In the past, Carbon Trust Loans were a nightmare to access for many businesses. But not anymore. The Carbon Trust and Siemens Financial Services have combined forces to offer a scheme designed to provide flexible financing options to all types of organisations seeking to make their operations more efficient and lower their energy costs.
The new easier to access scheme is offering leases, loans and other financing options from £1,000 upwards with no maximum to all types of organisations. New, more efficient equipment should lower energy bills and with payments calculated so that they are offset by the anticipated energy savings, the financing option is designed to pay for itself.
To qualify for energy efficiency financing, businesses must have been trading in the UK for at least 36 months, financing is then offered subject to a normal credit assessment.
The Carbon Trust will conduct energy saving assessments to review the estimated CO2 and energy savings that will be achieved by the new equipment. They will also assess whether the monthly energy cost savings are likely to match or exceed energy efficiency financing payments.
The Carbon trust will consider many types of project, provided they meet the scheme's energy and carbon saving requirement. Examples of projects that could qualify include:
Energy Efficient Lighting
Variable Speed Drives
Power Factor Correction
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