As the devastating effects of climate change are becoming more apparent, businesses from all industries are facing increasing pressure from consumers, employees and shareholders to take measures to reduce their carbon footprint.
While most business owners agree that renewable energy is something that they should be pursuing, many have avoided the shift to more sustainable practices with concerns about the steep costs of investing in greener solutions.
However, through renewable energy finance, it is now easier and more affordable to acquire the equipment you need to improve your sustainability practices, covering everything from solar panels to EV charging points.
In this article, we will explore how you can use asset finance to acquire renewable energy equipment, covering which sustainable options are available through finance, as well as the unique business benefits of investing in green equipment.
What are the business benefits of renewable energy equipment?
Switching to renewable energy methods does not just benefit the environment. There are many business advantages to investing in renewable energy equipment which makes the costs of renewable energy finance worth it.
Here are the 4 ways renewable energy equipment can benefit your business:
Future-proof your operations
Switching to green alternatives is not a trend that will pass in a few years. Eventually, renewable energy methods are likely to become the default choice of every business.
Investing in your renewable projects sooner, rather than later, will position your business ahead of the competition; it is a progressive choice that consumers are demanding in increasing numbers.
An investment in renewables now is an investment in your organisation’s longevity.
Gain energy independence
Most businesses have felt the effects of the current cost of living crisis, with rising energy prices resulting in many businesses being forced to close due to unmanageable costs.
Renewables and energy efficient heating systems provide you with greater control over your outgoings, and could even turn a profit in the long run.
Cut costs
Reducing your carbon footprint is not only beneficial to the environment, but it can also help to save your business money.
The government’s Climate Change Levy (CCL) for commercial and industrial businesses means that using fossil fuels for your operation comes at an extra cost. Producing your own renewable energy means that you avoid this charge, and may well also get to enjoy future benefits that we are yet to see.
Improves marketability
Most consumers are becoming increasingly climate conscious, demanding that the products they buy and the businesses that they choose to shop with are working towards net zero and reducing their emissions.
Investing in green technology provides you with the unique opportunity to bolster your brand through PR, taking your renewable message forward in all marketing comms.
You may even choose to invest in climate-friendly technology as a part of your USP, helping to convert prospective clients who may otherwise choose a greener competitor.
What are the business benefits of financing your renewable energy equipment?
Afford top-of-the-range renewable equipment
With best intentions aside, the fact of the matter is that renewable energy equipment is not cheap. While the benefits of investing are clear, the high initial cost can be daunting for any business.
Leasing your renewable energy equipment, enables you to make this switch and benefit from renewable energy whilst spreading the cost of your investment, significantly reducing the pressure on your business. You immediately get the benefit without the substantial hit to your cash reserves.
Spread the cost of green assets
Green assets can be expensive, there is no denying that.
For example, commercial solar panels can cost between £16k-£70k depending on the scale of your premises, or a ground source heat pump can cost between £13k-£45k to install.
Funding your renewable energy project through finance helps you spread the costs over a longer period, helping to maintain a healthy cash flow.
Acquire a wide range of green assets
Renewable energy finance can be used across a wide range of renewable projects, including:
- Solar panels
- Wind turbines
- Ground source heating
- Electric or hybrid vehicles charging
- LED lighting
- Recycling equipment
This is a list that continues to grow. If there is something that you are looking to finance, but you do not see it on this list, contact our team today.
How does renewable energy finance work?
The process of applying for renewable energy finance is as follows:
- Identify costings from your renewable project suppliers
- Get your no-obligation quote from Shire Leasing and a credit decision within four hours of application
- If accepted, documents can be transferred digitally ready to be signed
- Once all documents are completed and your equipment is delivered, we will pay the supplier in full
- Your agreement goes live and you pay a regular, affordable direct debit.
Simple and efficient – getting the renewable equipment you require should always be this way.
Finance renewable energy equipment with Shire Leasing
The time to invest in renewable energy equipment is now, as the sooner you invest, the sooner you’ll see the benefits.
At Shire Leasing, we provide versatile and flexible financing options for a range of renewable energy projects. Our clients return to us as a result of our exceptionally fast turnaround time (credit decisions within 4 hours), our strong acceptance rates and our exceptional account management process.
To discuss your upcoming renewable project, contact our team today.
