The scheme has been designed to overcome budget restrictions and spread the costs of the full installation of renewable energy systems, covering ground and air source heat pumps and solar thermal hot water systems.
Clare Campbell, product marketing manager for Dimplex Renewables, says: “Many organisations will have lost access to avenues of potential funding following the new government’s scrapping of initiatives such as the Low Carbon Building Programme and Building Schools for the Future. However, the Renewable Energy Finance scheme ensures that planned renewables projects can still go ahead, by providing capital funding to cover the up-front costs of purchase and installation.
“Local authorities, schools and housing associations do not need to lose out, as the initial capital investment of an installation can be spread up to a maximum of 15 years. Essentially this allows projects aimed at tackling issues such as Decent Homes and fuel poverty to continue as planned.”
The scheme is an ideal solution for any organisation looking to implement renewable energy technologies but unable to secure some or all of the initial capital outlay. It allows the investment costs to be re-paid over a period of years and the savings in energy costs provided from the heat pump – once installed – can also be used to part fund the scheme.
Dimplex can provide match funding if any grant funding has been secured, or provide 100 percent project funding where grants aren’t available. It covers the complete project costs so there is no up-front capital outlay and there are flexible payment schedules and accounting structures to meet individual client needs.
The whole heat pump or solar thermal system can be funded, including consultancy, installation and commissioning as well as groundworks, all renewable equipment and the heat distribution system.
Bespoke agreements to suit individual clients’ requirements will be considered by the Dimplex renewable energy scheme. The scheme can also offer deferred payment options to ease current budget constraints.
For further information on the scheme, call Dimplex on 01489 773336 or email firstname.lastname@example.org/renewables.