Caplor Farm has just completed the installation of an onsite 9.72 kW solar photovoltaic (PV) system.
The system is projected to generate 8,103 kWh per year, and to deliver annual carbon savings of 4.6 tonnes.
The financial savings to the business are considerable, especially given the trend of rising electricity prices. It is expected that the new PV system will save Caplor Farm at least £850 off its energy bills each year.
Moreover, under the government’s new Feed-In Tariff scheme, the business will receive fixed payments of 36.1p for each unit of electricity the solar PV system generates, and an additional 3p for each unit it exports back to the grid. These payments are guaranteed for 25 years, and are designed to offer a return on investment of approximately 6-9%.
On top of the financial savings, the system will bring significant environmental benefits. Indeed, in 2009 Caplor Farm won the West Midlands C+ Carbon Positive Award for cutting its carbon footprint, and is currently hosting a graduate placement to explore how it can further reduce its carbon emissions.
The installation builds on the success of the onsite 15kW wind turbine, which was recently shortlisted for the 2010 national NEMEX Renewables Innovation Awards. Both the solar PV system and wind turbine have been supported by grant funding from RE:think Energy.
Inspired by the huge potential of renewable energy, Caplor Farm now offers a renewable energy installation service. Caplor Energy designs, supplies and installs renewable energy systems, specialising in solar hot water systems, solar PV and heat pumps.
Farm owner Gareth Williams commented ‘we want to make others aware of the benefits of sustainable energy. With the threat of global warming, rising energy prices and government incentives, now is the time to invest in renewables’.