Solar panels installed on roof of Fairfield Enterprise Centre, Louth, could help to lower electricity bills, generate income and help lower East Lindsey District Council’s carbon footprint.
Solar panels installed on the roof at Fairfield Enterprise Centre, Louth, could generate nearly £234,000 of income through the Government’s Feed in Tariff subsidy scheme and savings on grid supplied energy over 20 years as well as reducing East Lindsey District Council’s carbon footprint.
It is expected the solar panels will generate 40,494 kWhs per year – the equivalent to approximately 68 per cent of the building’s electricity demand, with the potential for maximising additional income by exporting and selling any excess electricity back to the grid.
ELDC’s Portfolio Holder for Finance, Councillor John Upsall, said: “Solar panels are a great way of generating long-term income for the Council at the same time as helping to reduce energy bills. Where possible, these savings will also be passed on to the businesses that occupy the building. As well as generating income, it will also help reduce the Council’s carbon footprint which is very important.”
With a return on investment predicted to be about 15 per cent per year, it is expected that the scheme will pay for itself within six years.
Photovoltaic Panels can already be found on the roofs at the Meridian Leisure Centre and London Road Sports Ground, Louth; Embassy Swimming Pool and Embassy Theatre, Skegness; and Horncastle Swimming Pool, all leased to the Magna Vitae Trust for Leisure and Culture.