Newspaper article The Journal (Newcastle, England)

Handing You Power - Solar Photovoltaics Offer You Clean Energy and the Opportunity to Make Money; ADVERTISEMENT FEATURE

Newspaper article The Journal (Newcastle, England)

Handing You Power - Solar Photovoltaics Offer You Clean Energy and the Opportunity to Make Money; ADVERTISEMENT FEATURE

Article excerpt

MANY businesses and householders across the North East are already reaping the rewards of being paid to generate their own electricity and by selling back any excess electricity they generate to the National Grid.

Award-winning Colman's Fish Restaurant in South Shields is one such business. Owner Richard Ord has invested in Photovoltaic (PV) panels to generate electricity for his shop. He said: "This is a great business decision for me, by generating my own electricity I can save about pounds 1,500 per year for the next 25 years and the cost of the equipment will be paid for in 10 years, as well as increasing the environmentally- friendly nature of the business which is something that is important to me."

Richard is delighted he can maximise the electricity generated by the system to run his fridges, freezers and cookers. His PV system was fitted over a period of three days with minimum disruption to the business, by Newcastle-based experts, Sol2o.

Sol2o is one of the North East's leading renewable energy specialists. It is one of only a handful of businesses in the region able to fit Photovoltaic (PV) systems by having the Microgeneration Certification Scheme, (MCS), Accreditation. PV will enable householders and businesses to generate electricity and take advantage of the newly announced Feed in Tariff.

The Feed in Tariff was set by the Government at the beginning of February and became operational in April 2010. The rate ranges from 29.3p to 41.3p per kW of electricity self generated by your home or premises and in addition you will receive a minimum of 3p per kW of electricity exported back to the National Grid.

Many householders are looking at PV as a way to cut electricity bills and make money. Bianca Memari has had PV panels fitted to her five-bedroom house in Tynemouth which she is currently renovating. And she is already seeing the benefits.

She said "The great thing is that while I am working on the house, the PV system is making me money by feeding the electricity I am generating back to the National Grid. I am getting 10% return on my investment in PV which is higher than I would get for my money in the bank. …

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