Funding is provided as an Interest-Paid Operating Lease which is compliant with the Academies Financial Handbook. The new initiative will enable qualifying schools to access 0% funding alongside a 7-year maintenance-free solution.
The fund will run in parallel to the government’s new Salix (SEEF) funding window – essentially enabling schools to be guaranteed a zero capital, interest paid switch to LED lighting.
This is an interest free loan that is repaid from the anticipated energy cost savings. 100% of the savings are withheld for the schools General Annual Grant (GAG) each year until the loan is repaid.
Savings must repay the loan within 8 years, if not the school would need to subsidise the bid.
The maximum loan value that can be requested from the DfE for an application is £200,000. SEEF applications can be part-funded if they exceed this value.
The success rate is less than 10%, while the bid process is takes from 6 – 9 months.
We carry out a free, data-driven analysis of your lighting to assess your current energy consumption and lighting levels.
Within 2 weeks we will present a detailed proposal outlining our proposed LED solution & your projected savings.
We switch your inefficient lighting to efficient, high quality LED lighting with no disruption to your day-to-day operations.
You pay a fixed monthly fee out of your savings, and your lighting is fully maintained at its optimum level for a 5-7 year term.
“eLight provided a turn-key solution to replace our sports hall, drama and squash court spaces, not only were they very cost competitive but the installation team worked quickly and professionally providing us with a seamless installation.”
“On its own it’s a small step, but we are teaching our students something of the value of making sound environmental choices. It is particularly helpful that in doing so we are also saving money for the school.”
“eLight provided an excellent lighting solution for our school, replacing our old, tired and costly-to-run lights with no upfront cost. have commented that the new lighting is much better and it has really improved the classroom environment.”
“The environmental agenda is being driven by children all over the world. Our students are part of the generation that are taking leadership and demanding change. We are delighted to enter this new partnership with eLight!”
“We have noticed huge benefits since we switched to LED lighting with eLight. Not only are our lights great quality but eLight have enabled us to start meeting our climate change objectives”
“All schools are under significant pressure to reduce costs. It is not often that we can do that while improving the learning environment for our students. Our partnership with eLight is now delivering real benefits for our school.”
“People joke about keeping the lights on, but we were genuinely astonished at the cost involved in lighting our school. When we met with eLight, they showed us that with LED lighting our cost would fall to under €4,500. They reduced our energy use by 70%.”
“Like all schools we have to identify funding where we can. Normally, to get these kind of improvements you have to be able to pay a big lump sum up front, that simply isn’t an option for our school, or most schools. Every penny is carefully watched and spending is prioritised. This was excellent, we were installing a system that would not only save us money for the next 15 years, it would actually release cash to us in year one.”
“We are trying to instil certain values in our students. One of those is a concern for the world in which they live. There is a strong environmental consciousness among the student body and they were very much on board with the initiative. On its own it’s a small step, but we are teaching our students something of the value of making sound environmental choices. It is particularly helpful that in doing so we are also saving money for the school.”
Schools across the UK and Ireland are using eLight’s Light as a Service model as a cost-efficient, environmentally friendly solution to lighting. Hear more from them…
|Carbon reduction per year||77 tCo2|
|Year 10 NET saving||£635,840|
|Carbon reduction per year||48 tCo2|
|Year 10 NET saving||€70,780|
|Carbon reduction per year||16.6 tCo2|
|Year 10 NET saving||£84,915|
|Carbon reduction per year||67 tCo2|
|Year 7 NET saving||£201,095|
|Carbon reduction per year||30 tCo2|
|Year 10 NET saving||£148,724|
|Carbon reduction per year||19.9 tCo2|
|Year 10 NET saving||£128,723|