Grants particular to photo voltaic panel use are few and much between.

Nevertheless, as a part of the Authorities’s pledge to succeed in net-zero by 2050, virtually £5bn has been put apart to assist UK companies grow to be greener.

There are grants and subsidies to assist companies make their present power utilization extra environment friendly, in addition to for warmth pump set up, the removing of greenhouse gases and far more.

Obtainable grants are consistently up to date, so hold a watch out for one which applies to what you are promoting wants on the gov.uk web page, right here. It’s additionally value contacting your power 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 search out inexperienced small enterprise grants

What’s the Sensible Export Assure?

The Sensible Export Assure allows companies to receives a commission to generate inexperienced power. If what you are promoting makes use of photo voltaic photovoltaic (PV) panels, you possibly can generate money from Nationwide Grid suppliers for the power you produce and don’t use.

How does it work?

These suppliers (SEG licensees) pay you (the power generator) a price. Each massive licensee should supply a SEG tariff, and lots of smaller ones do, too. These charges differ and will be fastened or variable however will at all times be above zero. They in flip export this to the Nationwide Grid.

Because the generator, what you are promoting should have a sensible meter fitted to calculate how a lot your power is value.

If what you are promoting has the potential to grow to be a generator, it’s value procuring round to search out essentially the most beneficial deal from licensees. You will discover this yr’s checklist of licensees right here.

As a aspect 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 remember installers should 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 value keeping track of what will be accessible from native councils in terms of photo voltaic panel grants as these can come and go.

One instance was the Sustainability Enterprise Grant, by which Lincolnshire companies might get grants for the becoming of photo voltaic panels up till February 2023.

>See additionally: Learn how to get a enterprise grant from the council

What are the benefits and downsides of photo voltaic panels?

Benefits

• Low power prices
• Capability to receives a commission for PV technology with SEG 
• Much less reliance on the Nationwide Grid
• Reduces what you are promoting’s carbon footprint which will be good PR

Disadvantages

• Dependence on climate
• The preliminary set ups prices will be comparatively excessive
• It is advisable house to accommodate the panels

What are the options to photo voltaic panels?

Companies that set up different inexperienced power applied sciences resembling warmth pumps and biomass boilers can make the most of the Clear Warmth Grant, which offers 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’s additionally the Inexperienced Fuel Help Scheme, which helps with the prices of manufacturing biomethane – a greener different to fuel.

Profitable candidates obtain quarterly funds primarily based on the quantity of inexperienced power 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 kinds of inexperienced power what you are promoting can leverage embrace offshore wind power and biofuels. The SEG grant additionally applies to wind generators and hydropower.

You will discover extra basic inexperienced power schemes and grants for companies through the Ofgem web site.

Extra on grants

Enterprise grants for girls – Feminine entrepreneurs face distinctive challenges in accessing funding, which is why we’ve listed these enterprise grants for girls

Enterprise grants in Wales – In case you are seeking to begin your individual enterprise in Wales or already run one, you might be eligible for a variety of Welsh enterprise grants