Renewable street lighting company, Solar Street Light company, launched a £3.5million funding scheme to boost street lighting powered by renewable energy.
The scheme aims to help the end user by providing a 100% financial solution in the form of a finance package through the European Green Fund with a 0% interest rate. The package is designed for councils, governmental bodies and companies with a record of trading for more than 3 years.
In order to benefit from the offer they will have to fill in an application form that will be revised and sent to the European Fund for approval, and a decision will be made within 48 hours of the submission.
The repayment will have a 3 to 5 years period with cost saving promised from day one of the installation. According to Solar Street Lighting, ‘the total monthly energy cost will be reduced to 20% from day one of installation, the saving of 60% will be used to repay the fund, leaving a saving of 20%. Once the fund is repaid over the agreed period, the end user will only have to pay 20% of the grid costs making an overall saving of 80%.’
Solar Street Light is a UK-based clean tech developer dedicated to providing clean, affordable, sustainable, high-quality street lighting, totally off grid and totally free of day to day running costs. The solutions they provide include solar LED street lighting systems, all-in-one solar street lighting systems and hybrid lighting, powered by solar and the wind.