B2L firm expands into energy market
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Buy-to-let brokerage the Minel Group has launched Minel Energy to take advantage of opportunities in the renewable energy sector.
The business is built around the government’s Clean Energy Cash-back scheme which was introduced in April and offers a guaranteed yearly income for home owners who install solar panels.
Minel Energy has received official authorisation from the government-backed Microgene-ration Certification Scheme after a six-month accreditation process.
John Wade, sales director at Minel Energy, says that a typical investment in solar photovoltaic panels on a home would cost around £10,000 but gives an annual cash-back of around £1,000, which is tax-free, index-linked and guaranteed by the government for 25 years.
Minel will accept referrals from brokers and pay a £500 referral fee for introductions that result in installations.
Wade says: “Brokers can create an extra income stream by recom-mending an investment that will produce an index-linked, tax-free income guaranteed for 25 years.”They are forever being encouraged to diversify but this has meant little more than selling insurance or conveyancing. Brokers should be looking to sectors with real growth potential.”
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