Renewable energy generation is capital intensive, and solar power is no different.
Fortunately, as the UK starts to transition towards Net Zero, there are several different ways of funding a solar power project for your business.
The article will look at one of the most popular methods – asset finance.
Asset finance allows a business to borrow the money for a solar panel installation with the funds secured against the asset that is being purchased – in this example, the solar panels and associated equipment.
Asset finance is attractive to many businesses as it allows them to leave their traditional security – such as property or land – unencumbered. It also lets businesses keep cash that they might have spent on a solar array in the bank for use on the core operation of the business.
BeBa Energy UK Ltd do not provide tax, legal or accounting advice. This material has been prepared for informational purposes only, and is not intended to provide, and should not be relied on for, tax, legal or accounting advice. You should consult your own tax, legal and accounting advisors before engaging in any transaction.