Newspaper article The Journal (Newcastle, England)

Opus Lead by Example on Solar Power; ADVERTISEMENT FEATURE

Newspaper article The Journal (Newcastle, England)

Opus Lead by Example on Solar Power; ADVERTISEMENT FEATURE

Article excerpt

SOLAR panels are generating savings on electricity bills as well as clean, renewable energy for homeowners and in many cases businesses.

Helping customers make the most of those benefits are several companies in the North East.

Award-winning entrepreneurs are using their own headquarters to demonstrate to other businesses the considerable financial and energy-saving benefits of solar panels.

Gavin Richardson, MD of Opus Building Services, and Chris Cassells, MD of sister company Opus Green, have fitted 80 panels to the Opus HQ at Boldon Business Park.

Each panel is 1.7m long and about a metre wide and, as Chris explained, will save a huge amount in energy bills. "The estimated direct electricity saving for Opus Building Services will be 70% reduction on their 2014 bill.

"The installation cost for the solar pv system was PS20,352, paid for over a five-year term. Whilst there is a capital cost to the system, the income it will generate and the energy savings it will make over the five years will effectively make it self-funding."

After the initial five-year loan period the combination of income and energy savings will generate in excess of PS50,000 for Opus or PS3,750pa as a conservative estimate, for the remaining 15 years of a 20-year plan.

"Furthermore, we will receive PS5,604 tax relief in year one as the expenditure is 100% tax deductible, and there will also be an immediate carbon reduction and a cut of the company's carbon footprint," said Chris.

Revolution Power is a family-run renewable energy business. Based in County Durham, the firm is a multi-award winning supplier of renewable (green) energy sources such as Air Source Heat Pumps, Ground Source Heat Pumps, Solar Panels and Solar Photovaltaic (Solar PV), heating and power systems.

The company takes the time to listen to what customers want. …

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