FAQs

Solar FAQs

Who are UrbanVolt?

UrbanVolt are a leading provider of affordable, clean solar energy in the UK and Ireland. We offer fully funded, clean energy solutions, with over 400 projects build and under operation across the UK, Ireland, USA, and continental Europe. Our flagship solution is Solar-as-a-Service.

What is Solar-as-a-Service?

UrbanVolt’s Solar-as-a-Service offering provides your customers with access to rooftop solar installations without any upfront costs or complexities. We work with EPCs to handle the cost, design, installation, and maintenance, allowing the customer to pay only for the energy they use from the solar panels.

What is the value in partnering with you vs just arranging a loan for the customer?

With a loan, the customer must take on debt and commit capital. With Solar as a Service, there’s zero capex – they just pay for the clean energy they use. Payments are tied to the actual energy generated, so costs always align with savings. Therefore, we are incentivised to maintain the system’s performance for the contract term.

What is a PPA and how does it work?

Solar-as-a-Service is contracted under a Power Purchase Agreement (PPA). A PPA is a long-term contract between a power producer (UrbanVolt) and a customer to buy electricity at a fixed price.

How is UrbanVolt’s PPA different?

UrbanVolt uses a less onerous form of the Power Purchase Agreement (PPA) model, where the customer only pays for the energy they consume from the solar system. The rate is generally lower than traditional utility costs, offering immediate financial savings.

What are the contract lengths and rates?

UrbanVolt contracts typically range from 10 to 25 years, providing stability for the customer by locking in fixed, guaranteed rates that are targeted at 30-40% savings vs grid.

What happens if the customer moves or sells the property?

UrbanVolt’s contracts are transferable to the new property owner or tenant. This allows flexibility for businesses that may relocate or sell their property during the contract term.

Many of my customers lease their properties. Are they still eligible?

Absolutely. We actively collaborate with landlords to highlight the advantages of Solar-as-a-Service. Our fixed rates reduce energy costs and the installation of solar boosts the EPC rating of buildings, making properties more appealing to prospective buyers, tenants, and landlords. We can also align to a customer’s lease length.

Are there particular segments where Solar-as-a-Service works best?

UrbanVolt primarily services mid-large I&C customers. Installations over 100kWp with high self-consumption are ideal for Solar-as-a-Service. Example industries include manufacturing, food and beverage, and agriculture. Of course, UrbanVolt can assess the viability of a customer during qualification.

How do you fund projects?

We’re backed with £40m project funding from HSBC to expand our project portfolio. We also hold the financial security of being part of Verdane – one of Europe’s leading sustainability funds.

What size of projects do you fund?

We fund projects of 100kWp up to 3MW for I&C customers.

Are there any specific credit requirements?

The end customer requires a credit score of 75 or above on Experian. Failing this, we would look to explore alternate contracting entities or a parent company guarantee.

Can I bring you deals that are already in late-stage design?

Yes! We would simply need to validate design, yield, and adherence to our funding checklist.

How do I track my deals?

You can track your deals through the UrbanVolt partner portal. We’ll send you updates as your lead progresses.

What geographies do you work in?

We partner with EPCs in both the UK and Ireland. If you’re located elsewhere in Europe, we’re happy to consider this on a case-by-case basis.

UK
10 Stratton St
London
W1J 8LG
United Kingdom

EUROPE
9 Appian Way
Ranelagh
D06 EA31
Ireland