Latest News Wed, Jun 28, 2017 2:39 PM
Having secured European funding post Brexit decision from Maas Capital, a subsidiary of ABN AMRO Bank, Solarplicity is now the only energy provider in England and Wales that can offer these benefits to both solar and non-solar tenants within social housing. The scheme is expected to reach 50,000 households in the next twelve months and 800,000 homes within five years, at which stage these tenants are forecast to save up to £200 million a year through the scheme.
Individual tenants are forecast to save £240.00 a year on average* on their energy bills. Pricing is clear and simple, with no standing charges and only one rate for 100% renewable energy, irrespective of the payment method used - whether direct debit, or pay-as-you-go.
The initiative is the result of a detailed procurement process between Solarplicity and Alliance Homes, a social housing provider active in procurement activities for the social sector. The framework agreement enables more than 40 social landlords and 500,000 households to participate. Landlords share in the profits of the scheme, which facilitates the efficient implementation of solar, reducing the time and cost of rollout.
“This ground-breaking scheme is set to transform the lives of hundreds of thousands of UK households that currently suffer from fuel poverty. At the same time, it is a major opportunity for landlords to achieve their efficiency targets and provide a point of difference for tenants. It is truly game changing for solar,” said David Elbourne, CEO, Solarplicity.
Pieter Smit from Maas Capital added: “Partnering with Solarplicity to deliver initial funding for this exciting project enables us to continue to fund into the UK Renewable market. We are looking forward to being involved in such a ground-breaking move to accelerate the transition of the energy landscape in the UK.”
“We are continually looking to futureproof our housing stock and provide exceptional service for our landlords. This initiative will provide both those things. We are enormously excited by the proposal for clear, lower energy bills with long-term discounts funded through the deployment of renewable energy” said Steve Drew, Managing Director, Alliance Homes.
Benefits for tenants |
Benefits for landlords |
•£240 average* annual savings •One single rate, no standing charge •The same price irrespective of payment method •100% renewable energy •Benefits for solar and non-solar participants •Free LED light bulbs •Free smart meters |
•Improved SAP energy efficiency ratings •Achieving fuel poverty targets •Guaranteed saving for tenants •Lower CO2 emissions •Participating in the profits of the scheme •Outward investment in housing stock |
This announcement builds on the success of Solarplicity’s existing solar rooftop rollout in the social housing sector, where it has already installed solar pv systems on more than 30,000 social housing properties.
As a licensed energy provider, Solarplicity can supply cheap, renewable energy directly to any home across the UK with or without installing solar panels. For more details see www.solarplicity.com.
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