We are delighted to announce that Brixton Energy Solar 2 has been successful in its application for the Seed Enterprise Investment Scheme (SEIS). This means that if you are a UK taxpayer you will be able to claim back 50% of your investment as a tax deduction in year one!!
Our focus has always been on the social and environmental benefits of our projects, but it is great to able to offer our co-operative members such a good return on their investment.
Indicative return
| 3%
dividend per year |
50%
tax relief via SEIS in year 1 |
+ 1%
per year raised for the CEEF |
We estimate that the project would provide an average annual return on investment of approximately 3.05% and additionally you will be able to claim a 50% lump sum tax deduction in year one.
Illustrative example
| Initial investment: | £1,000 | ||
|---|---|---|---|
| Tax relief year 1 (via the SEIS scheme): | £500 | ||
| Dividends over 20 years: | £600 (£30 per year * 20 years) | ||
| Return of initial investment after 20 years: | £1,000 | ||
| Total returns over 20 years: | £2,100 | ||
| In addition your investment will enable: | Contribution to the Community Energy Efficiency Fund: | £200 | |
The figures above are for illustration only. We recommend you read the accompanying Share Offer Document.
You can apply for shares now using our online form.
Find out more
If you have more questions about the project why not come along and meet us? Brixton Energy is having a fundraising party for our Solar 2 project tomorrow (Tuesday, 16th October 2012)!
It will be held at the:
Electric Social 40 Acre Lane, London, SW2 5SP
between 7-10pm.
All are welcome. Lovely canapés and drinks will be served:
- Become a Brixton Energy Co-op member and be a part of it!
- Hear the story of local residents and people working on the project.
- Find out how your investment will help the local community.