Energy scheme overcomes budget restrictions

Dimplex has launched Renewable Energy Finance, a scheme designed to overcome budget restrictions and spread the costs of the full installation of renewable energy systems.

The scheme covers ground- and air-source heat pumps and solar-thermal systems.

The company said Renewable Energy Finance is ideal for any organisation that is looking to implement renewable energy technologies but is unable to secure some or all of the initial capital outlay.

It allows the investment costs to be repaid over a period of years and the savings in energy costs provided from the heat pump - once installed - can also be used to part-fund the scheme.

Chris Davis, head of renewables at Dimplex, said: 'This scheme will open up the possibility of energy efficient heating to more local authorities, schools and housing associations as the initial capital investment of an installation can be spread up to a maximum of 15 years.

'Essentially, this allows projects aimed at tackling issues such as Decent Homes and fuel poverty to be accelerated; while funding schemes such as the Low Carbon Buildings Programme and CERT are still available and overcome the traditional constraints of having to work within limited annual capital budgets.

Dimplex already works with clients to secure any available grant funding under the Low Carbon Buildings Programme Phase Two, the Community Sustainable Energy Programme and the Scottish Community and Householder Renewables Initiative.

Dimplex Renewable Energy Finance can provide match funding in association with grant schemes or provide 100 per cent project funding where grants are not applicable.

It covers the complete project costs so there is no upfront capital outlay and there are flexible payment schedules and accounting structures to meet individual client needs.

The whole heat-pump or solar-thermal system can be funded, including consultancy, installation and commissioning as well as groundworks, all renewable equipment and the heat-distribution system.

Bespoke agreements to suit individual clients' requirements will be considered by the Dimplex renewable-energy scheme.

The scheme can also offer deferred payment options to ease current budget constraints.

Back to top