Projects must deliver both CO2 and revenue benefits and, in line with the Salix objective, must offer long term CO2 savings. For example, a cavity wall insulation project will deliver CO2 savings far more consistently over a very long period compared to discreet user adjustable heating controls which tend to diminish after just a few years. Domestic and transport projects are not covered by the scheme since they are covered by other Government schemes.
To ensure that the fund is used for projects that deliver long term energy and CO2 savings, all compliant projects must be prioritised on the basis of their capital cost per tonne of CO2 saved on a lifetime basis (£/tCO2LT2).
Projects must comply with the following criteria:
Maximum 5 year payback period and £100/tCO2 lifetime basis, for energy efficiency projects;
or Maximum 7.5 year payback period for projects with lifetime £/tCO2 =<£50, for approved energy efficiency and renewable projects.
Projects must be identified as being additional.
Technologies and project types
We appreciate that our model provides real focus for ‘high carbon saving’ projects with the robust rules of 5 year payback and £100/t CO2 LT. However our experience to date confirms that many technologies can fall within these parameters, key examples:
BMS – bureau remotely managed
Boilers – controls & replacement
Heating – controls, distribution improvements, electric to gas, pipework insulation
Hot water – point of use heaters
Insulation - Building Fabric such as cavity wall & loft
Motor controls – fixed & variable speed
Office equipment improvements
Radiator reflective foils
Swimming pool covers – liquid, manual & motorised
Where clients express an interest for new technologies to be considered, we are happy to receive material and in some cases pilot projects so that we can evaluate and incorporate them into the fund, recent examples are:
Office equipment – network PC power management and Blade Server technology
Salix Finance Ltd is a not for profit company limited by guarantee and registered in
England and Wales
under Company
number
5068355
with its Registered Office at 65 Kingsway, London WC2B 6TD