OUR FREE SOLAR OFFER
This offer is for a limited time - expiring on November 30th 2011.
Solar Communities have secured private investment funds, with a specialist mandate to invest directly in renewable energy assets. By combining our knowledge and experience of the Renewables market , we can offer a robust solution in situations where the owner of a suitable site may be concerned about committing their own capital to the (typically large) capital costs required for renewable energy generating systems and the possibility of future maintenance and system insurance costs. Solar Communities’s equity investments are to be made in a number of projects and pipeline development is already underway. Subject to the specific criteria which are detailed below, Solar Communities’s key and primary objective is to invest in ground and roof-mounted solar PV systems.
The Feed-in-Tariffs
The Feed-in-Tariff (FiTs) policy, which was introduced by the UK Government in February 2010 and took effect on 1 April 2010, is designed to promote the widespread deployment of small scale, on-site, renewable energy generation systems, which includes roof-mounted Solar PV systems.
The FiTs are payments (or tariffs) which are made to the ‘Generator’ for the renewable electricity they generate using eligible, low carbon, technologies. These tariffs were introduced by the Government to help increase the contribution of renewable energy in the UK towards the legally binding target of 15% of total energy by 2020.
The tariffs give 3 financial benefits:
1. a payment for all the electricity produced;
2. an additional payment for electricity exported into the grid; OR
3. a reduction on standard electricity bills by using the energy produced.
Our Offering
If you have already considered installing a solar PV system on your premises and subsequently decided that the capital outlay required was simply too much, then our proposition should be perfect for you.
If you haven’t yet considered installing a solar PV system on your premises, then we hope you find this brochure to be an exciting introduction to what is very likely a valuable opportunity for you.
In short, we will lease your roof-space from you in order to install a roof-mounted solar power generating system. We will cover all of the costs; from the cost of the equipment to the installation and take full responsibility for operation and maintenance of the system. In addition we will make available for your on-site consumption, all of the power generated by the system, free of charge for 25 years!
The Benefits to You
Under our scheme, you could enjoy the following benefits and
more: (figures are based on a 50KWp system located in SW
England)
Save up to £5,000 on your annual electricity bill
Cut your exposure to energy price inflation forever
Reduce your carbon footprint by up to 26 metric tonnes of CO2 per annum
Substantially improve your position under the Carbon Reduction Commitment
Lead the way in environmental sustainability
Zero capital outlay as we cover all costs
No responsibility for Insurance, Operation & Maintenance. We take care of this
You would be quite right to ask "Why would you make such an amazing offer at no cost to us?". Well, the answer is simple; as the owner of the solar PV system, we will qualify for the FIT's payments and - over the longer term - this income will cover our costs and make a good return for our fund.
The Alternative
If you would prefer to make the investment yourself, by purchasing your own solar PV system to install on your premises, then we would be happy to direct you to one of our many accredited suppliers and installers whom would be happy to help you.
The cost of a typical 50 KWp Solar PV system would be in the order of £145,000-170,000, fully installed and commissioned, with insurance, maintenance and inverter-replacement reserve costs of approximately £1,500-2,000 per annum
Site Specification
Sites must meet the following mandatory criteria:
Sites must be located in England or Wales;
Sites should ideally be commercial in nature although Solar Communities will consider private dwellings especially if
the building is a block of flats or similar;
Solar Communities must be able to engage primarily with the freehold owner of the building;
The available roof space must be flat or inclined with a southern aspect;
The size of the available roof space must be at least 70 square meters (excluding air
conditioning installations, skylights and other services);
Individual solar PV installation capacity requirements are as follows (per site):
i. 10 KWp; OR
ii. A minimum of 25 KWp to a maximum of 50 KWp
Type of Site
The sector categories of establishments of buildings which are suitable for Solar Communities’s mandate are, predominantly:
Schools;
Business Parks;
Leisure Centres;
Industrial Premises;
Data Centres; and
Universities
We will consider private dwellings.
Site Ownership
Existing landlord and tenant arrangements with regard to prospective sites are often an obstacle which affects the ability to install Solar systems on the roof-space of a building. Whilst we are certainly willing to explore such situations on a case-by-case basis, it is worth noting the relative simplicity in this context with regard to owner-occupied sites.
In addition, lender/mortgage charges on property would require the consent of the lender prior to proceeding with a roof mounted Solar PV installation. Again, we are willing to explore such situations on a case-by-case basis but situations where the property is un-encumbered are simpler to work with.
Information for Site Owners: The legal position
The purpose of this flyer is to demystify the legal issues involved with installing a solar pv system on the roof of your building. In order for us to proceed with the installation, we will need to take a lease over the part of the roof of the building over which we install the panels. Effectively you will be our landlord and we will be your tenant. This lease will also incorporate your right to receive the power generated by the solar panels for free and our right to receive the Feed-in Tariff income.
Your solicitor and the legal fees
Before signing a lease, we suggest that you ask your solicitir to read through the lease to ensure that you are happy to proceed.
As stated above, the lease details Solar Communities' right to the Feed In Tariff and you, as the client are entitled to ALL of the
electricity produced from the panels for the lifetime of the system as well as covering aspects such as insurance, maintenance,
rent etc.
Key terms of the lease
Upon request are the key commercial and legal terms of the lease. Your solicitor (whoever you choose to instruct) will advise you on these headline points as well as all the small print in the lease.
If You want to find out more or make an enquiry please call on:
0845 230 1953
or email
sales@solarcommunities.co.uk
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