Rising energy bills aren’t just a concern for households – businesses are also feeling the pinch. The good news is there are various grants and funding options in the UK to help your business ‘go green’ without breaking the bank. But how exactly do you tap into this financial support?
Our renewable energy experts explore possible funding solutions for small and medium-sized businesses across Surrey and beyond. We’ll walk you through everything you need to know so you can find suitable funding options for your business.
Can businesses get a grant for solar panels?
While they aren’t all solar panel specific, UK businesses can access various funding schemes and grants to adapt to renewable energy. These grants can be used to install solar panels and other renewable energy solutions, helping to reduce energy costs, lower carbon emissions, and promote a cleaner, greener business.
What types of solar grants are available?
Solar funding varies from business to business. There are a handful of opportunities available, from small business energy grants to wider funding schemes. They are designed to help businesses of different sizes and industries gain support for their sustainable initiatives.
Business solar panel grants don’t always run year-round, so it’s crucial to keep an eye out for updates and new initiatives. Get in touch for expert advice on the latest government funding opportunities and grants.
Business decarbonisation loan
Make the most of the business decarbonisation loan, which helps local businesses in Surrey reduce their carbon emissions. You can access up to £15,000 and cover up to 50% of your decarbonisation project. The loan is repayable over 3 years with a fixed interest rate of 8%.
Industrial Energy Transformation Fund (IETF)
The UK government set up the Industrial Energy Transformation Fund (IETF) to help high-energy-consuming businesses become more sustainable by supporting their investments in low-carbon technologies and renewable energy solutions. Businesses can join the IETF during specific window periods.
Smart Export Guarantee Scheme (SEG)
While not a grant, the Smart Export Guarantee Scheme is a great way for businesses with commercial solar panels to sell renewable energy back to the National Grid. Not only can you reap the benefits of clean energy and lower bills, but you can also make some extra cash.
What are the benefits of getting solar panel grants?
Solar panel grants allow businesses to install green energy solutions without needing all the funds upfront. They can cover some or all of the initial investment costs, giving businesses flexibility to repay the funding.
Once installed and set up, solar products can help you increase energy efficiency, reduce energy bills, save money with the SEG scheme, and improve your sustainable business credentials.
Want to learn more? Find out how commercial solar panels can benefit your business.
How do you qualify for solar panel funding?
Eligible businesses usually need to meet certain criteria relating to their industry, size, profit, location, and current energy usage. However, each grant scheme has its own eligibility criteria and rules, so it’s always best to check directly with the government website or grant provider.
How to find a solar grant for your business
Here’s how you can easily find funding for your solar investment.
Research available funding
Start by searching for local initiatives near you, using a simple Google search like “solar panel grants for my business” or “solar funding near me.” You can also use government websites, local councils, and websites like Ofgem to help.
Evaluate business eligibility requirements
Does your business meet the eligibility criteria? If so, great! It’s time to start gathering documents and evidence to support your application.
If you don’t meet the eligibility criteria, focus on this for future funding applications. It might just be a case of increasing your energy efficiency or sustainability efforts, or you might need to seek a new funding opportunity altogether.
Applying for a solar grant
Once you’ve found the right solar grant for your business, it’s time to apply. Wondering where to start? Most business grants will have a step-by-step guide, but here are some tips to get you started.
Provide supporting documentation
To be accepted for government grants or external funding, you must meet the eligibility criteria, and a strong application will help. This means providing supporting documentation that highlights how commercial solar panels will reduce your energy bills, improve your energy efficiency, and lower your carbon footprint.
Submit your application
Submit your application early on to avoid missing key deadlines and limited funding opportunities. Some grants are on a first-come, first-served basis.
Follow up
Once submitted, follow up with the grant provider to keep an eye on the progress of your application. If you run into any challenges, reach out to a renewable energy expert (like us!) for advice.
Improve your energy efficiency with Going Green Renewables
Getting financial support is just the beginning. To make the most of your investment, you need a reliable expert to fit the solar panels for your business. That’s where we come in.
At Going Green Renewables, we specialise in solar panels for businesses across Surrey, Hampshire, and Berkshire. We’ll make sure your solar set-up suits your business premises and your energy needs. From start to finish, we’re here to help you make the most of the sun’s powerful rays – and those handy business grants!
Take smarter energy efficiency measures today and reduce your energy bills with Going Green Renewables. Call our friendly team on 01252 560 587 or contact us online for a free quote.