Chance to invest in solar panels on Market Harborough school roof

Robert Smyth Academy. (Picture: Andrew Carpenter/001399-47) ENGNNL00320130129175635
Robert Smyth Academy. (Picture: Andrew Carpenter/001399-47) ENGNNL00320130129175635

A scheme which offers local people the chance to make money from solar panels on the roof of Robert Smyth Academy has been launched in Market Harborough this week.

The Harborough Solar One project aims to show how everyone can benefit from community-owned solar schemes.

Investors buy shares in a new company called Harborough Energy.

The company hopes to raise £183,600 for its not-for-profit energy co-operative, supported by local volunteers and the group Sustainable Harborough.

The energy will come from around 668 solar panels at two well-known sites in the town: the Robert Smyth Academy on Burnmill Road and Archway House Natural Health Centre on Lubenham Hill.

The expected return to investors is five per cent over the 20 year period that the scheme is due to run. It is also designed to be eligible for Seed Enterprise Investment Scheme income tax relief.

“We are delighted to be hosting the largest solar shares scheme in the county” said Denise Marsdon, Community Energy Development Office from Harborough Energy.

“This scheme will have significant financial and environmental benefits for the local community, by raising a community benefit fund and lowering the carbon footprint of two buildings in the area.”

And she added: “Harborough Solar One is an ideal investment for people who are looking for a local, ethical, opportunity. It is a real flagship initiative for the region.”

The share offer opened this week and closes on November 9. The minimum investment for people living in Leicestershire and Northamptonshire is £100.

To find out more, go to www.ethex.org.uk/harborough-energy_1096.html