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Do you own a business and want to invest into renewable energy? You could be eligible for a business grant for renewable solar panels, which can help you reduce your carbon footprint whilst also saving on energy costs.
Solar energy is increasingly becoming a more popular choice due to it being more environmentally friendly and best yet, its affordability. There are two types of solar panels that you need to look out for: Photovoltaic solar panels (PV) and solar thermal.
Photovoltaic solar panels are the common go to. These panels convert the sun’s energy into electricity.
Solar thermal panels are less common but still important, they are used to heat up water.
Investing into renewable energy would be a smart business decision, financially and environmentally. Just by having solar panels installed onto your business site, you can significantly reduce your overheads by generating and storing free, clean energy. Furthermore, it can also lower your carbon footprint, energy demands and reduces your pollution take all at the same time. Meaning you could be saving up to 100% on your energy bills and saving the planet too.
Here are the steps you may need in order to access a business grant for renewable solar panels:
There are a variety of government schemes, offers, loans and grants available for businesses that are looking to invest into renewable energy. There are specific grants for certain industries and locations.
Some of the key options include the Renewable Energy Investment Fund, the Low Carbon Workspace Grant, and The Rural Development Programme. *You will need to check eligibility requirements.
Once you have found the grant that works for you and you are eligible for, you will be able to send in your application. A business plan, detailed project plan and any financial statements will be required throughout the application process. The approval for your grant application can vary anywhere between a few weeks up to a few months. After the work has been complete, the grant provider may ask for you to send in any photos, invoices and any other documentation to prove that you have had the work done to your business.
You will only receive your funding once the grant provider has reviewed and approved all of the documentation that you have provided throughout. The amount can vary.
Your local council may provide energy efficiency funding or sustainable business growth plans, so it may be worth reaching out to see if there are any available options. If so, you will be required to submit a business case with your application.
If you invest into renewable energy today, you can reduce your carbon footprint and can start to save on energy costs. Start to fulfil the benefits of renewable energy today!