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Asset Finance (Renewables) – Kent

Solar Power funding requirement £35k

The situation

We were approached by an energy firm who had issued a quotation to a Hotel to install Solar Panels on their large roof. The hotel was aware of the cost saving benefit and ability to reduce it electricity bill, coupled with the fact that it would advantage UK Government’s Feed-in Tariffs scheme (FITs), which could mean that they get money from their energy supplier. The main issue was that the business could not afford to pay for the solar panels as a lump sum.

The solution

We conducted a Ltd company search on the owner of the hotel, ensured that all data was accurate and correct and provided the quotation and relevant company data to a specialist lender. Indicative Terms were issued within 72 hours of enquiry for a 100% funding proposal. The payments were 100% tax deductible and were over a flexible term of 36,48 or 60 months, giving the client enough scope to decide which best fit their cash-flow.