Wind Turbines - Assistance with Funding, UK

There are a number of options for funding your turbine:

Domestic Funding:

Low Carbon Buildings Programme: You can get £1,000 per kW installed up to a maximum of £2,500, but the grant must be spent within six months and the property must meet a minimum level of energy efficiency. Alvesta can help you with meeting these requirements if your property currently falls short of them. All installations must be carried out by a registered installer under the Dti Clear Skies programme.

The Low Carbon Buildings Programme website is at www.lowcarbonbuildings.org.uk and application forms can be downloaded.

Commercial Funding:

Businesses may qualify for a Carbon Trust interest free loan based on the amount of carbon emissions that the turbine will save. There is quite a complex formula that is used to calculate the loan that might be available (£1,000 for each 0.7 tonne of Carbon not emitted per year as a result of the project) and these loans are repayable over five years.

The Carbon Trust website is at www.carbontrust.co.uk and again the relevant forms are available for downloading.

There are also regional grants available in some areas of the country through local renewable energy charities – such as Renewable Energy for Devon (RE4D).
We offer finance at competitive rates of interest, from three different companies, such that in moderate wind sites the turbine will cover its finance costs.

There are a number of other schemes that fund small wind projects and it would be worth your while having a look at the following websites:

Wind Turbine Quick Links