Securing finance from high street banks for PV solar panels can be difficult as many well-known lenders often don’t fully understand the technology, government incentives or the financial savings available. Arkle’s experience in financing renewable technologies goes back to 2009 when Arkle was a pioneer in this field. We understand the benefits renewable energy can bring to you and society as a whole. So much so that in 2012 we invested in our own roof-top solar PV solar panel system at our offices in Wellingborough, Northamptonshire.
A PV solar panel system is a device that turns sunlight into electricity. This technology has proven to be reliable requiring little on-going servicing or maintenance compared to other forms of renewable energy equipment. This technology continues to improve year by year increasing the amount of energy produced from daylight. With the arrival of micro inverters, you have the ability to monitor the performance of your PV system on a minute by minute basis via Wi-Fi. As government incentives have declined prices for PV solar panel systems have fallen and even though PV solar technology is no longer front page news, double digit financial returns are still available.
Our funding options are designed to provide you with a finance facility entirely separate to that of your bank. This leaves valuable bank facilities free to cover working capital requirements such as stock, creditors and day to day bills. The finance repayments can be monthly or quarterly over three to seven years. Importantly you will benefit from the FiT income and power savings from the outset.
The finance options we recommend will consider: your needs, FIT income, Power Purchase Agreement income or saving in fuel costs and will be cost effective.
Next Steps
To get started simply call us or submit a contact form and we can discuss the funding options available.
Useful web links:
Ofgem
https://www.ofgem.gov.uk/environmental-programmes/feed-tariff-fit-scheme
Feed in Tariffs and FAQs
https://www.ofgem.gov.uk/ofgem-publications/95078/fitschemefactsheetfinal-pdf
Refinance Options
If you already own equipment, Arkle Finance can help you with any refinancing you may need. Refinance is a finance facility offering a quick way for you to access the value of your asset and spend the money where you really need it. For example, you may need to carry out some refurbishment or maintenance work on your equipment or transportation. Refinancing this equipment allows you to unlock the finances you need to carry out this work. If you would like to release equity in an asset nearing the end of its finance agreement, contact us to find out more about the refinancing options we offer.
