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Making Business Sense of Climate Change

Making Business Sense of Climate Change. You may be eligible for an interest free ‘energy-efficiency’ loan from The Carbon Trust towards the cost of your BOGE Energy Saving Solutions! Contact BOGE today Tel: +44 (0) 1484 719921. Energy-Efficiency Loans from the Carbon Trust. The Carbon Trust.

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Making Business Sense of Climate Change

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  1. Making Business Senseof Climate Change You may be eligible for an interest free ‘energy-efficiency’ loan from The Carbon Trust towards the cost of your BOGE Energy Saving Solutions!Contact BOGE todayTel: +44 (0) 1484 719921

  2. Energy-Efficiency Loans from the Carbon Trust

  3. The Carbon Trust • An independent company funded by Government • Works with UK business & public sector to cut .carbon dioxide emissions • Programmes include: • Energy surveys & support • Commercial development of low-carbon technology • Financial products

  4. The Carbon Trust - Financial products • Energy Technology List (ECA Scheme) • PRODUCT focussed • results in a tax advantage • Energy-Efficiency Loans • Energy PROJECT based • results in the end-user receiving interest free loan • not limited to ETL products

  5. Energy-Efficiency Loans in context... • Five interest rate increases during past …12 months !! • Energy prices increased by 30-40% …since Oct. 2003 !!

  6. Energy-Efficiency Loans To encourage end-user investment in energy efficiency projects. Key features: • £5,000 min to £100,000 max • 0% Interest • No other fees • Unsecured • Repayment period matches project payback

  7. Who’s eligible? • Small and Medium Enterprises (SMEs) in England Wales & N Ireland (Over 2 Million in UK) Providing they have: • A trading history of at least 12 months • An acceptable credit rating • No involvement in agriculture & fisheries, transport and export related activities

  8. What is an SME?(Over 2 Million in UK) An enterprise with: • Fewer than 250 employees • Less than €40m (~£25m) turnover or €27m (~£17m) assets • Not more than 25% of the capital or voting rights owned by a non-SME

  9. Energy saving projects • Qualify if savings payback the loan within 5 years • Installation costs can be included • Based on energy savings only • If payback >5 years the loan is capped at 5 times the annual saving • Carbon threshold 0.39 tonnes carbon per £1,000 loan

  10. Energy-Efficiency Loans - example Project Cost £120,000 Estimated saving £30,000/annum Therefore Project payback 4 years Potential Loan £100,000 (subject to credit check) Loan repayment period 48 months

  11. Energy-Efficiency Loans - example Project Cost £50,000 Estimated saving £9,000/annum Therefore Project payback 5.5 years Loan capped at 5*£9,000 = £45,000 Loan repayment period 48 months Loan repayment £11,250/annum

  12. Energy-Efficiency Loans - example Project Cost £40,000 Estimated saving £15,000/annum Therefore Project payback 2.7 years Potential Loan £40,000 Loan repayment period 36 months Loan repayment £13,350/annum

  13. Energy-Efficiency Loans - example Project Cost £10,000 Estimated saving £6,000/annum Therefore Project payback 1.6 years Potential Loan £10,000 Loan repayment period 24 months

  14. The benefits to you • Makes it easier for your to invest in energy efficiency projects • overcomes capital cost barrier • Creates an environmental benefit • energy savings means lower carbon dioxide emissions

  15. The loans procedure • Customer Eligibility check list • Straightforward application form • Energy saving assessment & quotation from you • Customer provides Accounts info’ for credit check • Each application is vetted - energy & carbon saving • Some projects will be audited post completion Loan offers can be made in 2 weeks from receipt of a complete application

  16. Making Business Senseof Climate Change You may be eligible for an interest free ‘energy-efficiency’ loan from The Carbon Trust towards the cost of your BOGE Energy Saving Solutions!Contact BOGE todayTel: +44 (0) 1484 719921

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