Managing your business’s finances has its challenges even at the best of times. But when you throw a cost of living crisis and soaring energy prices into the mix, things can get even trickier. It’s therefore hardly surprising to learn that many business owners are looking to the sky for ways to reduce their costs and ease pressure on budgets.
We are committed to finding innovative financial solutions to ensure the smooth running of your business. At a time when energy prices are at an all-time high, funding a solar panel purchase through Union Business Finance could have a substantial impact on your return on investment, reduce your bills and make a positive contribution to the environment.
There are many advantages of installing solar panels for your business that are both financially and environmentally beneficial.
Achieving a healthy ROI is a goal of any business owner and with any new venture you embark on, you want to be safe in the knowledge that the return will be worth the investment.
Unlike some business investments, by installing solar panels, you will see financial benefits almost immediately through the dramatic decrease in energy bills. Following this, a standard commercial solar panel setup will achieve returns of more than 12% per annum and pay back costs within 6-8 years meaning that the initial cost and investment are more than worth it. If there were to be any disadvantage to installing solar panels for your business, it would more than likely be the cost. But we’ve got that one covered. We know how much of a positive impact it could have on your business, and because we are passionate about helping the environment, we are confident that we have a financial solution to help you on your way to installing solar panels for your business.
Whatever your business sells, promotes or endorses, every enterprise has one thing in common. The desire and unspoken expectation to make positive contributions to our environment. In today’s modern world, moving with the times doesn't just mean keeping up to date with the latest technology, it means doing what you can to better the planet our children are inheriting.
According to the Office of National Statistics, “Electricity prices in the UK rose by 66.7% and gas prices by 129% in the 12 months to January 2023, and were some of the main drivers of the annual inflation rate” and the House of Commons Library states that energy prices will increase by 20% in April 2023.
With energy prices being one of the many uncertainties of today’s economy, there has never been a better time to invest in solar panels for your business. Take control of your energy bills and produce your own reliable, sustainable and cost-effective energy.
We are able to fund solar panels on a hire purchase or a lease agreement and our bespoke lender panel can fund solar panels over a 5-7 year term with competitive interest rates. This will allow you to spend the money you save elsewhere within the business. Speak to one of our account managers to get more information.