New research proves impact of Salix Finance on energy efficiency in public sector
Concept Energy welcomes a new report by the UCL Energy Institute that finds ‘between 72% and 92% of energy efficiency projects would stall’ without Salix funding.
Salix financing enables public sector organisations to improve their energy efficiency and reduce their carbon emissions. It provides 100% interest-free capital for the installation of energy efficient technologies.
Salix estimates its interest free loans have delivered over £375 million in savings, with predicted lifetime financial savings of over £1.4 billion and 7.4 million tonnes of carbon savings from funded projects.
Responding to the question: “Prior to applying for Salix finance, had you considered any other sources of finance for your project(s)?” 61% of respondees told UCL no other source of funding was available.
UCL’s research argues capital in the public sector is limited, with many competing demands on capital programmes. This is acting as a barrier to investment in energy efficiency and carbon reduction.
Here at Concept Energy, we welcome any news that can help incentivise and grow crucial UK public sector energy efficiency.
However, it is important to remember that there are still massive opportunities for energy savings to be made in the public sector. Even greater uptake of SALIX funding is needed.
We encourage organisations to talk to us about the best path forward. We are able to advise on the most appropriate technologies – and where the quickest financial returns can be made.