Businesses to be shown how energy efficient lighting can slash costs
More than 90 per cent of large companies now have an energy reduction strategy and a growing number of SMEs are following suit.
Businesses are now able to take advantage of funding available from the Carbon Trust and Siemens Financial Services worth up to £550million over the next three years.
Speakers at the event at the De Vere Hotel in Whiston, Merseyside, on Thursday, July 5, include David Hunt, a director with leading renewable and energy efficiency company Eco Environments, Elaine Fox, of the Carbon Trust/Siemens and Rob Adams, a senior tax manager with Grant Thornton in Liverpool.
To book a place at the free seminar, email Eco-Environments.
David Hunt said: “A large proportion of SME owner managers still think that renewable energy or ‘green’ technology is about saving the planet. This couldn’t be further from the truth – rather than saving the planet, harnessing the right energy efficiency solutions could actually be about saving a business, particularly during these tough economic times and against a backdrop of ever rising energy costs.”
One manufacturer customer of Eco Environments currently spends £48,000 a year on lighting its premises, but this figure will reduce by more than half to £21,000 a year with energy efficient lighting. The implementation cost is £40,000 meaning that in less than two years the company will have recouped its outlay.
Meanwhile, a smaller scale project involving a car showroom and garage will see the company reduce its annual electricity spend from £7,500 to £2,500 with the new lighting installed. The cost of the project is approximately £24,000 meaning that the project will have paid for itself in less than five years.
However with a Carbon Trust/Siemens loan, companies like these can go ahead with their energy efficiency project without capital expenditure and with energy savings greater than the finance costs involved. Energy efficient lighting schemes are also eligible for Enhanced Capital Allowances (ECA) giving a 100 per cent write-off in the current tax year and other tax benefits.