Funding Packages

Greenio has access to project funding opportunities with an EFA Handbook-approved FSA partner, which can be accessed by customers in a number of scenarios. If you would like to enquire about full or partial funding, financing, or operating lease agreements for your renewable energy installation, call us on 0800 810 0565 to find out if you will qualify.

A free installation may be applicable – this is where the funder will outright purchase up to 100% of the equipment and installation (and occasionally operational costs), and place it on your property for you to use whilst retaining ownership. They will claim the government incentives or take repayments for a set period to cover their investment, before the installation is returned to you for you to receive the incentives for the remainder of the period. In this scenario the funder may also cover the maintenance of the boiler for a set period, whilst the user remains responsible for the fuel. The user receive the benefits of biomass with a reduced fuel bill and green credentials without the capital outlay, and eventually receive the incentives, but will be required to sign a contract for energy usage.

Finance is used where the customer is either unable to provide the capital expenditure up front, or would like to spread the cost of the installation over a number of years. In this case the customer has the option to take on the funding and maintain ownership of the installation for a period of time whereby the funding can be repaid. We would introduce the customer to our funder, thereby spreading their costs over a period of up to 10 years without an initial CapEx layout. The funding amount will be based on the value of the installation and the expenditure requirements, and will be organised so the customer does not have any risk beyond that of the installation itself.

Terms and conditions apply – your installation will need to meet the requirements of eligibility as provided by the funder. The APR rate will differ depending on your final credit score, a healthier credit score may obtain better rates.

Funding varies widely between projects, so please contact us for more information.

What Green Energy Incentives are Available?

Electricity

FIT Scheme – (Feed in Tariff)

Introduced – April 2010

What Renewable Technology qualifies for this scheme?

  • Solar Electricity (PV) (roof mounted or stand alone)
  • Wind Turbines (building mounted or free standing)
  • Hydroelectricity
  • Anaerobic Digesters
  • Micro Combined Heat and Power (CHP)

How does it work?

Your energy supplier makes the payments to you and to qualify for the FIT Scheme you must have MCS accreditation on both the installer and the products used (except hydro and anaerobic digestion which have to go through the ROO-FIT process) The tariffs you receive depend on the eligibility dateand, for solar PV, your property’s Energy Performance Certificate (EPC) rating.

How does FITs work?

The benefits of the FIT scheme

Not only do you get paid a “Generation Tariff”, whereby your energy supplied will pay a set rate for each KWh of electricity that you produce, you will also get paid an “Export Tariff”. This is a further 4.64p/kWh from your energy supplier for each kWh exported back to the grid (electricity that you don’t use). Finally you will have energy bills savings.

Heating

Renewable Heat Incentive

What Renewable Technology qualifies for this scheme?

  • Biomass
  • Heat Pumps
  • Solar Thermal

The Renewable Heat Incentive is a government fund that has been set up to incentivise users to install renewable technologies within their homes and businesses to make them more sustainable.

The scheme enables you to invest in the technology and then get RHI payments back over 7-20 years to cover the investment, you will also save up to half on your energy bills.

What technology do I apply for?

  • if you have recently removed a mains gas heating system or currently heat your home with mains gas = solar thermal
  • if you currently use oil, liquid gas, solid fuel or electricity = air-to-water heat pumps, ground-source or water-source heat pumps and biomass boilers.

Green Deal

Introduced – January 2013

The Green Deal is a funding option that lets you pay for your improvements via your savings on your energy bills. It applies to both domestic and non- domestic sectors.

The green deal has four stages; Assessment, Finance, Installation and Repayment.

The-Green-Deal-process_mainstory1

Assessment – A Green Deal assessor will come out to your property or business and carry out the assessment, subject to charge

Finance – Once given a Green Deal report from your assessor you take it to a Green Deal provider who will arrange and also fund your improvements. You will then take up a Green Deal Plan, agreed with you and your Green Deal provider.

Installation – A Green Deal installer will come out and carry out the necessary work agreed to meet the standards of the Green Deal.

Repayment – You then pay back the costs over time through your electricity bills. The amount you pay back will be no more than a typical household will save on heating bills, so you are likely to be better off overall from day one.