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Renewable Energy
Agriculture
If your business is affected by rising energy prices, switching to a renewable source such as wind or solar power could be the answer. In fact, as well as reducing your business's own energy bills, thanks to the Government's Feed-in-Tariff, the right renewable project could become a source of revenue in its own right.
If you're unsure where to start, or need help financing your new renewable project, our team of independently-accredited renewable energy and agricultural specialists can provide you with the knowledge, support and funding you need to help make your project a success.
Why a renewable energy project could work for you
A renewable energy project could:
- Reduce your agricultural business’s energy bills (e.g. heating, lighting, machinery)
- Allow you to fix energy costs over medium to long term
- Create a potentially significant new source of revenue
- Provide an excellent return on your investment over the long term
- Reduce your carbon footprint and promote your environmental credentials
Accredited support
We have an accredited team of renewable and agricultural specialists to give you the benefit of their knowledge and support plus the funding you need to make your renewable energy project a success.
We offer:
- Guidance – our team can provide general support on key issues such as type of renewable energy, sizing, equipment costs and revenue.
- Local presence – our local presence throughout the UK means we can meet you face-to-face and assess your potential on an individual basis.
- Access to expertise – when necessary, we can put you in touch with relevant experts, including technical energy consultants, planning consultants, engineers and installers.
- Ongoing support – once your renewable project is up and running, we will provide ongoing support to ensure you’re getting the most out of it.
Making it possible – our tailored credit policy
We offer a tailored credit policy to meet the specific needs of renewable energy investors. It offers the following benefits:
- Borrow up to 100% of the total investment value.
- Funding can be secured against alternative assets (agricultural land).
- Typical repayment term: 8 years (with 10-year terms available for some projects).
Security may be required. Product fees may apply. Over 18s only.
ANY PROPERTY USED AS SECURITY, WHICH MAY INCLUDE YOUR HOME, MAY BE REPOSSESSED IF YOU DO NOT KEEP UP WITH REPAYMENTS ON A MORTGAGE OR OTHER DEBT SECURED ON IT.
The Feed-in-Tariff (FiT) actually consists of two tariffs: Generation and Export. The Generation tariff pays you for every unit of energy you generate. You can then use this energy yourself or sell it back to the grid. You'll receive an additional Export tariff for any surplus energy you sell. FiT calculations are important when assessing your project – our team will be able to help you with these calculations.
| Energy Source | Scale | Generation Tariff (p/kWh)[A] | Duration (Years) |
|---|---|---|---|
| Solar PV | =4 kW new | 37.8 | 25 |
| Solar PV | =4 kW retrofit | 43.3 | 25 |
| Solar PV | >4-10kW | 37.8 | 25 |
| Solar PV | >10-100kW [*] | 32.9[*] | 25 |
| Solar PV | >100kW-5MW | 30.7[*] | 25 |
| Solar PV | Standalone | 30.7[*] | 25 |
| Wind | =1.5kW | 36.2 | 20 |
| Wind | >1.5-15kW | 28.0 | 20 |
| Wind | >15-100kW | 25.3 | 20 |
| Wind | >100-500kW | 19.7 | 20 |
| Wind | >500-1.5MW | 9.9 | 20 |
| Wind | >1.5MW-5MW | 4.7 | 20 |
Notes:
- "Retrofit" means installed on a building which is already occupied
- "New" means where installed on a new building before first occupation
- "Stand-alone" means not attached to a building and not wired to provide electricity to an occupied building
- [*] Tariff set to change: August 2011
(source: The Department of Energy and Climate Change (DECC), 2011)
Security may be required. Product fees may apply. Over 18s only.
