This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. Find out more here.
X
MM+Cover+small+181214
Categories:Investments

RAM and Goldfield follow up solar EIS

  • Print
  • Comment

RAM Capital and Goldfield Partners have introduced a follow-up to the Goldfield Solar enterprise investment scheme, which closed in December having reached its £10m subscription target.

Sunlight Technologies gives investors who may have missed out on the initial solar EIS another bite of the cherry before April, after which it will no longer be possible to offer this type of EIS.

The new EIS invests in solar power through feed-in tariffs, which are Government incentives for individuals and companies to generate their own electricity using renewable energy such as solar power. They provide a fixed payment for each unit of electricity generated for 20 to 25 years, providing a predictable, long-term inflation-protected revenue stream for investors.  But from April, FITs will be ineligible for EIS tax relief. This follows a Government review on the back of concerns that firms were creating solar farms, exploiting subsidies in a way that was not intended.

In keeping with the original purpose of FITs, sunlight technologies invests only in solar panels that are already installed in residential properties through an agreement with A Shade Greener, an installer of solar panels to homes in and around Yorkshire. These systems were installed before December 12, 2011, which is the cut-off date for the highest tariffs. They are totally unaffected by the Government review and the recent legal proceedings over proposed cuts to future FITs payments.

The focus on existing solar panels minimises risks and benefits from higher tariffs than solar panels on new properties, so investor demand may be high because there will be no further opportunities to invest after April. However, returns are dependent entirely on the performance of the solar investments, which is not guaranteed.

  • Print
  • Comment

Daily Email Updates
If you enjoyed this article, sign up to receive the latest news and analysis from Money Marketing.

The Money Marketing CPD Centre
Build your annual CPD - you can log and plan your CPD hours for free with The Money Marketing CPD Centre.

Money Marketing Awards 2015
Put your firm forward as the leading practitioner in your field. Adviser and Advertising categories are open to entries - Enter Now.

Have your sayEdit my profile/screen name

You must sign in to make a comment

AXA Wealth


Fund Data

Editor's Pick



Poll

Will providers be forced to pay out compensation over annuity misselling?

Job of the week

Latest jobs

View all jobs

Most recent comments

View more comments