Solar Panel Funding For Care Homes (UK)

Solar funding for commercial companies man

Solar panel funding for Care homes opportunities in the UK has grown exponentially in recent years due to the dramatic cost decreases of solar panel technology over the last decade.

Solar panels for care homes can provide an opportunity to become energy independent, and save money in the long run.

Solar panel funding options for care homes range from government grants, Solar panel leasing, and Solar PPA (power purchase agreements).

Over the past decade, remarkable advancements in solar technology have made it possible for the prices of solar panels to plummet by a whopping 70%.

On this page we will go through these solar power funding methods for your care home:

  • Solar power grants
  • Solar PPA 
  • Solar Leace 
  • Purchasing solar system estimate for your care home
Solar panel funding installer holding solar panels

Apply Solar Funding

Apply today to see if your Care home qualifies for free solar panel funding or elidable for solar incentives via government schemes or solar funding companies

Find solar funding options today and reduce your energy costs with our comprehensive solar solutions. Explore flexible solar finance options, including grants, loans, and PPAs, and discover the path to sustainable savings. Contact us today to explore your solar eligibility and start saving.

Receive a solar quote for your care home

1

Submit Details & Energy Bill

Submit your care home contact details and a recent copy of your Energy bill so we have a firm understanding for your solar power requirements

2

Receive Full Solar Quote

Once you have submitted your details one of our solar advisors will contact you to go through all the solar funding options such as, solar PPA and a capex solar quote

3

switch to Solar

when you have received your solar quotes and funding methods its time to make a decision on moving forward and saving with solar

Solar panel funding options for Care Homes

Solar funding options for care homes include a variety of financial mechanisms to support the installation of solar panels and renewable energy systems. These options can help care homes overcome the upfront costs associated with solar power and make the transition to sustainable energy more affordable. Some of the key solar funding options for care homes are:

  1. Solar Power Purchase Agreements (PPAs) and Leasing: Solar PPAs and leasing arrangements allow care homes to host solar panels on their property without having to purchase the equipment. Instead, they enter into an agreement to buy the power generated by the solar panels at a predetermined rate. This can be a cost-effective option for care homes with limited upfront capital
     
  2. Government Grants and Incentives: Various government programs offer grants and incentives to support the adoption of solar power in care homes. These programs can provide financial assistance, tax credits, and other incentives to help offset the cost of solar panel installation and encourage investment in renewable energy
     
  3. Solar Loans and Financing: Care homes can also explore solar loans and financing options to fund their solar projects. These may include personal loans, home equity loans, contractor financing, and loans specifically designed for solar projects. Solar loans often come with favorable terms and fixed interest rates, making them a viable option for care homes looking to invest in solar power
     

By exploring these solar funding options, care homes can find the financial support they need to implement solar power and reap the benefits of sustainable energy while reducing their environmental impact.

Solar panel funding options for care nursing homes
Solar Grants for Care Homes

Solar Grants for Care Homes

Solar panel grants for care homes are eligible only if the criteria is met – in other words, they may be restricted to specific types of businesses.

Care home solar grant programs come in a variety of forms, meaning you could be eligible to receive an entire solar power system and installation completely free!

Discovering available solar panel grants for care homes in the UK is now easier than ever – simply click the button below to gain access to our most recent list.

solar PPA for care homes

Solar PPA (power purchase agreement) For care homes

Care homes could also benefit from a solar Power Purchase Agreement (PPA), as these do not require any upfront costs for the installation of solar panels. With this arrangement, you can start saving on electricity bills right away!

By signing a Solar Power Purchase Agreement (PPA), the solar PV company will install panels on your care home roof and you’ll be able to purchase generated electricity from them at prices lower than those of the national grid. There’s no better way to benefit from renewable energy while still saving money in the long run!

Unlike government grants, Solar Power purchase agreements are always accessible to businesses.

Care homes can gain incredible advantages from solar financing, as there are no upfront expenses required to install the system.

In addition, you don’t have to worry about any damages or solar panel malfunctions as the solar funder will take care of them. Put simply, using this renewable energy source is a safe and convenient way for businesses to benefit from it!

Solar PPA savings

If you’re looking for a way to fund solar panel installation in your care home, then a Solar PPA is an excellent choice. Depending on the size of your company and electricity costs, installing solar panels can range from £10,000 to as much as £500,000 – making this funding option cost-effective and easily available.

Companies in the United Kingdom typically realize up to 40% savings on power costs when they use a solar PPA. But keep in mind that your ultimate cost-savings depend on where you are located, how much shade is available, and of course the climate; all factors must be considered.

When it comes to Solar PPA’s, the length of your contract can span anywhere from 10-25 years. Your contract term is entirely customizable and depends on how much you’d like to pay per KWH.

For instance, if your care home company seeks to pay less for KWH usage then the contract length should be extended (up to 25 years maximum) and with a reduced duration of solar PPA, you will have to bear more costs per KWH.

After completing a Solar Power Purchase Agreement, your care home will become the proud owner of its own solar power system.

To learn more about what are solar power purchase agreements for businesses and to view solar PPA examples click the highlighted text.

You can also use our Free Solar PPA calculator today to get an estimated price on how much you can save via a solar power purchase agreement for your care home business.

Solar Panel Leasing For Care Homes

Solar Panel Leasing For Care Homes

If you wish to benefit from solar energy without having to invest capital initially, then leasing solar panels for care homes is the ideal solution!

Instead of owning the Solar PV system like a PPA, with solar panel leasing, it’s owned and managed by the company providing this service.

Solar panel leasing is an ideal solar funding choice for care home companies, especially because there are typically no installation costs associated with this option. Solar Companies will usually cover all of the expenses needed to install your panels securely and efficiently..

A solar lease, similar to a Solar PPA, typically lasts between 5 and 25 years. 

Throughout that period of time, the companies providing this service will set up photovoltaic systems on your care home premises and charge you a fixed rate per kilowatt-hour consumed.

When your Solar leasing contract comes to an end, the solar provider removes the equipment. But don’t worry – you can always sign a new agreement with another panel supplier and start again!

Buying solar panels outright for my care home

buying solar panels for care homes

While investing in a solar power system for your care home business may appear extravagant, the long-term savings and environmental benefits make it well worth the money.

Securing solar grants and other funding opportunities for your care home business can be incredibly beneficial – the savings you could accrue from such investments will make a significant difference in the long run.

We have summarized an extensive study on the financial gains of small, medium and large care home businesses that elected to invest in a solar energy system.

Small Care Home (up to 20 residents):

System size: 10 kW

Installation cost: £12,000 – £15,000 (based on an average cost of £1,200 – £1,500 per kW)

Annual electricity production: 9,800 kWh

Average monthly energy cost savings: £122 – £153 (based on an average electricity cost of £0.125/kWh)

Annual energy cost savings: £1,464 – £1,836

Annual CO2 emissions reduction: 6.4 tonnes

Simple payback period: 8-10 years

Medium Care Home (20-50 residents):

System size: 30 kW

Installation cost: £36,000 – £45,000 (based on an average cost of £1,200 – £1,500 per kW)

Annual electricity production: 29,400 kWh

Average monthly energy cost savings: £367 – £459 (based on an average electricity cost of £0.125/kWh)

Annual energy cost savings: £4,404 – £5,508

Annual CO2 emissions reduction: 19.2 tonnes

Simple payback period: 8-10 years

Large Care Home (50-100 residents):

System size: 60 kW

Installation cost: £72,000 – £90,000 (based on an average cost of £1,200 – £1,500 per kW)

Annual electricity production: 58,800 kWh

Average monthly energy cost savings: £735 – £918 (based on an average electricity cost of £0.125/kWh)

Annual energy cost savings: £8,820 – £11,016

Annual CO2 emissions reduction: 38.4 tonnes

Simple payback period: 8-10 years

It’s essential to be mindful that these calculations depend on specific conditions and electricity prices, as well as the efficiency of your system.

A thorough feasibility study in combination with consultation from experienced solar technicians is paramount before making a decision about the best financing solution and project size for your care home.

The Benefits of Solar Panels for Care Homes

solar panel benefits for care homes

Across the United Kingdom, care homes are abundant in a variety of shapes and sizes – each with vast amounts of rooftop space.

With solar panels, care homes have the opportunity to not only save money on electricity costs but also contribute to a cleaner planet.

Care homes use an extensive amount of energy due to day-to-day operations – making this initiative all the more beneficial for them.

Here are more benefits:

1. With Solar Panels, you can significantly lower your energy costs and save up to 40% on electricity bills! The exact amount saved depends on the size and efficiency of the solar PV system as well as any other components installed.

2 Solar panels are a cost-effective solution to energy production! Not only will they save you money on your business electricity bills, but they don’t require external sources like solar batteries or generators.

In addition, the free energy generated from these panels is yours – no strings attached! Shopping around for the most efficient and affordable solar panel system could be an ideal way to take advantage of this clean and sustainable form of renewable energy.

3 With hardly any upkeep and maintenance, solar panels are an effortless way to produce your own electricity. Although the performance and lifespan may lower over time, you can rest assured that warranties will cover replacement if needed.

4 Solar panels not only produce an endless supply of clean renewable energy from the sun, but also actively contribute to protecting our environment. 

They don’t release any type of harmful toxins into the atmosphere and significantly reduce greenhouse gas emissions. Furthermore, unlike other sources of energy, solar panel energy is fully recyclable and can be reused over time in a sustainable way!

If you are a care home in the United Kingdom, now is your chance to reap the rewards of Solar panel systems with Solar panel funding and financing options!

Case studies of UK Care Homes that took advantage of solar panels

Here are some compelling examples and case studies demonstrating the effectiveness of UK care homes that have invested in solar panels.

  1. The Green House Care Home in Nottingham: The care home installed a 30 kWp solar panel system on its roof, which generates approximately 26,000 kWh of electricity per year. The system helps the care home reduce its carbon footprint and save over £2,500 per year on electricity bills. The installation was funded through a grant from the Nottingham City Council’s Low Carbon Fund.
  2. Lyncroft Care Home in Wisbech, Cambridgeshire: The care home installed a 15 kWp solar panel system on its roof, which generates approximately 13,000 kWh of electricity per year. The system helps the care home reduce its energy bills and save over £1,300 per year. The installation was funded through a grant from the Cambridgeshire County Council’s Renewable Energy Fund.
  3. Aden Lodge Care Home in Huddersfield, West Yorkshire: The care home installed a 24 kWp solar panel system on its roof, which generates approximately 21,000 kWh of electricity per year. The system helps the care home reduce its energy bills and save over £2,000 per year. The installation was funded through a loan from the Carbon Trust’s Green Business Fund.

 

These case studies demonstrate the amazing advantages that solar panel installations can bring to UK care homes.

Not only do they decrease energy costs and carbon dioxide emissions, but more importantly, they help Britain attain its climate change objectives.

It is clear that investing in solar panels pays off both financially and environmentally!

Conclusion

By financing or funding solar panel installations for businesses in the UK, care home owners can experience significant cost reductions and increased profits.

Companies can tap into the power of Solar PV systems to generate free, sustainable energy and take advantage of renewable resources.

Solar panels provide a positive environmental benefit, substantially reducing the amount of carbon dioxide released into our atmosphere.

Now with Solar Panel financing and funding, UK care homes are in a prime position to access the many advantages of Solar PV systems.

Switching over will not only save them money in the long run but also help create a more sustainable future for everyone.

Resources

UK Government Grants schemes for businesses.

https://www.gov.uk/guidance/find-funding-to-help-your-business-become-greener

Ofgems information about business solar funding options.

https://www.ofgem.gov.uk/information-consumers/energy-advice-businesses/find-business-energy-efficiency-grants-and-schemes

Information on tax incentives and schemes for manufacturing companies.

https://www.gov.uk/green-taxes-and-reliefs

https://www.taxinsider.co.uk/green-tax-breaks-for-uk-smes#:~:text=If%20your%20business%20is%20energy,to%20meeting%20set%20energy%20efficiency

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