Fuel station in Blackburn retains working capital with solar asset finance deal

Deal type: Renewable energy

Facility: Asset finance

Facility value: £65,000

The situation

One of our introducers referred us to a petrol station owner in Blackburn who wanted to install solar panels to reduce their energy costs. 

The solution

We recommended asset finance as our specialist lenders regularly have low rates for solar energy deals. That’s because they classify the panels in the same way they do machinery.  

We also explained to the fuel station owner that many of our clients become cash-positive after year one, as the monthly asset finance payments are less than their energy savings. 

The result

We completed the deal under 48 hours after we submitted the proposal to our lenders. 

By choosing asset finance, the client could spread the cost of their solar panels over time. This preserved working capital in their business for other investments. 

Plus, the fuel station keeps 100% of the energy savings, as they don’t have to split them with a third-party provider. At the end of the agreement, they also own the solar panels. 

Your finance deal is a conversation away 

Many of our clients find that asset finance for solar panels pays for itself. Discover what renewable energy finance can do for you or get in touch to discuss your green energy plans.