Financing Voltage Optimisation – The Carbon Trust
By Oznur Thursday, October 14, 2010
With the CRC Energy Efficiency Scheme now in effect, energy management has been thrust in the spotlight as a way for organisations to reduce their emissions and comply with their targets. And although CRC specifically targets larger organisations, take-up of new technologies among smaller and medium-sized businesses has also increased.
For these smaller scale organisations, however, financing is a major issue when it comes to implementing energy saving measures, be it voltage optimisation, solar or hydro generation or renewable heat technologies.
The Carbon Trust (www.carbontrust.co.uk) is operating in coordination with the Energy Saving Trust to provide zero interest loans to help private organisations invest in energy saving projects. Loans range from £3,000 to £100,000, and criteria is based on the amount by which emissions are reduced rather than the type of technology being installed. For electricity, approximately 1,100 kWH per year must be saved for the technology to qualify. Carbon Trust can give £1,000 of loan for every 2.5te of CO2 saved per annum. With Carbon Trust loans, anticipated energy savings offset the loan repayments, so new equipment should pay for itself and you should continue to make savings year-on-year.
The loan application process is a relatively simple procedure.
Complete your application onlineCarbon Trust will check your company’s credit history – which should just take one day Subject to the credit check, you receive confirmation of your conditional offerCarbon Trust processes your application and identifies any missing dataOnce they have all the data, they appoint an energy saving assessor to verify the details in the applicationProvided your application meets all eligibility criteria, Carbon Trust will email you to confirm your Unconditional Loan Offer and attach a Loan Agreement for you to sign
Once you’ve completed the above stages, you’ll be able to access your loan and install your new equipment. Once you’ve signed the loan agreement your loan offer is valid for 3 months.
The loans are government-funded and secure. All small or medium-sized enterprises are eligible, and Claude Lyons can assist with a straight forward and fast loan applications if they include voltage optimisation, with no arrangement fees. Claude Lyons can also help you to track the progress of your application online, and if you require an extension to the three month offer we can help with the options.
