Market Harborough solar power company is ready to shine

Pupils at Robert Smyth Academy with Denise Marsdon of Harborough Energy and Gavin Fletcher of Sustainable Harborough.
Pupils at Robert Smyth Academy with Denise Marsdon of Harborough Energy and Gavin Fletcher of Sustainable Harborough.

A solar power scheme has raised the £183,600 it needed to get a Harborough energy company off the ground.

Some 90 local investors put between £100 and £20,000 in to the company, which plans to create energy from 668 solar panels on the roof of Robert Smyth Academy and Archway House Natural Health Centre, in Market Harborough.

“We reached our target with a day in hand,” said Denise Marsdon, community energy development officer for Harborough’s Solar One company.

“It’s been quite exciting - we’ve opened the bubbly!”

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.

“This scheme will have significant financial and environmental benefits for the local community.”

Robert Smyth’s principal Sue Jones added that the scheme, if it was approved, would significantly reduce the school’s energy bill.