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Solar Financing for Hotels & Hospitality

Get affordable solar panel financing for hotels & hospitality in the UK. Lower energy bills, boost your green image, and enjoy flexible payment plans. Call now!

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Solar Financing for Hotels & Hospitality
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Solar Financing for Hotels & Hospitality

Hotels and hospitality businesses in the UK face high energy costs due to constant operations, from heating and cooling to lighting and kitchen appliances. Solar financing offers a way to adopt renewable energy by funding solar panel installation without a large upfront cost. For example, a boutique hotel used solar financing to install a £40,000 system, saving £12,000 annually on energy bills and enhancing its eco-friendly reputation. In this guide, we’ll explore the benefits of solar financing for hotels and hospitality businesses, the steps to get started, and how NexGen Business Finance can help you reduce costs and go green.

Benefits of Solar Financing for Hotels & Hospitality

Solar financing offers a cost-effective way to adopt renewable energy, providing both financial and environmental advantages for hotels and hospitality businesses. Here are the key benefits:

  • Reduced Energy Costs: Generate your own electricity and significantly lower your energy bills, with potential savings of thousands of pounds annually, especially during peak seasons.
  • Environmental Impact: Reduce your carbon footprint and appeal to eco-conscious guests by using clean, renewable energy for your hotel or hospitality operations.
  • Financial Incentives: Take advantage of UK government incentives, such as tax reliefs or the Smart Export Guarantee (SEG), which pays you for excess energy fed back to the grid.
  • Increased Property Value: Boost the value of your property with a solar panel system, making it more attractive to buyers or investors who prioritize sustainability.

Steps to Use Solar Financing

Financing your solar panel installation with NexGen Business Finance is straightforward and efficient. Follow these steps to get started:

  1. Assess Your Energy Needs: Evaluate your hotel’s energy consumption to determine the size of the solar system you need. For example, a 100kW system might be suitable for a large hotel with high electricity usage for HVAC and lighting.
  2. Choose a Provider: Select a reputable solar panel provider and installer. NexGen can connect you with trusted partners to ensure quality and compliance with UK regulations.
  3. Apply for Finance: Work with NexGen to apply for solar financing, providing details like your energy needs, installation costs, and financial statements to secure the best terms.
  4. Install Your Panels: Once funding is approved, schedule the installation of your solar panels. Most installations for commercial properties like hotels take 1-2 weeks, depending on the system size.
  5. Monitor Your Savings: Track your energy savings and environmental impact over time, using tools provided by your installer to measure the performance of your solar system.

Frequently Asked Questions

Ready to Go Green and Save?

Solar financing with NexGen Business Finance makes it easy for hotels and hospitality businesses to transition to green energy, reduce energy bills, and attract eco-conscious guests. Contact us today to explore your financing options and start saving.

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Nexgen Business Finance Limited is an independent finance brokerage not a lender, as such we can introduce you to a wide range of finance providers depending on your requirements and circumstances. We are not independent financial advisors and so are unable to provide you with independent financial advice. Nexgen Business Finance Limited will receive payment(s) in the form of commission from the finance provider if you decide to enter into an agreement with them. We work with both discretionary and non-discretionary commission models. Commission payments are factored into the interest rate you pay. Nexgen Business Finance Limited is an Appointed Representative of AFS Compliance Limited which is Authorised and Regulated by the Financial Conduct Authority FRN: 625035 Nexgen Business Finance Limited aims to provide our customers with the highest standards of service. If our service fails to meet your requirements and you would like to report a complaint; please click on the link below

Nexgen Business Finance Limited Company Number: 13948675 and Registered Address: 11, Brookfield, Duncan Cl, Northampton NN3 6WL. ICO Reg: ZB308746

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