The UK industry pays 33% more for electricity than the rest of Europe. This is a very high figure and one that shows the UK has severe flaws with its power supply. So how do the likes of France and Germany do it cheaper?
A superior attitude to renewable energy like Solar PV is key. Let award winning Mypower reduce your electricity cost by 65% with Solar PV. We enable business to take control of their rising electricity bills by installing reliable, long lasting Solar PV systems.
How can solar PV work for your business?
If you are spending more than £7,000 per annum on electricity and seeing energy costs rising each year; a 50kW solar PV system could see you generate a sizeable portion of your electricity for 4-5p per unit compared to typical grid supplied price of 13-15p per unit. A 17% return on investment is achievable with a sub 6 year payback time. First year income & savings on this typical SME sized installation is around £7,000 in the first year and over 25 years a staggering £300,000!
With rising electricity bills, these Worcestershire based companies have significantly reduced their overheads and secured their future energy.
Walsh Mushrooms has been a key supplier of quality mushrooms to UK supermarkets for the last 40
years. They supply 500 tonnes of mushrooms to all sectors each week accounting for over 17% of the UK market. Their packaging and distribution warehouse at Evesham has high energy requirements, using over 1,100,000 units of electricity per annum. To continue their commitment towards sustainable mushroom development, the business decided to invest in solar which would help reduce their carbon footprint and running costs.
Alan Walsh, Chairman of Walsh Mushrooms… “Mypower’s price in the tender process was competitive and following my research on Mypower and verifying their references I awarded them the contract based on professionalism, attention to detail and price as well as their complete project management offering."
The initial contract was for 149.5kW, however towards the end of completion Mr Walsh’s confidence in Mypower and solar grew and he considered using additional roof space. An order was placed on 1st June to add a further 99.28kW. Later that year Mr Walsh commissioned Mypower to install further solar on a new building at the site taking the overall installation to 426 kW – 1,600 panels.
The systems will produce 8.1 million units of electricity over 25 years which is the equivalent of forward buying electricity at 4p per kWh. This compares to the current purchase price from the supplier of around 3 times this value. On top of this, Walsh Mushrooms will receive the governments FiT payment.
Over 360,000 kWh of electricity is produced per annum with 95% of it used on site. In the first year Walsh Mushrooms saved in excess of £50,000 on the electricity overheads and over 25 years the total savings are predicted to be more than £2.5 million! The system also reduces their carbon footprint by a staggering 120 tonnes of CO2 per annum. Over the 3 years that the system has been operating, production has outperformed Mypower's predictions by over 3% per annum, improving these figures further.
To read the full Walsh Mushrooms case study click here.
Allen Fabs are a high quality industrial and agricultural building designer and manufacturer. They also own, let and manage their own commercial property portfolio. Based in Evesham, Allen Fabs' clients are located throughout the Midlands and South Worcestershire.
Craig Sharp, Managing Director at Allen Fabs wanted to turn ‘dead’ roof space into a profitable asset. Craig was looking to be 'greener' and wanted to help his tenants with electricity costs whilst seeing if there was a good return on investment in solar as a landlord. Allen Fabs have several commercial buildings at Vale Park Industrial Estate in Evesham which they were looking to install solar PV. Since 2013 Mypower have installed 5 separate systems for Allen Fabs across some of their commercial properties.
Key facts and predictions for one of Craig's 50kW installations at September 2018 rates
£39,500 - cost exc. VAT.
50kW supplied and installed by Mypower.
47,000kWh of electricity produced per annum (site specific prediction from PV Sol, typically conservative by 2 to 10% or more.)
16 tonnes of CO2 emissions avoided per annum.
£6,580 projected first year income and savings, assuming 60% onsite usage.
16.7% projected first year return on capital invested, before capital allowance benefits.
6.0 years system payback before finance, tax and capital allowance benefits.
280,353 total projected income and savings over 25 years after indexation.
Craig Sharp, Managing Director...
"I had been thinking about investing in renewable energies to make our properties more attractive to tenants. Solar was a logical investment and offers protection against rising electricity costs which means we can pass the savings onto our tenants."
Alan Walsh, Chairman of Walsh Mushrooms...
“Mypower’s price in the tender process was competitive and following my research on Mypower and verifying their references I awarded them the contract based on professionalism, attention to detail and price as well as their complete project management offering."