Novalux Funding Options

CAPEX

Ownership

You will have full ownership and control of the asset from the day it is installed.

Long-term cost savings

While the upfront cost may be higher than leasing, there are long-term cost savings because there are no recurring lease payments.

Tax benefits

The Annual Investment Allowance (AIA)  enables businesses to claim tax relief on essential assets, including solar PV. The AIA allows businesses to deduct up to 100% of the cost of a solar installation, before taxes on its profits are calculated.

Quick ROI

In most cases, business achieve an ROI in 2-5 years.

 

HIRE PURCHASE

Fixed interest rates

The interest rate remains the same for the duration of the agreement, making budgeting easier.

Set monthly payments

You know exactly how much you'll be paying each month and can spread the cost over 60 - 84 monthly repayments.

Zero deposit

The first payment is taken once the system is installed.

Tax-efficient

In some cases, it may be more tax-efficient to expense the rental payments.

Better cash flow management

 Businesses can spread the cost of a purchase over a more manageable period, allowing for better financial planning.

 

POWER PURCHASE AGREEMENT

Immediate cost savings

Purchase electricity at a far lower rate than with your current provider.

No upfront costs

Novalux will fully fund the whole project.

Reduced risk

 Novalux is responsible for maintaining the panels and any insurance.

Environmental sustainability

Access renewable energy without the need for upfront capital expenditure.

Corporate social responsibility

Demonstrate to your community, your commitment to sustainability.

Transferable

If a business moves premises, the PPA can be transferred to the new occupants