Hire Purchase Agreement - Asset Finance - Customer Finance
The most common way to finance biomass installations is by securing a hire purchase agreement or asset finance agreement against the biomass boiler itself.
Other customers refinance existing plant or machinery they currently own to finance the biomass installation.
Customers can also raise finance secured against their own personal or business assets.
Energy supply contracts commonly known as ESCO.
This is a method whereby iGen Renewables Ltd provide the biomass boiler installation, fully maintained and serviced with a fuel supply contract.
The customer simply has to buy their new reduced cost energy.
Please note in this instance the customer will not be eligible for RHI payments as they will not be the owner of the installation, however they will benefit from no installation costs or ongoing service or maintenance expenses.