ESOS

Investment into LED lighting and Solar PV systems can be funded by the Blazes Renewables Energy Efficient Finance scheme.

This scheme provides finance on a lease purchase programme where no up-front payment is required and repayments are made from the savings made from the technology installed.

What is ESOS?

ESOS is the Energy Savings Opportunity Scheme introduced by the Department of Energy and Climate Change (DECC). ESOS is a mandatory obligation to every business with a turnover of 40 Million Euro or employing more than 249 persons. This affects individual businesses and groups of connected businesses who together meet these criteria.

In a nutshell ESOS is a punitive scheme for businesses which fail to reduce their energy consumption and Carbon Footprint. The financial penalties are not insignificant. Failure to submit the Energy Report by 5th December 2019 will result in a £5,000.00 fine and an ongoing daily fine of £500.00 until the Report is submitted, up to a maximum of £85,000.00.

There are many ways in which a business can reduce its production of Carbon but none are as simple and cost effective as investment into LED and SOLAR PV. These technologies are considered to be the “Low Hanging Fruit” opportunity.

In consequence many companies can benefit from our services, not least of which is our free Energy Audit which will help identify areas in their businesses where the most cost effective reduction in energy costs and Carbon reduction can be made.