Solar panel funding for British beauty salon

© Lev, image #78184242, 2018, source: Fotolia.com

Information

Impacts:
Energy Carbon
Sector:
Arts, entertainment and recreation Cross-cutting
Investment cost:
High cost
Cost savings:
Estimated over a period of 25 years: € 82 284 in total, including € 39 451 in electricity costs; this represents around € 65 000 in net benefits over 20 years
Cost:
High cost
Co2 emission reduction:
4.5 tonnes per year
Size of company:
Small (less than 50)
Advancement in applying resource efficiency measures:
Intermediate

The beauty of solar power is...

  • All kinds of businesses, large and small, can make the transition to renewable energy
  • Financing schemes, such as EEF, can help with sustainability projects like this solar installation 

The British luxury hair and beauty business, Jo and Cass, has four salons. Due to rising energy costs, the SME recognised the need to switch to a more cost-effective renewable source. Solar energy was the most likely choice.

Consulting Solarlec, a specialist in photovoltaics and solar energy, an installation of 40 monocrystalline solar panels on the roof of the largest salon in Preston was seen as the best way to evaluate the economic benefits before considering a rollout to the other stores.

Key benefits

Solarlec is one of many suppliers of the EEF financing scheme, thus allowing Jo and Cass to fund this sustainability measure with a seven-year plan costing around € 16 908 (£ 15 000).

Over a 25-year period, including the savings through Feed-in-Tariffs (FiTs), the total savings were estimated to be up to € 82 284 (£ 73 000), € 39 451 (£ 35 000) in electricity costs alone.

Youtube, Solarlec fits solar panels at Jo and Cass Preston, https://www.youtube.com/watch?v=mhbZbt6Dbk8

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