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.