Peterborough City Council to 'punt' £4 million of public money
20 year roof 'lease' contract
Up to £200 worth of energy per year ie not a cash payment ie with inflation deal reduces in value year on year
£100 paid every fifth year, again inflation will erode value.
Initial trial: Scheme to be trialled in the areas of the city which forms part of the Green Deal Community Fund - Bourges Boulevard, Clarence Road, Cromwell Road, Crown Street, Dogsthorpe Road, Eastfield Road, Gladstone Street, Harris Street, Lincoln Road and St Paul's Road.
Mortgaged properties (especially those with less than a 20 year mortgage) will need to obtain permission from their mortgage company.
Installation may hinder any sale before the 20 year term is up, and affect validity of property/home insurance
Scheme run by a Limited Liability Partnership ... might not be around in 20 years time?
First Empower Community area-wide solar PV scheme set to kick off in Peterborough has now been approved by Cabinet
Council set to spearhead solar scheme for residential homeowners
A pioneering new scheme which will offer owners of residential homes in Peterborough the chance to have solar panels installed on their properties is being considered by Peterborough City Council.
At a meeting on Monday 15 December 2014, Cabinet members will be asked to approve the council entering into partnership with social enterprise Empower Community Management LLP, to deliver solar panels on private properties in the city.
If Cabinet agrees the proposals, it will be the first scheme of its kind in the country.
Under the scheme, property owners would benefit from in the region of £200 worth of free energy each year generated by the solar panels and a one-off payment of £100 every five years for their participation in the scheme.
A community fund would be established out of a percentage of the money the scheme generates. Based on an assumed take-up of 1,500 properties, the fund could total around £1 million over the 20 years of the scheme.
In addition, the council would also expect to generate in the region of £1million during the same period.
The proposal is for the scheme to be trialled in the areas of the city which have formed part of the Green Deal Community Fund - Bourges Boulevard, Clarence Road, Cromwell Road, Crown Street, Dogsthorpe Road, Eastfield Road, Gladstone Street, Harris Street, Lincoln Road and St Paul's Road.
If the scheme is successful in these areas, then it will be rolled out to the remainder of the city.
If Cabinet approves the partnership with Empower Community at its meeting on 15 December, residents in the trial area will receive more information about how to find out more and sign up.
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