Sharing the Feed in Tariff in a fair and equitable way
The Government’s Feed in Tariff (FiT) introduced in April 2010 pays generators for the electricity produced from renewable technologies such as Photovoltaics (PV).
Community Energy Solutions, working in partnership with another social enterprise, Empower Community, will fully fund PV installations onto public sector buildings and social housing roofs and share FiT with the roof owner.
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The Big Picture Indicative Average Annual Financial Flows Based on 2kWp Array PROPERTY OWNER CES Supply, Install & Operate LOCAL COMMUNITY VEHICLE ENERGY COMPANIES PROJECT ASSETS TOTAL OPERATIONAL COSTS: £140 INVESTORS: £455 LICENCE PAYMENT TO ROOF OWNERS: £35 PROFIT SHARE TO LCV and PROPERTY OWNER: £70 £700 FEED IN TARIFF PAYMENT PROOF OF GENERATION PROJECT SPV EMPOWER COMMUNITY FUND
Benefits and savings
What are the social and financial benefits?
Free of charge electricity for tenants/occupiers
Financial payment is made to LA/social landlord for no capital costs
£35 per year per roof donated to a local charity
How does your innovation reduce carbon emissions?
Produces carbon free
Carbon emissions avoided
are 0.537kg per kWh
Model can be further
developed with the
proposed Renewable Heat
Signed heads of terms agreements with a number of roof owners
In discussions with a further 25 local authorities and social housing providers in the North East and Yorkshire and Humber
Measures of success
What would most help your project to develop and grow?
A greater awareness of the Government’s Feed in Tariff
An investor to part fund the development costs going forward
What are the biggest challenges or questions for your project?
Funding development, building relationships and signing contracts