Options for Funding Business Solar 

Self-financing allows businesses to purchase solar systems outright, maximising financial returns over the years. This method enables you to fully benefit from government tax allowances, including the Annual Investment Allowance, which lets you offset up to £100,000 of your investment in solar.

Several banks offer green loans specifically designed to finance renewable energy upgrades, such as solar installations. These loans, with competitive terms, help businesses reduce their environmental impact and energy costs over time, enabling them to invest in sustainability with manageable payments.

Hire Purchase and leasing options allow businesses to spread solar costs over a set term, preserving cash flow while benefiting from solar savings. This arrangement offers flexibility and can include tax benefits, making it a suitable option for companies looking to manage initial costs effectively.

With a Power Purchase Agreement, a third party installs and maintains solar panels at no upfront cost to your business. You then pay for the electricity generated at a lower rate than standard utility prices, benefiting from immediate savings and a reduced carbon footprint.

Tax incentives, such as the First Year Allowance, enable businesses to claim up to 50% of their solar investment costs in the first year. This allowance reduces the effective cost of solar installations, making renewable energy projects more attractive for companies seeking financial benefits.

Some councils and regional authorities offer grants or subsidies for businesses investing in solar energy. These programs vary by location and may include interest-free loans or grants, providing valuable financial support to encourage sustainable practices within local industries.