Monday 19th December 2011 - Published by Lara Page - Account Manager

Eco2solar sees Fourfold Increase in Solar Panel Installations to Beat Tariff Deadline

West Midlands renewable energy firm Eco2Solar has pulled out all the stops to commission more than 200 domestic solar PV installations qualifying for the 43.3p feed in tariff rate before the deadline announced by the Government in October.

The company generally handles around 50 installations per month but in the six weeks between the announcement and the deadline, the number of domestic projects rose to 200.

The announcement that the tariff – which is paid to householders for every kWh of electricity they generate from solar panels – was to be more than halved from 43.3p to 21p for installations registered after December 12th prompted a flurry of enquiries and orders at the Kidderminster company, which geared up its operation to install and commission as many as possible during the six-week window before the deadline expired.

These, together with the commercial projects completed by Eco2Solar during the period – which included installations for Stratford upon Avon hospital, a new social housing development at Russell’s Hall and the Dudley and Midlands Arts Centre (MAC) in Birmingham – mean that Eco2Solar was responsible for the installation of over 3,000 solar panels representing 700kW of energy in the six weeks from October 31st.

This is the equivalent of over 300 tonnes of CO2 annually – or the equivalent of planting 1,500 trees every year. It is estimated that householders and building owners will earn nearly £200,000 between them in FiT (feed in tariff schemes) every year.

The achievement was a complete team effort, said Eco2Solar managing director Paul Hutchens.

“Since the fee in tariff scheme was announced, it has been a very busy period for everyone at Eco2Solar and this could not have been achieved without the hard work and dedication of the entire Eco2Solar team,” he said.

“It’s important to realise that whilst the old 43.3p FIT gave customers an excellent return on their investment, Eco2Solar have already put together an offering for the new 21p/kWh FIT rate proposed by the Government in a recent review of solar subsidies.

“The new offering will provide an average 10% return on investment for new purchasers, alongside an average 10 year payback period*, making it a fantastic investment opportunity.”

Stratford Hospital

Stratford Hospital