When it comes to energy consumption, two issues are always uppermost in our minds these days: rising energy prices and greenhouse gas emissions.
While most consumers strive to reduce their energy bills and carbon footprint, it's not always easy to do so, particularly for businesses and public services. Tackling the problem often requires an initial investment, and that's not always easy in a time of economic hardship and budget cuts to find the cash for the upfront costs.
One good example is LED lights; installing energy-efficient lighting is an excellent way of reducing energy costs and helping the environment, but it can be expensive initially.
So, what can be done to overcome this problem?
At Powervolt Team, we offer a professional service in all things electrical, including energy-saving devices, such as LED lighting. And here's the great news: you may be eligible for LED lighting grants and funding!
While there are several different funding options, it essentially comes from the government, although some private charities also offer funding.
The UK government is committed to energy efficiency and reducing carbon emissions to net zero by 2050. One of the ways it hopes to achieve this is by providing grants and funding for businesses to switch to LED lighting.
LED lights are a more energy-efficient and environmentally friendly alternative to traditional incandescent and fluorescent lighting, saving you money on your energy bills and dramatically reducing your carbon footprint.
Currently, there are a number of grants and funding schemes available for LED lighting in the UK, and these schemes are designed to help businesses and local authorities offset the cost of switching to LED lighting.
The eligibility criteria for grants and funding for energy-efficient LED lighting vary depending on the scheme. However, some general eligibility requirements include the following:
There are a number of different types of grants and funding available for LED lighting in the UK. These include:
How to apply for grants and funding for LED lighting
The application process for grants and funding for LED lighting varies depending on the scheme. However, you will typically need to provide information about your project, including:
There are a number of grants and funding schemes available to help businesses and public service providers switch to LED lighting in the UK. These schemes can help you offset the cost of switching to LED lighting and save money on your energy bills.
The following list shows a few of the schemes that are currently available, although it's likely that others will be implemented in the future:
This tax incentive allows businesses to claim a 100% first-year allowance for any investments in new energy-efficient equipment, including an LED light system. This means you can deduct the full cost of these assets from profits before tax in the first year.
The Energy Technology List (ETL) is a list of energy-efficient products that are eligible for enhanced capital allowances. LED lighting systems are included in the ETL, which means that businesses can claim a 100% first-year allowance for the cost of installing LED light systems.
The Industrial Energy Transformation Fund (IETF) is a £600 million fund that provides business grants to the industrial sector to invest in energy efficiency improvement methods, including LED lighting. The IETF is open to businesses of all sizes and can provide grants of up to £20 million.
The Public Sector Decarbonisation Fund (PSDF) is a £1.5 billion fund that provides grants to public sector organisations to invest in energy efficiency measures, including an LED light system. The PSDF is open to organisations such as schools, hospitals, and local councils.
Salix Finance is a government-owned loan fund that provides loans to public sector organisations to invest in energy efficiency measures, including LED lights. Salix Finance offers loans with competitive interest rates and repayment terms.
There are also a number of private and charity-funded schemes that provide grants and loans for LED lighting projects. These schemes may have different eligibility criteria and funding amounts, so it is important to shop around to find the best scheme for your needs.
When you want to begin the process of applying for an energy-efficiency grant, here are a few sites to check out:
Energy efficiency led lighting upgrades & retrofits are great for reducing utility bills and helping the environment!
And with a grant scheme, loan, tax incentive, or other funding option, you could invest in energy-efficient lighting without the financial upheaval. You get improved lighting, lower bills, reduced maintenance costs, and you reduce your impact on the environment - what could be better than that?
And when you are ready to go ahead with your LED system, Powervolt Team's professional team will do all the hard work for you.