Salix Finance

/Salix Finance
Salix Finance 2018-03-29T16:54:06+00:00
Salix Finance

Salix Finance provides public sector organisations including schools and academies to become more energy efficient with interest free loans for energy savings projects including LED Lighting.

Salix is a not-for-profit organisation funded by the Department for Business, Energy and Industrial strategy, the Department for Education, the Welsh Government and the Scottish Government – allows public sector organisations to switch to energy saving technologies without the need for up-front capital cost by proving interest free loans.

Salix criteria and compliance requires organisations to be able to prove energy and carbon savings of their installation within a stipulated time period for a given project.

 

Current Salix Finance Statistics

  • Number of Projects Funded = 14,436
  • Value of Projects Funded = £462.9 million
  • Value of Annual Financial Savings = £116.2 million
  • Value of Annual Carbon Savings = 613,793 tonnes of CO2

Salix, in partnership with the Department for Education, provides interest free funding for schools to improve their energy efficiency.

Through the installation of energy efficient technologies, schools can lower energy bills and create a more comfortable learning environment.

Salix provide interest-free funding through the SEELS programme to help save money and reduce carbon emissions. Funding is for projects which are solely focused on energy efficiency upgrades. Generally the interest free loan covers all of the project costs so there is zero up front investment needed from the school.

The interest-free loan is repaid using the energy savings which are delivered from the Energy Efficiency project.

Salix funds over 100 different technologies including: LED lighting, boilers and insulation. Installing the right technologies will save you money and reduce your school’s carbon footprint.

Interest-free funding is available throughout the year for the following types of maintained school:

  • Community
  • Voluntary Aided
  • Voluntary Controlled
  • Foundation
  • LA Nursery
  • PRU
  • Special Schools

UK Energy Lighting will manage your application for a Salix loan at no additional cost.

It’s all included in our service to you when we manage a project for you.

There will be a few questions for you to answer from Salix and a few forms to fill in, but we do the rest for you.

No, you are not guaranteed to get awarded the funding.

The project has to be at least cost neutral (Investment vs Savings) over an 8 year period or it will not be accepted.

We do all the checks prior to an application, so generally we can tell you before if this project will pass and be accepted by Salix for funding.

Generally it takes 2-3 weeks from application to be awarded the funding.

Yes, Salix as an independent organisation provide a great service for you where they will check our energy calculations that are submitted with the application.

Their technical team will be  checking  the hours of operation, cost per kwh and proposed new technologies are all correct and will deliver the savings that we have calculated and forecast for you.

This way you can make sure the forecasted energy calculations are genuine before you sign off the project to start.

Not had a Free Lighting Audit?

UK Energy Lighting will guide you through every step of your project, to begin the process fill out the form on the right and we will contact you with a suitable time and date to conduct an audit.

  • We will conduct a no obligation FREE energy audit to discover your current lighting situation.

  • Using the information gained from the audit we can provide you with a detailed and accurate proposal of your savings by switching to LED.

  • With the information gained if you decide you want to move forward with your LED Lighting Installation you can apply for Salix finance and UK Energy Lighting can manage your application and let you know when your finance has been awarded.

  • You can instruct UK Energy Lighting to proceed with your LED lighting installation and we will manage your project throughout the whole process.