Project Costing

It is important to build a realistic picture of the project’s costs and incomes as early as possible in the development process. Early negotiation with suppliers and finance lenders can help develop indicative costs which will allow communities to assess the viability of the project early on.

Project Costs Will Arise From

Project development and planning consent i.e. environmental surveys, consultancy work, planning report, ancillary costs for travelling to meetings etc.
Advice for, and setting up of, any trading company
Grid connection costs
Financing costs e.g. loan repayments, overdraft interest, accountancy advice
Insurance costs - for during construction and operation
Civil infrastructure costs
Operational costs –
- business rates
- land rental (if applicable)
- administration - staff salaries etc.
- non warranty service and maintenance
- warranty
- contingency

Project income will depend on the nature of your project but may come from:

Sale of electricity direct to users
Export of electricity to the grid via the Smart Export Guarantee
Renewable Heat Incentive

For further detail on planning and costing your renewable energy project, start with LES’ Project Finance Model and Project Plan tool.

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Zero Carbon
Communities Hub

Project Costing

Project Costs Will Arise From

Zero CarbonCommunities Hub

Zero Carbon
Communities Hub