Energy Efficiency Financing
Easy, affordable, flexible
Financial Services
provided by Siemens
Customer benefits
Investing in energy
efficient equipment
makes sound business
and environmental
sense.
How Energy Efficiency Financing
could transform your business
Investing in energy efficient equipment from Remeha Commercial makes sound business
and environmental sense. Remeha Commercial can now offer the affordable and flexible
Energy Efficiency Financing scheme set up by the CarbonTrust and Siemens Financial Services.
If your organisation is looking to reduce energy use, talk to Remeha Commercial about the
financing options we now offer to help you reduce your energy waste and fuel bills by upgrading
to new, more energy efficient Remeha heating equipment. With the Energy Efficiency Financing
Scheme, payments are offset against the anticipated energy savings, which means your
financing option is designed to pay for itself.
GAS 110 ECO GAS 210 ECO PRO GAS 310/610 ECO PRO
The Benefits of Energy Efficiency Financing
to your business
Energy Efficiency Financing makes good business
sense. Here are some of the key benefits:
Convenient and fast. You can arrange your
Energy Efficiency Financing through Remeha
Commercial. We can then liaise with Siemens
Financial Services to take care of your application
and the paperwork for you. It’s that simple.
Affordable – right now! The Energy
Efficiency Financing scheme is designed so
that the finance payments made to Siemens
Financial Services are offset against the
anticipated energy savings, which means
the equipment should pay for itself. So you can
afford to install the energy efficient equipment
you need straight away. And once you’ve made
all the payments, you should continue to make
savings year on year.
QUINTA ECO PLUS
The Benefits of Energy Efficiency Financing
to your business (continued)
Flexible. Energy Efficiency Financing is
designed so that payments match or exceed
anticipated energy savings. Affordable
payments are tailored to suit your
circumstances and can be arranged with
Siemens Financial Services over terms from
1 to 7 years, or in some cases even longer.
Easier budgeting. Energy Efficiency
Financing payments are fixed; payments are
not subject to fluctuations in interest rates,
which means easier budgeting.
Maintains existing credit lines. As the
scheme is specially arranged through Carbon
Trust Implementation Services and Siemens
Financial Services, any existing credit lines
that you may have with your bank remain
intact, to be used by you in the future if
necessary.
Tax efficient. Energy Efficiency Financing
is designed to be tax efficient. Finance
payments may be offset against tax,
depending on individual circumstances.
Future proofed. The flexibility of the scheme
allows the finance solution to change with
your business requirements, therefore the
original installation may be upgraded in the
future.
Conserves working capital. Energy
Efficiency Financing gives you the flexibility
to conserve your existing working capital for
other business projects.
Example 1: Finance used to enable implementation
of more efficient Condensing Boilers.
In this case, an installed boiler with poor seasonal
efficiency of 70% is replaced with a condensing
boiler of 107kW output (model: Quinta 115 Pro),
with a seasonal efficiency of 88%.
The new boiler costs £3,650; the finance scheme
allows for an additional 30% of the equipment
cost to be borrowed to help pay for installation.
The total amount loaned is £4,745.
Over a 4 year period, finance costs amount
to £1,261.
Repayments are: for year 1 £1,572,
years 2, 3 and 4 £1,478.
With annual fuel cost savings of £1,878, if
finance payments on the boiler and installation
contribution are considered then there is a
financial benefit to the customer of, in year 1 £306,
in years 2, 3 & 4 £400 and from year 5 onwards, for
the rest of the lifetime of the equipment, £1,878
per annum. See chart opposite…
Example 1: Chart Opposite
The new installation would reduce the total
carbon released into the atmosphere by a total
of 12.15 Tonnes per annum, which equates to
a 25% reduction.
The calculations are based on a gas cost of 2.67p
per kWh and with a demand for heat equivalent to
2,100 hours full boiler output per year.
Actual use of equipment will be a factor in the
actual savings made. Rate of interest in this
example, for this size loan, is 9% IRR. Rate of
interest and prices quoted are correct at time
of printing, but may subsequently vary. Remeha
Commercial would be pleased to advise current
loan rates of interest and offer full quotations for
equipment on request. Please contact Sales on
0118 974 3066 for more information.
For Example 1: Chart Showing Condensing Boiler Related Finance and Cash Flow Information
50000
45000
40000
35000
30000
25000
20000
15000
10000
5000
Equipment Cost and
install costs £4,745
Total Finance Costs
£1,261
Finance payments Year 1;
£1572 Year 2, 3, 4; £1,478
Annual savings £1,878
Annual Surplus
Year 1; 306, Year 2,3,4; £400,
Year 5 onwards £1,878
0
Year 0
Year 1
Year 2
Year 3
Year 4
Year 5
Loan Repayments
Annual Fuel
Savings
Annual Fuel
Savings Surplus
After any
Repayments
Capital Cost
of Equipment
+ 30% towards
installation
Finance Cost
(Interest and
any arrangement
/ service fees)
Cash flow for the
client is greatly
improved because
outgoing finance
payments are
matched to the
fuel savings.
All financial calculations
are examples only, fuel
costs may vary with actual
usage and price variation.
and beyond
Example 2: Finance used to smooth cash flow for
a Biomass Boiler installation.
In this case, the installed 29kW oil boiler
is replaced with an 85kW Biomass Boiler
that serves the existing building and a
new building built adjacent to it.
The new biomass boiler costs £22,590.
Other installation costs such as fuel
store construction, boiler assembly and
commissioning are excluded. Over a 7 year
period, finance costs amount to £8,613.
Repayments are: for year 1 £4,539
and for years 2 to 7 £4,444.
When considering fuel savings and RHI income,
less the equipment finance payments, this
scheme has an annual surplus of £298 in year
1, rising to £393 per year for years 2 to 7 and
then £4,837 per year for the rest of the life of the
equipment. See chart opposite…
Example 2: Chart Opposite
The new installation reduces the total fossil fuel based
carbon released into the atmosphere by a total of 9.03
Tonnes per annum, which equates to an 89% reduction.
The calculations are based on an existing oil
consumption of 3,900 litres per annum at 58p/kWh.
The installation qualifies for RHI (Renewable
Heat Incentive) payments at Tier 1 of 7.9p / kW.
The estimated heat use of the new system is
58,500k/Whs. Calculations are based on wood
chips supplied at a cost of 3.5p/kWh (in the actual
installation, cheaper, waste wood chips are available).
Actual use of equipment will be a factor in the actual
savings made. Rate of interest in this example, for this
size loan, is 9% IRR. Rate of interest and prices quoted
are correct at time of printing, but may subsequently
vary. Remeha Commercial would be pleased to advise
current loan rates of interest and offer full quotations
for equipment on request. Please contact Sales on
0118 974 3066 for more information.
For Example 2: Chart Showing Biomass Equipment Related Finance and Cash Flow Information
25000
20000
15000
10000
5000
Biomass Boiler
Equipment Cost
£22,590
Total Finance Costs
£8,613
Finance payments Year 1;
£4,539 Years 2 to 7; £4,444
Annual savings and
RHI Income £4,837
Surplus: fuel savings and RHI less finance payments
Year 1; £298 Years 2 to 7; £393 Year 8 onwards; £4,837
0
Year 0
Year 1
Year 2
Year 3
Year 4
Year 5
Annual Fuel Payments
Annual Fuel Savings
and RHI Income
Surplus: Annual
Fuel Savings and
RHI Income Less
Finance Payments
Capital Cost
of Equipment
Finance Cost
(Interest and Facility
/ Annual Fees)
Year 6
Year 7
Year 8 and beyond
Cash flow for the
client is greatly
improved because
outgoing finance
payments are
matched to the
RHI income and
the fuel savings.
All financial calculations
are examples only, fuel
costs may vary with actual
usage and price variation.
How it works
The scheme is available to all kinds of businesses
and organisations. Financing from Siemens
Financial Services can be arranged for amounts
as little as £1,000 upwards and, assuming your
proposed Energy Efficiency Financing project
passes the energy saving assessment by
Carbon Trust Implementation Services,
there are potentially no upper limits*.
Remeha Commercial offers free advice and
assistance for customers in applying for the
Energy Efficiency Financing for projects using
Remeha Commercial’s energy efficient heating
and hot water generating equipment.
For more information on
Energy Efficiency Financing for
Remeha Commercial Projects, please call:
Remeha Commercial Sales on
0118 974 3066
Website:
www.remeha.co.uk/finance
Alternatively, or for general enquiries on
other energy saving projects, please call:
Carbon Trust Implementation Services on
Energy Efficiency Financing is also available for
a wide variety of other projects (assuming they
meet Carbon Trust Implementation Services’
energy saving assessment criteria). Projects that
may also qualify include building technologies,
such as pipe insulation and air conditioning,
or industrial process technologies, including
compressed air, refrigeration or specialist
production equipment.
*Subject to customer credit assessment
0800 988 3718
and for general enquiries relating to the
financing options available, please call:
Siemens Financial Services on
01753 434 476
Is your Energy Efficiency Financing
project eligible?
Energy Efficiency Financing is available to a
wide range of businesses and organisations,
from sole traders, charities and partnerships
through to large corporates, local authorities
and other public sector organisations.
Whilst all kinds of organisations can qualify,
there are some basic criteria to satisfy:
Credit checks and trading history: To
qualify for Energy Efficiency Financing,
businesses must have been trading for at
least 36 months, Financing is then offered
subject to a normal credit assessment.
Energy saving assessment: Customer
energy saving assessments will be
conducted by Carbon Trust Implementation
Services to check as far as possible that
there will be CO2 reductions, and hence
financial savings over time, compared
to the current installation or a standard
practice solution.
Getting started
If you are interested in Energy Efficiency
Financing:
Call Remeha Commercial on 0118 974 3066
or email sales@remeha.co.uk and ask
about energy efficiency financing.
Visit: www.remeha.co.uk/finance
The Carbon Trust’s mission is to accelerate the move to a low carbon economy, providing specialist support to
organisations to help cut carbon emissions, save energy and commercialise low carbon technologies. Carbon
Trust Implementation Services Limited is a subsidiary of the Carbon Trust.
Carbon Trust Implementation Services Limited will use its expertise in carbon saving from energy efficient
technologies to independently assess the carbon, energy and cost savings of any credit approved Energy
Efficiency Financing application. All assessments will be based on clear and objective criteria. Siemens
Financial Services’ goal is to enable affordable acquisition of energy efficient technologies through providing a
range of flexible financing solutions for projects under the Energy Efficiency Financing scheme. Carbon Trust
Implementation Services and Siemens Financial Services work with recognised suppliers, providing them with
the know how, documentation and tools to support customers’ applications under the scheme.
Siemens Financial Services is a leading provider of innovative finance solutions to UK businesses and public
sector organisations. With more than 250,000 customers Siemens has arranged finance for circa 90% of
the current FTSE 100 companies and more than 50% of NHS trust and local authorities. Siemens Financial
Services Limited is part of the Siemens AG group of companies - jointly referred to hereafter as Siemens.
The data published in this brochure is based on the latest information (at date
of publication) and may be subject to revisions. It should be read in conjunction
with our full technical brochures (available on request). We reserve the right to
continuous development in both design and manufacture, therefore any changes
to the technology employed may not be retrospective, nor may we be obliged
to adjust earlier supplies accordingly. The diagrams and instructions included
are for guidance only. Remeha Commercial accepts no liability for any loss or
damage arising from any errors or omissions that may inadvertently be contained
in it. All financial calculations are examples only, fuel costs may vary with actual
usage and price variation. Issue 1 date: May 2012
Financial Services
provided by Siemens
Remeha Commercial
Remeha House
Molly Millars Lane
Wokingham
Berkshire RG41 2QP
T: 0118 978 3434
F: 0118 978 6977
E: boilers@remeha.co.uk
www.remeha.co.uk
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