Finance Options for Biomass Boilers
There are a number of companies offering finance for biomass boilers in the United Kingdom. Finance, in the form of loans and leasing agreements, is available for domestic, commercial and industrial installations, in both the private and public sectors. Finance for renewable energy technologies allows customers to avoid large upfront costs and make payments out of the income earned from government schemes such as the Renewable Heat Incentive, as well as energy bill savings.
Finance may be offered on a range of bases, each offering varying levels of financial risk and reward, as well as varying interest rates. Typically the finance company will provide the renewable heat technology and its installation in return for payments spread over a period of time. Depending on the type of agreement, the client may either come to own the technology at the end of the period, it may be sold by the company with the proceeds being split between client and company, or the finance company could retain it.
The arrangements offered by finance companies will vary, however, and each will offer different advice. It is therefore advisable to obtain quotes and agreement terms from a range of companies, based on your energy/heating needs and financial situation.
Look here for some UK companies offering finance for biomass systems.