Although CHP technology makes sense in the long term,
high initial capital costs can can initially prove an obstacle to
installation. CEN has the flexibility and resources to design services
and processes
to meet the specific needs of your businesses or organisation.
CEN offers three types of financial service to assist with
the installation of a mini-CHP system:
Grants, Capital allowances, and CCL
exemption
CEN offers assistance with applications
for Enhanced Capital Allowances, government grants, and exemption
from the Climate Change Levy.
Our impartial brokering service undertakes
specific negotiations for single CHP units, or multiple CHP units
in one or several locations.
Government funded loans
CEN offers a loan for the cost of
installation. The terms of the loan are calculated to give, where
possible, an immediate positive cash flow based on expected fuel
reductions and loan duration.
For this option, loan repayments
are made approximately equal to energy savings, so the client
stands to gain the maximum saving from the decreases in fuel
consumption. However, the client is liable for repaying capital
irrespective of the performance.
Energy Service Contracts
CEN offers an energy service contract
for the installation. This is a no-risk route to installation
of mini CHP. Purchase, on going operation, and servicing of the
unit is managed and financed by CEN. The client continues to
pay for fuel, but receives guaranteed fuel price reductions.
This option requires no initial capital
outlay, and there will be a guaranteed reduction in the cost
of heat and power at the site through the installation. The maintenance
charges are zero, and CEN bears the risk of repaying the capital,
irrespective of performance. However, the client is tied to a
contract.
To discuss any of the services above contact
us at chp@cen.org.uk or
by calling 020 8683 6677.
