Need Funding?
Everything You Need to Deliver Retrofit at Scale
Improving your homes to tackle climate change and fuel poverty is the right thing to do, but how do you pay for it and make it happen? Government grants play a pivotal role, but with an estimated £104bn required to get Social Housing to Net Zero, it’s simply not enough to deliver at the scale needed.
With our energy, finance, and retrofit expertise, we’ve developed a complete solution that allows you to plan, fund, and deliver large-scale retrofits.
What’s Included
A retrofit plan and business case for your board.
A funding solution that combines private finance, grants, and your budgets.
Resident engagement support.
A fair repayment method for all.
Legal, risk, and project support.
An energy billing service to help lower residents’ bills.
The Benefits
- Lower energy bills for your residents
- Reduction in upfront capital costs to you
- Ability to accelerate your retrofit programme
- Reduced carbon emissions and improved EPC rating
- Complete confidence with high-quality, fully compliant delivery.
How We Work With You
Delivering large-scale retrofit takes careful planning, financing, robust delivery, and long-term operation.
Our approach has been carefully designed to support you, your stakeholders, and residents every step of the way. We’ll work with you to make sure you implement the right strategy, find the right funding solutions, get everyone confident, and your project delivered and operating the right way.
Our Steps Together
We’ll take a sample of your homes, and complete a high-level assessment, to determine whether our Energy as a Service model could be a viable funding option for you.
Result: You can start the conversation internally and begin to get stakeholder buy-in.
We’ll help you select the right homes for the initial project and undertake a full financial modelling exercise and feasibility study to help build your business case.
Result: You’ll have all the information and support you need to get your stakeholders and board engaged and confident, and the business case signed off.
Once your project gets the green light, we’ll team up with your finance, legal, and procurement teams along with our partners, to shape the delivery of your project.
Result: From getting contracts in place and selecting your funder and payback model to setting up energy-as-a-service agreements with your residents, we’ll make sure everything’s ready to go.
Installation works commence, Sero provides design and validation support to ensure homes are retrofitted as quickly as possible and to the highest standards. We’ll also work with you and your installation teams to get your residents informed, comfortable, and onboard.
Result: Full confidence that your project has been delivered the right way, minimising risk, and unintended consequences.
Once the solar and PV panels are installed, we’ll start metering and billing your residents, saving them money on their bills and paying back your investment. An active monitoring and maintenance plan will commence, with Sero providing insights and alerts to ensure systems are working at their optimum.
Result: Well-serviced residents, monthly reporting, and maintained reliable equipment.
Our Equitable Payback Model
Install Solar & Battery
Into your applicable homes with metering technology that allows you to measure the electricity consumed.
Pay for the measures
Using your budgets / available funding and re-coup the investment to do more.
Access off-balance sheet finance using a private investor.
Generate a pay pack income
By charging your residents for the solar electricity consumed and using the batteries installed wisely and exporting back to the grid.
What It Means for Your Residents
Energy-efficient homes which are cheaper to run
We make sure your residents can live in their homes for less by providing a tariff that offers at least a 20% discount off the Ofgem price cap.*
*Discount only applies to solar-generated energy.
A great experience
From resident engagement support to billing services, we provide your residents with expert advice on tariffs and technology, ensuring they have a great experience.
Make it fair for everyone
With our community solar share model, you can share some of the income with residents who don’t have solar panels, giving them a credit on their bill.
We’re Doing It
Our funded retrofit solution was born from completing the Penderi Energy Project, the largest retrofit project of its kind in the UK. On behalf of Pobl, we’re currently billing their residents for their renewable energy and in doing so, we’ve learned many lessons that are now included in our solution.
