Solar panels are cutting bills by up to a third
Stephen Pound MP has visited the 50th household in his Ealing constituency to benefit from a pioneering initiative providing free solar energy.
The Clean Energy Programme by green services provider Eaga is being delivered locally with the London Borough of Ealing.
Resident Josephine Hopper has just had a 12-panel solar PV system installed through the scheme.
She told the Ealing North MP that as well as providing her with clean and renewable energy, the panels were also helping make significant savings on fuel bills.
She said: “I check the meter regularly and on a sunny day you really get to see how little you are paying for your energy. It really is worth having.”
The Clean Energy Programme utilizes the feed-in-tariff (FIT), introduced by the Labour Government last year, to fit solar PV panels for social housing residents. There is no cost to householder or the landlord for the panels – and the renewable electricity generated is free.
Residents with the panels are typically seeing savings up of up to a third or more on their energy bills.
Mr Pound said: “Being able to tap into free electricity through this scheme is a terrific boost for people looking to manage rising energy costs, and I applaud Eaga and the London Borough of Ealing for making low carbon living so accessible and affordable.”
Eaga has now installed more than 1,000 installs through the Clean Energy Programme and is working in partnership with seven social housing providers, and in advanced negotiations with a number of others.
It has also just announced a ground-breaking £300 million finance agreement with private equity partners to fund free installs for a further 35,000 social housing properties.
The business model works by providing Eaga and its investment partners with a 25-year income through the FIT.
12 April 2011