With renewables now contributing 12% of electricity capacity in the UK, many farmers have already realised that solar power offers an ideal solution to combat rising electricity prices and reduce CO2 emissions, whilst making an 18-20% return on investment. With no moving parts, PV is one of the simplest, most reliable and cost effective technologies - so why not make use of that barn or dairy roof or field to profit from the renewables revolution?
A study by Barclays Bank found that one third of British farmers are already planning on investing in renewables and with the NFU encouraging farmers and growers nationwide to diversify into renewable energy now is a better time than ever. As Jonathan Scurlock, chief renewable energy adviser to the NFU, recently said: "The NFU has been encouraging farmers and growers nationwide across all sectors to diversify into renewable energy for the past few years, but we are amazed at this level of uptake already."
Harvesting the sun may be new to you but here at 1 World Solar we understand that investing in a new technology may be a daunting prospect and that's why we want to provide you with all the information you need to make an informed decision on what's best for your business.
Here are two typical examples of how PV can benefit you:
A 10 kWp system costing around £11,000* will earn a 25 year tax free profit of £49,172, which is an incredible rate of return of 20.4%.
A 50 kWp system costing around £50,000* will earn a 25 year tax free profit of £177,551, which is an incredible rate of return of 18.4%.
* At current prices and for VAT registered farms.
Every project is different and we would love to help you maximise the value of your existing buildings or underused or hard-to-farm areas of land by producing your own green energy.
If solar PV is not the right technology for you, we also offer a wide range of other alternative technologies including biomass boilers, solar thermal, heat pumps and wood burning stoves.