For businesses and renewable commercial applications

MELFinance Solutions

Spread the cost of their new systems with Mitsubishi Electric’s MELFinance Solutions

MELFinance is a way for a corporate commercial customer to fund the costs of new equipment and its installation via ‘hire purchase or lease rental finance’. Put simply, this means that (subject to financial status) an end-user customer can repay the combination of ‘fixed asset’ and ‘soft costs’ over an agreed period of between 1 to 6 years.

Energy efficient project finance from Mitsubishi Electric is a flexible alternative, for qualifying companies, to a traditional bank loan. The loan can provide significant cash flow and tax benefits, while benefiting from the installation of leading technology to reduce carbon and operational costs.

A heating, cooling and/or ventilation project finance package offers a host of advantages integrating on-site installation and commissioning fees.

To see how easy it is to create a finance proposal visit: www.melfinancesolutions.co.uk

Fully Funded Solar Panels for Business

Reduce your electricity bills, no capital required

Now you can have long-term cheaper electricity costs by utilising the benefits of solar energy with no capital investment.

AES are official partners of REI (Renewable Energy Investments), who will fully fund your Solar Panel installation, including all insurance and maintenance, giving you low cost electricity with no capital outlay required.

The entire installation, insurance and maintenance is funded by REI, while you receive heavily discounted electricity.

 

Bottom line savings on energy costs

REI funds the entire installation of a solar PV system and your electricity costs will be drop to typically 30% of the amount you were paying previously.

A typical installation saves customers £2,500 in Year 1, and an anticiapted £135,000 over the life of the scheme.*

*Based on a 50kWp system, 85% on site usage, 11.6p/kWh electricity tariff, 5.4p/kWh solar PA tariff, 2.5% RPI and 7.6% for electricity price inflation.

Solar Feed in Tariff

One of the most popular and easiest forms of renewable energy to incorporate into a commercial application

The cost of installing commercial solar PV systems has reduced dramatically over the last 5 years. Our systems have a number of advantages for business owners:-

  • Excellent returns of 8 – 18% for 20 years
  • Capital allowances make for a tax efficient investment
  • Reduce your energy bills
  • Reduce your carbon footprint and improve your corporate image
  • You may be eligible for a FREE installation
  • Free quotations and design
  • Expert advice and help
  • Specialist design services

Solar panels offer huge benefits and incentives for your business and we will offer our full support and design services from inception to completion.

Installing a commercial solar PV system is also a great way of reducing your energy bills by using the free electricity you are generating. In an ideal situation we will try to design a Solar PV system which covers your daytime load to provide you with substantial energy savings.

By combining the FIT payments with the savings on your energy bills, we aim to provide you with an electricity supply that will pay for itself in a reasonable time period and provide an income stream for the next 20 years. The carbon savings resulting from the green electricity you are generating can also be an added bonus if you are trying to meet buildings regulations compliance.

Commerical RHI Scheme

The non-domestic Renewable Heat Incentive

The non-domestic Renewable Heat Incentive is a financial support mechanism for renewable heat targeted predominantly at the commercial and industrial sectors.

The non-domestic RHI aims to encourage the uptake of renewable heat technologies. The heat generated from your renewable technology must be used for space, water or process heating to be eligible for RHI support and participants in the scheme will be required to meet a number of obligations.

Non domestic scheme covers several types of heating including:

  • Heat Pumps including air- to- water (ATW) and ground to water (GTW)
  • Solar Thermal collectors
  • Biomass
  • Geothermal
  • Biomethane and biogas

Read more: https://www.ofgem.gov.uk/environmental-programmes/non-domestic-rhi/about-non-domestic-rhi

Financial support from the non- domestic RHI will be paid at a set rate per unit of renewable heat generated. Payments will be made quarterly for twenty years. Tariffs are set for each type of RHI eligible technology, and the Government expects to update these tariffs on a regular basis.

Payments are kept in line with the Rental Prices Index (RPI) and will also be linked to uptake levels for each eligible technology.

Once you’re accredited, a tariff level will be assigned to your installation based on its technology (eg biomass, heat pump, solar) and size. Payments will be made based on the actual heat output of the installation. They begin to accrue from the date of accreditation of the installation.

Tariff rates are set by the Department for Business, Energy and Industrial Strategy (BEIS). Tariff rates are adjusted annually, in line with the relevant price index.

Read more: https://www.ofgem.gov.uk/environmental-programmes/non-domestic-rhi/contacts-guidance-and-resources/tariffs-and-payments-non-domestic-rhi

The Enhanced Capital Allowance Scheme

For energy-saving technologies

Boost your cash flow

The Enhanced Capital Allowances (ECAs) is a simple way for a business to improve its cash flow through accelerated tax relief.

The ECA Scheme for Energy Saving Technologies encourages businesses to invest in energy saving plant or machinery by the Carbon Trust on behalf of the Government.

The ECA scheme allows businesses to write off the whole cost of the equipment against taxable profits in the year of purchase. This can provide a cash flow boost and an incentive to invest in energy saving equipment which normally carries a price premium when compared to less efficient alternatives. The ETL specifies the energy saving technologies that are included in the ECA scheme.

The ETL (or Energy Technology Product List, ETPL) is a government-managed list of energy-efficient plant and machinery, such as boilers, electric motors, and air conditioning and refrigeration systems that qualify for full tax relief. For a product to be on the ETL, it must meet specific energy-saving or energy-efficient criteria. It is part of the Enhanced Capital Allowance (ECA) tax scheme for businesses.

For more details about eligible product types and the amount of energy they save, see the technology factsheets about ETL product types here: https://www.gov.uk/government/collections/energy-technology-list-technology-information-leaflets

If you need help making your claim for ECAs, you should contact your tax adviser or call the HMRC Self Assessment Helpline on Tel 0300 200 3310.

Products included:

  • Air to air energy recovery
  • Automatic monitoring and targeting (AMT) equipment
  • Boiler equipment
  • Combined heat and power (CHP)
  • Compressed air equipment
  • Heat pumps
  • Heating, ventilation and air conditioning (HVAC) equipment
  • High speed hand air dryers
  • Lighting
  • Motors and drives
  • Pipework insulation
  • Refrigeration equipment
  • Solar thermal systems
  • Uninterruptible power supplies
  • Warm air and radiant heaters
  • Waste heat to electricity conversion equipment

Find out more about Finance and Incentives Today

Contact us today to understand which finance and incentives are applicable to your application.

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