Farming News - Time to Revisit Solar PV for Farmers & Agri Businesses - Still an Opportunity Worth Exploring !
Time to Revisit Solar PV for Farmers & Agri Businesses - Still an Opportunity Worth Exploring !
We have seen significant reductions in the FIT (Feed in Tariff) government support payments over the last few years which perhaps have led many to assume that viability and value of such an investment has also been eroded in the same way – This is not the case.
With the cost of the technology having also reduced dramatically, we are now back to a position where many businesses are revisiting the opportunity, further spurred on by the potential availability of:
- Carbon Trust grant monies to assist with the capital purchase available to all farmers under 250 employees until April 2018
- Battery Storage now becoming a commercial reality which has the potential to improve the economics for those businesses that would have previously exported surplus generation as opposed to storing to serve energy demands outside of the daylight hours
- Potential for grant funding support for battery storage too
In summing up; particularly on the smaller scale 30kW up to 100kW PV installs, we are seeing typical payback periods ranging from 4 to 6 years and with 100% finance terms available over up to 7 year terms, the opportunity to future proof an element of you business running costs as well as generate an additional index-linked income should not be overlooked.
To find out more and gain a free professional assessment of the potential value to your business, please get in touch with Solarsense (UK) Ltd - one of the country’s longest established Renewable Energy companies.