The capital outlay needed at the outset for the installation of a renewable energy system can be a hurdle for some projects.

Asset Finance & Management Ltd. which is a joint venture by Dimplex and AFM that partners with Econic Ltd, offers a viable alternative to cash purchase via an asset finance instalment option. This reduces the possible barrier of up front capital expenditure, and can also assist by matching cost against actual benefit and deliver significant tax and VAT efficiencies. Renewable Energy Finance is available for air, ground and water heat pump systems and solar energy systems. Other renewable technologies may be able to be included by agreement.

Asset Finance & Management Ltd was established in 1992 and has in excess of £50 million in assets and, with over 100 corporate and public sector customers, it is able to deliver financing solutions across a diverse budgetary range.

Features

Medium to Long Term Leases - Depending on credit, finance periods range from 5 years upwards are available to match the cost/benefit calculation.

Interest and Tax Fixed - Once transactions are in place, payments are fixed irrespective of interest rate and tax environment.

Structured Payment Profiles - Initial payments can be delayed for a "honeymoon period" and subsequent payments can be tailored to suit cashflow and/or budget requirements.

Project Finance - Stage payments are made to Econic as your project milestones are achieved to ensure continuity of service during the project.

Support - AFM has a dedicated account manager who works with Econic across the UK, to work out the best financing solution for projects, taking into account the legal, tax, balance sheet and P&L aspects of asset finance.

BENEFITS

• Management of the Budget: You can acquire the best solution without the constraints of internal or externally imposed budgets
• Alternative Source of Finance: Enables you to finance products and services over medium / long term periods without tying up existing credit lines
• Manage Cash Flow: Costs via rentals can be matched to the actual benefits of the solution. The project management Facility enables extended projects to be funded without cash calls
• Tax & VAT: depending upon your particular status, certain tax and VAT savings / deferment can be achieved

This is one of the first asset financing schemes to cover renewable products and services and in particular GSHP projects where much of the asset "disappears" and as such is generating significant interest. Please contact Econic to discuss this exciting option further.