Local Authorities And Housing Associations
By becoming a partner of North Star Solar, local authorities and housing associations are able to provide HEMS to households in their portfolios.
The benefits of becoming a partner are:
- No costs to local authority and housing association partners
- No costs to end-users
- End-users save minimum 20% on electricity costs
- Those suffering fuel poverty save more
- Solution for Digital Inclusion
- No form of lease or license required
No requirement for procurement
- Profit sharing
- Highly experienced in implementation
- Carbon reduction savings
HEMS was built to be entirely viable without any form of government subsidy, requiring no financial outlay by end-users. The financial model has been validated by Deloitte, who also manage our partner aggregation.
Our current business partners are:
Legal – Pincent Masons
Finance – HSBC
Partner aggregation – Deloitte
Principal Contractor – Solgain UK
North Star operates a radically different model from others in this sector, based on partnerships, cooperation and profit sharing. We remove all profit leakage by excluding middle-men and maintaining a tight control on costs. The emphasis is on maximizing efficiencies rather than front-end profits.
Equipment and installation costs, capital expenditure or capex, is amortised to zero over the term of the 23 year contract, using an innovative financing model that optimises the cost of capital that leverages the lowest available cost of debt, rather than the traditional equity-based financing model. North Star’s profits are realised alongside customer savings and shared with its partners.
North Star is targeting all roofs types; private residential, private and socially rented. Those already fitted with PV will be offered a retrofit battery-only solution.
For information, please contact Paul Massara, firstname.lastname@example.org