Independent Nottingham builders merchant John A Stephens has taken advantage of the Feed-In-Tariff scheme to install 441 solar photo-voltaic panels on its roofs.
The panels, at John A Stephens’ Castle Meadow Road premises, could make the merchant around £27,000 a year better off. As well as cutting energy bills by nearly £4,000, the panels will generate electricity which will be sold back to the National Grid under the Feed-In-Tariff scheme.
Managing director Peter Stephens already has solar panels at his home and told This Is Nottingham.co.uk that he had been considering using solar photo-voltaic for the last five years. “It was the Government’s recent introduction of the feed-in tariff that made it financially viable,” he said.
The panels will also reduce the company’s carbon dioxide emissions by 39,498kg a year.
The investment will be paid back in 10 to 12 years through the tariff scheme, which pays homeowners 41.3p per unit of electricity (kWh) generated.
The installation was managed by Nottingham-based solar installation company EvoEnergy.