Farm enjoys long-term income from solarPV
This major solarPV installation at Hulam Farm in County Durham is expected to achieve financial payback within six years and generate over £1 million in revenue and savings over 25 years. It has 460 panels with an output of 150 kW and was installed by Calibrate Energy.
Farm owner Michael Allen was looking to an end to rising energy bills and the opportunity to secure and additional income stream through the installation of renewable-energy technology.
He says, ‘Installing a solar PV system on the farm was an excellent choice for us and is a perfect solution, I would think, for many more farmers and businesses. Importantly it allows businesses to become sustainable, operate in a way that is far more cost effective and significantly reduces our operating costs. Not to mention that the combined savings and income is 100% covered by our renewables loan that Calibrate organised for us.’
