Energy procurement can generate funds to implement new technologies or upgrade existing equipment. This method of funding relies on brokering new energy contracts for the client over a fixed period of time. Red1 Group will assess the requirements on site to ascertain where energy can be reduced by the implementation of new equipment. Once the new equipment is installed the customer savings will begin. This method of funding usually means the client has zero costs for us to install the equipment and savings can be instant. It's possible to benefit from our schemes without switching - if you already have an energy broker we can work with them to find the best solutions for your business.
Financing energy efficient equipment can also be cost neutral in most cases. For example, a new energy efficient commercial boiler may cost £10,000 to install and have a monthly cost of £180 over 60 months. However, if the efficiency of the new boiler is enough to reduce the monthly gas bills by £180 then there's a neutral effect. Dependant on various outcomes the costs could also be slightly negative or even positive. With asset finance for energy efficient equipment the client will also have the added benefit of the governments ECA scheme (Enhanced Capital Allowance) where you can deduct the full cost from your profits before tax in year one. Please seek independent financial advice regarding the ECA scheme.
Throughout the UK there are pockets of regional funds available for energy efficient installs for commercial projects. Red1 Group keep up to date with availability of such funds and continually search the market for the availability of additional.
Many other options are available to fund clients project requirements. We can also provide competitive quotes for traditional paid for installations where the clients already have funds available.