To help save tenants and leaseholders money, every council estate in Islington, London will install solar panels after the go-ahead was announced. The rooftops will see photovoltaic (PV) installed, on council property for a 25 year period.
This however means that they seek a partner to help finance the costs, but they will receive a share of the money, made from the power, once they have been installed.
Councillor – Paul Smith (Labour) said, “The partnership will work by generating electricity to cut service charges for residents, raising money to tackle fuel poverty and making homes cheaper to heat.”
“It should be a win-win plan. Also, it will provide jobs and, importantly, at a time when we have hugely reduced budgets because of government cuts, it will not cost taxpayers.”
What are Solar Panels?
Solar Panels convert light into electricity, in which they are converted by a collection of solar cells. If lots of solar cells are grouped together, they will provide enough power to be useful, to either your home or business. Ideally the more light that is shone onto the solar cells will generate more electricity.
How Much Will You Save?
If you want to know how much you could save per year, Ploughcroft Solar, have a nice estimator. The Ploughcroft Estimator is not exact, but it gives you a rough guide to your savings. See http://www.ploughcroftsolar.co.uk/estimator.html
Who can provide the Solar Panels?
There are many solar panel companies out there, obviously you will use a local company, however Ploughcroft Solar, who have done the nice estimator are highly recommended.