Solar Battery Storage Finance

Finance your solar battery storage unit

Whether you're looking to reduce energy costs, improve sustainability credentials, or generate revenue through grid services, new and used battery storage units represent a significant capital commitment that many businesses can't fund from cash reserves alone.

Our renewable energy finance team works with a wide panel of funders, including those with real appetite for emerging technologies. We can arrange hire purchase agreements as well as finance leases, or refinance assets you've already taken delivery of, we can structure a deal that works for a range of UK businesses and their cash flow.

We can also help with finance for related energy assets including solar panels, EV charging infrastructure, and heat pumps.

What is solar battery storage system finance? 

A solar battery storage system captures surplus electricity generated by solar panels and holds it for use at a later time. Rather than exporting unused energy back to the grid, businesses can store it on site and draw on it during periods of peak demand or when solar generation is lower, such as in the evening or on overcast days. 

For businesses that have already invested in solar PV, adding a battery storage system can significantly improve the return on that investment by reducing reliance on grid electricity. For UK businesses both solar panels and storage together, the combination offers a more complete route to energy independence and lower long-term operating costs. 

The upfront cost of a commercial battery storage system can be considerable, depending on the capacity required and the complexity of the installation. UK Business Finance can arrange a finance agreement for the purchase of solar battery storage equipment, giving businesses a way to acquire the technology without committing a large amount of capital at once. 

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Benefits of solar battery storage system finance 

Preserving cash reserves: Acquiring a commercial battery storage system outright requires a considerable upfront commitment. Financing the purchase means the cost is met through a series of regular monthly repayments rather than a single lump sum, keeping cash available for the ongoing costs of running the business and reducing the financial impact of the investment at the point of purchase. 

Unlocking value through refinance: Where a business owns energy assets outright, asset refinance provides a way to convert that equity into usable capital. The equipment is sold to the funder and leased back, with the business continuing to use it throughout the agreement. A substantial portion of the asset's value is received upfront, and ownership transfers back to the business once all repayments are complete. 

Clarity over monthly commitments: Because repayment amounts and dates are fixed at the start of the agreement, there are no surprises over the course of the term. Businesses can account for the monthly cost in advance, making it easier to manage outgoings and maintain a stable picture of their financial commitments throughout the agreement. 

Investing in higher-capacity systems: Battery storage technology continues to develop rapidly, with newer units offering greater storage capacity, faster charge and discharge rates, and more sophisticated energy management features. Finance enables businesses to invest in higher-specification systems than might not otherwise be affordable, improving the overall efficiency and output of their energy setup. 

A structure built around your circumstances: The terms of a finance agreement can be adjusted to reflect the individual financial position of the business. This ensures that the finance facility can comfortably sit within the business's cash flow, making the agreement sustainable from start to finish. 

How we helped a hire company with a battery storage unit

A Yorkshire-based hire company came to us after taking delivery of a substantial battery storage installation. Having already received the units, they needed to put a finance structure in place quickly.

The core problem was that battery storage is still considered emerging technology by many lenders. The company was being offered deals with sizeable deposits or repayment terms far shorter than they needed.

Using our panel of specialist funders, we were able to secure £2,000,000 in hire purchase finance with no deposit required, spread over a five-year term. We also arranged a three-month VAT deferral, giving the client breathing room during the early months of the agreement.

Apply for solar battery storage system finance

UK Business Finance is a commercial finance broker that can draw on relationships with a diverse panel of lenders to present funding options that are tailored specifically to your business circumstances.  

What we offer: 

• A free quote in 60 seconds
• Connections to a wide panel of lenders, carefully reviewed to identify the right financial fit 
• Our team draft and manage the full application with the lender 
• Considerable experience in the finance industry 

To learn more about solar battery storage finance for your business, speak with our finance team today. 

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Our team of finance experts can provide industry-leading advice on finance options to suit a range of different scenarios. Call the team on 0808 301 0624 or Contact Us