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.
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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.
Antonio Fabrizio
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