{"id":1004,"date":"2023-02-15T11:33:48","date_gmt":"2023-02-15T11:33:48","guid":{"rendered":"http:\/\/localhost\/skylampsolar.uk\/?p=1004"},"modified":"2024-02-05T10:05:09","modified_gmt":"2024-02-05T10:05:09","slug":"solar-panel-grants-for-business","status":"publish","type":"post","link":"https:\/\/www.skylampsolar.uk\/solar-panel-grants-for-business\/","title":{"rendered":"Solar Panel Grants For Business"},"content":{"rendered":"\n

These are challenging times for businesses, with rising energy supplier costs impacting buyer demand and operational costs. While many companies are keen to switch to more environmentally friendly procedures, the need to lower costs without compromising on the quality of service or output is the most critical thing for most businesses.<\/p>\n\n\n\n

At Skylamp Solar<\/a>, we have helped many businesses evaluate their energy requirements and find more viable solutions. We know there is a clamour for grants to implement greener energy solutions, and there is a wide range of leasing, funding, finance and loan options to consider.<\/p>\n\n\n\n

This article takes you through energy costs in 2023 and beyond, lists how to lower the cost of installing new energy points, and even makes money by selling unused energy. Read on to support your business with the best platform for success regarding energy bill savings.<\/p>\n\n\n\n

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What Are Solar Panel Grants For Businesses?<\/strong><\/h2>\n\n\n\n

Solar panel grants by local authorities and the Government help businesses pay for the installation of solar panels. These grants can lower the upfront cost of going solar and incentivise those interested in generating energy in a more responsible manner.<\/p>\n\n\n\n

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Cost Of Solar Panels For Business<\/strong><\/h2>\n\n\n\n

In determining the impact of grants or funding support for businesses investing in solar panels, it is necessary to decide on the cost of solar panels for businesses. Self-funding is the preferred option for organisations, but this might be out of reach for many entities.<\/p>\n\n\n\n

In the UK, it is common for small to medium-sized firms to face an outlay of between \u00a39,500 and \u00a351,000 for commercial solar panels.<\/p>\n\n\n\n

A system size of around 10 kW costs an average of \u00a314,000, a system size of 20 kW costs around \u00a325,000; and for a system size of 40 kW, the average cost is \u00a350,000.<\/p>\n\n\n\n

When you require a system size of 50 kW, the average cost rises to \u00a362,000, and the average price of a 60 kW system is \u00a375,000. This represents a significant sum, which makes funding or grants necessary for most businesses to afford solar panel prices.<\/p>\n\n\n\n

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An Overview Of The Different Types Of Solar Panel Funding Available To UK Businesses<\/strong><\/h2>\n\n\n\n

As of 2023, the UK Government doesn\u2019t provide solar power grants in the UK for commercial solar panels. The realisation there are no government grants in the UK or a viable government scheme is a bone of contention with small business owners.<\/p>\n\n\n\n

When you consider the kilowatt hour cost of electricity for many businesses, there is growing demand for more help, even if there is limited eligibility criteria in which businesses receive support.<\/p>\n\n\n\n

There is also increased focus on electricity supplier companies and energy suppliers at the moment, albeit there is greater demand for them to support low income households than businesses.<\/p>\n\n\n\n

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The Smart Export Guarantee SEG Scheme Is Worth Considering<\/strong><\/h3>\n\n\n\n

One option worth considering is the Smart Export Guarantee SEG scheme<\/a>, which allows businesses (as well as domestic users) to sell unused solar generated electricity back to the national grid for use by energy suppliers. To be eligible for this scheme, you must have a smart meter to measure the power you export to the national grid.<\/p>\n\n\n\n

The Energy Saving Trust offer a Solar Energy calculator on its website, which allows you to determine the payment you\u2019d likely receive through the Smart Export Guarantee scheme. This will help you determine if the initial investment on energy saving materials is worth your while.<\/p>\n\n\n\n

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There Are Tax Reliefs On Offer To Businesses<\/strong><\/h3>\n\n\n\n

The 50% First Year Allowance (FYA) is available until 31st March 2023. A business that invests in applicable plant and machinery assets, which includes solar panels, will only pay corporation tax on the operational profits less 50% of the panel investment value.<\/p>\n\n\n\n

While a business has to pay the full cost upfront, it is a way to reduce the overall expenditure, and the reduced level of energy bills provides a saving when matched with the tax saving.<\/p>\n\n\n\n

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PPA \u2013 Finance Option<\/strong><\/h3>\n\n\n\n

Regarding finance, there is also a Power Purchase Agreement<\/a>, or PPA, which is an effective way to lower the costs of solar panels. If a business or school satisfies the roof space and energy usage criteria, they might be entitled to a free solar PV installation, with the cost met by a PPA provider.<\/p>\n\n\n\n

The unused electrical energy generated by solar panels is sold back to the organisation at a rate notably lower than current energy prices. This system removes the up-front cost of solar panels while lowering the ongoing energy bill costs.<\/p>\n\n\n\n

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Leasing<\/strong><\/h3>\n\n\n\n

There are also leasing opportunities for UK businesses and organisations looking to generate their own clean energy. In this case, a provider purchases solar panel equipment; the business leases it at a fixed monthly price. However, this monthly payment is lower than the electricity cost, creating a monthly saving.S<\/p>\n\n\n\n

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What UK Businesses Are Eligible For Solar Panel Funding?<\/strong><\/h2>\n\n\n\n

Eligible businesses may include small and medium-sized enterprises (SMEs), third-sector organisations, housing associations, local authorities and private companies.<\/p>\n\n\n\n

The Department for Business, Energy and Industrial Strategy (BEIS) and the Department for the Environment, Food and Rural Affairs (DEFRA) offer guidance on funding for solar installations and energy saving materials. The Energy Saving Trust also provides funding for solar installations through interest-free loans, as well as offering guidance on dealing with energy companies.<\/p>\n\n\n\n

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Solar Panel Grants For Farms<\/strong><\/h3>\n\n\n\n

Farming is one of the most traditional industries in the UK, but agriculture is far from your typical business or business setting. However, this doesn\u2019t mean a farm cannot use solar grants like any other business.<\/p>\n\n\n\n

Farms use electricity, and barns and warehouses have plenty of suitable roof space to install solar panels. Depending on the layout of the land and the nature of farming for the business, there might even be an opportunity for farms to install solar power panels<\/a> at the ground or close to ground level.<\/p>\n\n\n\n

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Farming Equipment And Technology Fund (FETF)<\/strong><\/h3>\n\n\n\n

This grant is intended to assist farms with one, some or all of the following aspects:<\/p>\n\n\n\n