“Secret Millionares” Launch Rooftop Solar Scheme

Sign up for daily news updates from CleanTechnica on email. Or follow us on Google News!
rooftop solar panels uk
Obtained with thanks from www.solardave.com.

A partnership created on the TV show “The Secret Millionaire” is setting up a new fund to assist rooftop solar power projects.

Freetricity is to provide up to £150,000 in funding for the installation of solar setups for both public and private businesses.

The funding for the solar panels is provided on a “first come, first serve” basis to building owners in England and Wales.

Paul Williams said that “It will be especially attractive to those who are interested in reducing their carbon footprint but concerned about the cost of doing so.”

“We hope that this deal will allow them to see that solar is a genuinely viable alternative to traditional energy sources.”

Williams said that the fund is the biggest project of its kind in the United Kingdom and that it would help organisations to keep rising electric bills under control as well as reduce their carbon dioxide emissions. (Carbon emissions is usually used to refer to carbon dioxide emissions, but this is incorrect terminology since carbon is not carbon dioxide. Carbon dioxide is an oxide of the element carbon.)

It was reported that this fund could reach £500 million pounds. While one of the listed investors, Octopus Investments, said that it had not yet signed a deal and an agreement is likely this week, though, its own funding will not be more than £30 million pounds.

Williams said that the fund would not necessarily become £500 pounds, but said he was “reasonably confident” that other investment sources would bring the total figure well above £30m.

“We’re hopeful it will reach a significant figure”

Organizations that receive that panels will essentially enjoy free electricity and Freetricity will keep money obtained from the feed in tariffs.

Have a tip for CleanTechnica? Want to advertise? Want to suggest a guest for our CleanTech Talk podcast? Contact us here.

Latest CleanTechnica TV Video

I don't like paywalls. You don't like paywalls. Who likes paywalls? Here at CleanTechnica, we implemented a limited paywall for a while, but it always felt wrong — and it was always tough to decide what we should put behind there. In theory, your most exclusive and best content goes behind a paywall. But then fewer people read it!! So, we've decided to completely nix paywalls here at CleanTechnica. But...
Like other media companies, we need reader support! If you support us, please chip in a bit monthly to help our team write, edit, and publish 15 cleantech stories a day!
Thank you!

CleanTechnica uses affiliate links. See our policy here.

Nicholas Brown

Has a keen interest in physics-intensive topics such as electricity generation, refrigeration and air conditioning technology, energy storage, and geography. His website is: Kompulsa.com.

Nicholas Brown has 594 posts and counting. See all posts by Nicholas Brown