GE Capital provides financing for Solar4Schools scheme

GE Capital has teamed up with solar company Solarcentury to provide financing to UK schools and local authorities via the Solar4Schools scheme. The lessor will fund the cost of installing the solar technology with the school typically paying an initial small deposit and paying back the equipment cost over 15 years. According to Solarcentury, the scheme will mean that schools and local authorities own the equipment once the lease is repaid, "enabling local communities to benefit from the full Feed-in Tariff payments from year 15 to 25 of the scheme".

By Antonio Fabrizio

GE Capital has teamed up with solar company Solarcentury to provide financing to UK schools and local authorities via the Solar4Schools scheme.

The lessor will fund the cost of installing the solar technology – with the school typically paying an initial small deposit and paying back the equipment cost over 15 years.

According to Solarcentury, the scheme will mean that schools and local authorities own the equipment once the lease is repaid, “enabling local communities to benefit from the full Feed-in Tariff payments from year 15 to 25 of the scheme”.

The solar energy company established Solar4Schools in 2008 and has since competed more than 250 solar installations in schools in the UK.