Finance

 

At Earthmill we aim to make the whole process of buying, installing and running your turbine as painless as possible, therefore helping you to finance your turbine is an essential part of our service.

Small/Medium wind turbine projects can cost anything from £50,000 to £500,000 and many landowners and farmers do not want to tie up that amount of money in one project. However, with returns of up to 15 to 20% for sites with good wind, installing a turbine is a great way of reducing your bills and earning extra income, even if the project requires external funding.

Obviously every situation is different, but at Earthmill, if you own land with a good wind speed and are close to the grid, we have a solution for you.

 

Options:

  1. Outright Purchase – You pay for planning and the turbine. Earthmill do all the planning, installation and grid connection work. You take all the FITs and savings in free energy the turbine produces. Typically you will have a return on investment of 4 to 8 years.
  2. Outright Purchase with Secured Borrowing - You take a loan to pay for planning and the turbine. Earthmill do all the planning, installation and grid connection work. You take all the FITs and savings in free energy the turbine produces. The loan is secured against your property and you make interest payments out of the savings. Rates tend to be very competitive and terms can vary to suit your circumstances.
  3. Outright Purchase with Borrowing Secured on the FITs - You take a loan to pay for planning and the turbine. Earthmill do all the planning, installation and grid connection work. Typically this requires a 20% deposit and then the remainder of the loan is repaid using the FITs income. Depending upon your wind speed this will take between 5 and 8 years to repay the loan, thereafter the FITs income is yours. Throughout the life of the turbine you receive any electricity generated by the turbines.
  4. Land Rental – We pay for planning, installation and own the turbine and simply pay you a ground rent. We receive the FITs income.
  5. Reduced Price Electricity - We pay for planning, installation and own the turbine. We receive the FITs income. You receive reduced price electricity for the next 20 years

We have our own financial specialist who can advise on which option may be best for you and have a number of external funders who can make financing your turbine a painless process. To discuss your requirements, please contact us on 01937 581011.