Annual Investment Allowance (AIA)
The Annual Investment Allowance (AIA) allows for 100% tax relief on machinery and plant to install solar on new buildings. Please check with a tax specialist to see if your project is eligible.
Regional Growth Hub Funding
Regional Business Boards/Growth Hubs, previously known as Local Enterprise Partnerships (LEPs), frequently offer match funding or grants to support solar and energy efficiency measures. This varies significantly from region to region, so please check via your regional Growth Hub website and speak with our team, who can advise you on the application process.
Agricultural Grants
Some farming and agricultural businesses can apply for grants to fund energy efficiency installations. There is a Farm Productivity Grant (subject to funding rounds) that provides up to 100% of the cost for solar systems.
Power Purchase Agreement (PPA)
Many businesses opt for a Power Purchase Agreement (PPA) or green asset finance, which allows them to install solar with zero upfront cost. The PPA asset funder will retain ownership, but your installer will include a warranty for 2-5 years. Power is purchased at an agreed-upon rate, which is below the normal charge for energy. These types of schemes typically last for 20-25 years.
Asset Finance
Asset finance is simpler – once paid, the ownership of the system reverts to the building owner. Typically, these run over five years and are funded from savings.
Get in touch to discuss your options with a member of our team.
