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NMBS goes solar powered

Independent merchant buying society NMBS has installed 8kWp LG solar panel system on their roof in Leicestershire.

NMBS goes solar powered

The 32 LG panels will generate between £1,200.00 and £1,500.00 a year in combined income and saved electricity.

The group has also set up a trading agreement for LG solar panels with Zenex Solar Ltd.

Managing director Chris Hayward, said: ‘Putting the solar panel system on our roof continues to show that NMBS is a forward thinking company. We are also pleased that our membership has access to the LG panel, which is a brand leading solar panel.’

Solar is the most widely accepted renewable technology in Europe, with an average monthly trade value of around £13m in the UK. The import market alone is estimated to be worth 21 billion euro ($28.08 billion).

Liz MacFarlane, sales director, Zenex Solar, Said: “Working with the NMBS is a great honour. We spent a long time ensuring we got everything right so merchants can simply pick up the phone and start to order panels or off-the-shelf kits. The LG Panel we will be supplying NMBS members is a world leading panel from a world leading brand”.

An example of the return from Solar

First Year:

  • kWp: 8kW

  • Income from Feed-In Generation Tariff @ 13.99p/kWh: £ 904.83

  • Income from exporting energy @ 4.64p/kWh: £ 195.07

  • Electricity Saving: £ 325.97

  • Total Benefit: £ 1,425.87

  • Total Profit Over 20 years: £ 39,532.55

  • 21.58 % per year (8.36% AER);

  • About Fiona Russell-Horne

    Group Managing Editor across the BMJ portfolio.

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