Solar Soft Loans
HECE are excited to announce the availability of 'Solar Soft Loans' for community organisations and schools. Our aim is to help organisations that would not have the funds to do it themselves, to install solar panels, LED lighting and other energy saving measures.
With HECE’s Solar Soft Loans, you have full ownership of the system. The solar electricity generated and used on-site is free, reducing your electricity bills, and you earn income from selling surplus solar electricity to the grid. The repayment of the Solar Soft Loan is based on a share of the actual cost savings each year. If the savings are less than expected at the outset, the loan gets paid back slower, or may not get repaid in full. HECE recirculates the repaid funds into a local low-carbon soft loan fund to help more schools and community buildings install their own solar panels.
Unlike a commercial 'rent-a-roof' scheme, you will have full ownership of the solar system and there is no complicated roof lease or commitment to a long-term power purchase agreement. HECE’s Solar Soft Loans are a subsidised investment model. They are only available to schools and community organisations and we are only able to offer them as the source of funds is surplus income from our big solar farms. We have no finance costs to cover.
HECE provides a Solar Soft Loan to school/community organisation to pay for a solar PV system. We can help with a feasibility assessment and procuring and managing installers if needed.
School/community organisation owns system and is responsible for the maintenance costs. Solar electricity generated and used by the organisation is free, and reduces the amount of electricity the has to buy from a supplier. School/community organisation earns income from selling surplus solar electricity to a supplier.
Loan repayments are based on 50% of the actual annual savings. If the loan is not repaid after 20 years the outstanding balance will be written off.
HECE recoups capital over time to re-invest into a local low carbon soft loan fund to help other community buildings do the same.
School/community organisation enjoys solar and reduced energy bills, with no upfront costs. Unlike ‘rent a roof’ schemes there is no complicated roof lease or commitment to a power purchase agreement.
For more information on Solar Soft Loans and how your organisation could benefit, please email: email@example.com