A new green fund, launched in conjunction with Leads2Trade, is expected to provide new opportunities for renewable energy installers looking to provide energy saving technologies for UK home and business owners.
The Energy Saving Network will provide the upfront finance needed to install measures such as LED lights, air-con control, heat pumps, bio mass boilers, micro wind turbines and solar PV systems.
The network’s Managing Director, John Cohen, said: “The reality is that the overriding economic conditions mean that installers may have projects on hold or stuck because the end-user doesn’t have the capital expenditure to push it along.
“With this fund these projects can now go ahead – outstanding quote logs can now be turned into orders and the building owner will pay for the work through the energy saving measures.
“Once installers have been accepted onto the preferred suppliers list, they have access to Energy Saving Network funding. This means they will be able to fill their order book up with major commercial contracts and any of their clients with an energy spend of £30k or more per-annum will qualify.”
The Energy Saving Network is funded by investors who are looking for an alternative to the low-interest rates currently on offer with conventional saving schemes.
“Renewable installers can now demonstrate how useful a product is without the end-user having to commit to it financially. This is a powerful proposition and can help them to plan for growth over the next five years, in what still remain testing economic conditions,” Cohen concluded.