Developers & Commercial – Benefits and Funding

BENEFITS & FUNDING

Renewable Technology Benefits

As a responsible developer and commercial business, we all aim to deliver renewable energy projects that deliver local benefits, helping to bring investment to the local economy, and enhancing the natural environment to leave a positive legacy for years to come.

Generation projects should ensure that careful planning and understanding of the technologies and any impacts these have on the local and global environment.

  • We would encourage our partner developers to foster relationships with businesses, private homeowners and those communities closest to any proposed site and, where possible, to consider alternative suggestions should there be any conflict.
  • To promote developments, deliver investment in the local area either through community funds, charity work and support including direct investment from OPC.
  • To explore opportunities to ensure that the greatest possible number of people can benefit from that development.
  • Look to develop bespoke bio-diversity action plans to create, enhance and improve habitats, restoring ecosystems and allowing wildlife to thrive for years to come.
    We also want our projects to provide opportunities for local business. So we use local contractors and other suppliers wherever possible during the construction of solar farms.
  • We would encourage our partner developers to foster relationships with businesses, private homeowners and those communities closest to any proposed site and, where possible, to consider alternative suggestions should there be any conflict.
  • To promote developments, deliver investment in the local area either through community funds, charity work and support including direct investment from OPC.
  • To explore opportunities to ensure that the greatest possible number of people can benefit from that development.
  • Look to develop bespoke bio-diversity action plans to create, enhance and improve habitats, restoring ecosystems and allowing wildlife to thrive for years to come.
  • We also want our projects to provide opportunities for local business. So we use local contractors and other suppliers wherever possible during the construction of solar farms.

Benefits for Businesses

With the continuously increasing demand for electric power, the significantly high price of oil and the growing concern for the environment, many businesses are resorting to alternative sources of energy. Among the renewable energy sources, solar energy is a sustainable choice and one that can be used in various applications. Many businesses are now tapping into this alternative source of energy, hoping to benefit from its numerous advantages.

Reduced Operating Costs

Solar power systems will reduce or even eliminate your office building’s electric bill. For big and small businesses, this money savings can have a tremendous impact. Having a solar power system installed is the equivalent to prepaying for almost 40 years of energy, but at just a fraction of what you are currently paying for electricity. The cost per unit of your current energy costs is likely much higher than what you would spend for solar power. This results in further savings for your business.

Excellent Return on Investment

Government incentives and the decrease of solar equipment costs means the utilization of solar power is a sound investment and a good financial decision for public agencies and businesses. Investing in solar power generates both long-term savings and quick payback.

Feed In Tariffs

Related Link – Energy Savings Trust

http://www.energysavingtrust.org.uk/renewable-energy/electricity/solar-panels/feed-tariffs

Solar Energy Calculator

http://www.energysavingtrust.org.uk/scotland/tools-calculators/solar-energy-calculator

MCS Accredited & Feed In Tariffs (FIT)

The Feed-in Tariffs (FITs) scheme is a UK Government scheme designed to encourage uptake of a range of small-scale renewable and low-carbon electricity generation technologies.

Under FITs, you could be paid for the electricity you generate if you install or have installed an eligible system like solar PV, a wind or hydro turbine, or micro CHP.

How much could I receive through FITs?

If you are eligible to receive FITs payments you will benefit in three ways:

  • Generation tariff: your energy supplier will pay you a set rate for each unit (or kWh) of electricity you generate. Once
    your system has been registered, the tariff levels are guaranteed for the period of the tariff (up to 20 years) and are index-linked.
  • Export tariff: your energy supplier will pay you a further rate for each unit you export back to the electricity grid, so you can sell any electricity you generate but don’t use yourself. At some stage smart meters will be installed to measure what you export, but until then it is estimated as being 50 per cent (75 per cent for hydro) of the electricity you generate (only systems above 30kWp need to have an export meter fitted, and a domestic system is unlikely to be that big).
  • Energy bill savings: you will be making savings on your electricity bills because generating electricity to power your appliances means you don’t have to buy as much electricity from your energy supplier. The amount you save will vary depending how much of the electricity you use on site. Learn more about renewable electricity.