Funding for solar panels on two Louth council buildings is secured

Louth's Meridian Leisure Centre, one of the proposed buildings for the solar panels.
Louth's Meridian Leisure Centre, one of the proposed buildings for the solar panels.

FUNDING for solar panels on two Louth buildings has been secured by East Lindsey District Council.

The Meridian Leisure Centre and London Road sports pavilion have both been earmarked for the project.

The council wants to install panels on five buildings in the district overall.

And despite a cut in the Government subsidy for such projects, the district council say the plan remains on budget.

The buildings are the two most power hungry in the council’s Louth portfolio.

The electricity will help to power the two buildings and any excess will be fed back into the National Grid earning the council an energy tariff.

The actual costing for the project will be worth £380,000 with a payback period of ten years and a £873,429 return after 25 years, reflecting the proposed reduction in Government feed-in tariffs.

If the applications are approved then energy could begin to be created by April 2012.

Portfolio holder for finance at the council, Coun John Upsall, said: “Energy prices have soared in recent years and we have to be innovative in addressing this issue. It will also mean we significantly reduce the impact our leisure centres have on the environment.”