Written by Charlotte Cunningham
Investing in renewable energy schemes can be fraught with pitfalls. But the benefits, if you get it right, are considerable. Hugh Taylor from independent energy consultancy Roadnight Taylor offers five top tips for success. Charlotte Cunningham reports. The days of simply putting solar panels on a barn roof and harvesting government incentives are long gone – but there are still lots of opportunities to reduce energy bills and generate some extra income. Sadly, many installers are overselling schemes, leaving landowners with large bills and unrealistic financial returns. So how can you make sure your project is right? Review your site energy demand and get a solution to fit your needs. Since the Feed-in-Tariff ended, the success of most schemes depends on using the energy generated on site, rather than exporting it to the grid. First review the half-hourly demand for electricity throughout the day and the year, then make sure any new scheme – if investment in one is appropriate at all – is sized optimally to offset purchased energy. An oversized scheme will ‘spill’ energy onto the grid for relatively low export revenues and will result in a lower return on investment. Get grid connection applications prepared by…
The post Five tips for success with renewable energy appeared first on cpm magazine.
Continue reading on CPM website...
If you are enjoying what you read then why not considering subscribing:
