Good News for School Finances
Capital expenditure on the installation of green energy solutions can be a big problem for schools. Not any more! With Energy Efficiency Financing now available for schools through The Carbon Trust and Siemens Financial Services, you can start to benefit from new, efficient heating, lighting and electricity without a large upfront financial cost. We are approved partners, and can talk you through the leasing options available for renewable energy installations in your school.
Many schools can now finance energy efficient developments and use subsidies for the lease payments, making the whole development cash positive. Read more about Energy Efficient Financing.
Government incentives and grants available to help your school save
There are many different ways to finance of new sustainable installation and the Government is keen to help. They want schools and academies to be more energy efficient and have set up many ways to help and incentivise your school to make the change.
There are interest-free loans available and grants from organisations such as the Carbon Trust. National energy providers, such as British Gas’ Solar for Schools campaign and EDF’s Green Fund are also committed to helping fund renewable energy projects in schools, colleges and nurseries.
The Government also run two schemes – The Renewable Heat Incentive and The Feed-in Tariff, which can reward your school for switching to sustainable energy.
The Renewable Heat Incentive (RHI) offers long-term financial support for renewable heat projects, including schools. It is a subsidy that will keep paying over a guaranteed period of 20 years. Its aim is to help you reduce greenhouse gas emissions and save money.
The Feed-in Tariff is a sister scheme to the RHI and can also garner an extra income through both generating electricity and exporting it back to the grid. It is also guaranteed and locked in for the next 20 years.