businesses and organisations. Financing from Siemens Financial Services can be arranged for amounts as little as £1,000 upwards and, assuming your proposed Energy Efficiency Financing project passes the energy saving assessment by Carbon Trust Implementation Services, there are potentially no upper limits.
Energy Efficiency Financing is available for a wide variety of projects (assuming they meet energy saving assessment criteria). Projects that may qualify include building technologies, such as pipe insulation and air conditioning, or industrial process technologies, including compressed air, refrigeration or specialist production equipment.
Energy Efficiency Financing may also be used to fund multiple projects, such as replacing heating and lighting, or any other project where energy savings offset financing costs.
Enhanced Capital Allowances
The government offer tax breaks for businesses that buy energy efficient equipment.
Enhanced Capital Allowances (ECAs) are a straightforward way for a business to improve its cash flow through accelerated tax relief. The ECA scheme for energy-saving technologies encourages businesses to invest in energysaving plant or machinery specified on the Energy Technology List (ETL).
The common rate of capital allowances is 18% a year on a reducing balance basis.
For more information please call: 01924 871 558.