Sun to net HA £260k
Published by Max Salsbury for 24dash.com in Environment and also in Housing
solar panels orbit
A housing association is set to make £260,000 from the Sun over the next 20 years after installing a huge solar panel array on one of its offices.
The energy generated by the 200 panels Orbit Group has placed on its Coventry base should cover the £60,000 installation cost within six years.
An income of £140,000 will be generated by the government feed-in-tariff (FIT) while the remaining £120,000 will come from energy savings.
Solar panels have also been fitted on three Orbit supported housing schemes, as well as existing and new build homes.
Looking at ways to reduce fuel poverty forms part of Orbit’s sustainability strategy and the panels will provide data and education about renewable energy technology.
John Barnham, Orbit's head of sustainable investment, said: “We’re committed to finding affordable energy and tackling fuel poverty for our customers. Solar PV will be considered as part of a blended mix of funding opportunities in addition to ECO funding, to help Orbit achieve a higher energy efficiency rating across its housing stock by 2020.”
Geoff Dawson, sales manager at Alumet, the firm that fitted the panels, said: "We are very happy to be able to contribute to Orbit's sustainability objectives through this 50kWp solar PV system that was designed, supplied and installed by Alumet.
“Solar PV is an excellent way to protect your home or business from rising energy costs and we welcome the opportunity to assist Orbit in securing a more affordable and less carbon intensive source of electricity for the next 20 years and beyond."