Residents urged to invest in bright idea for solar energy

Low carbon Hub says schools and business buildings should have solar panels

Low carbon Hub says schools and business buildings should have solar panels

First published in News Oxford Mail: Photograph of the Author by , Reporter covering North Oxford, Jericho and Summertown. Call me on 01865 425498

A GREEN organisation in Oxford is to offer residents shares in a clean energy scheme worth more than £2m.

Low Carbon Hub plans to roll out a scheme across the county, in which solar panels will be installed on the roofs of school and business premises, with the electricity generated sold for a profit.

People will be able to offset their investment against income tax – effectively a 30 per cent discount on the money they put in.

Non-executive director Wendy Twist said that one third of the profits would be pumped into community clean energy projects, with the rest split between investors and the hosts. She said: “You do not have to be a rich person to be part of this. We want Oxfordshire’s green energy assets to be owned by the people of Oxfordshire.

“The share capital will raise money for projects we will have already built over the summer, so people can see what they are investing in. We have taken out a low-cost loan from supportive organisations to fund that, which the money will be used to pay back.”

Investors can expect a five to six per cent return, she said, and shares will be withdrawable.

She added: “We want as many people as possible to take part.

“Whatever the amount of investment you make you are still entitled to the 30 per cent discount.”

More than 20 schools across the county have signed up to the solar scheme.

Mrs Twist said Low Carbon Hub is currently in talks with a number of private firms, with Witney furniture shop Wesley-Barrell one of the first to sign up.

Projects are already under way, including a 140kW set of solar panels on the roof of the Oxford Bus Company’s garage in Watlington Road, Cowley.

Related links

The array of 540 panels at its building is the biggest of its kind in Oxford.

Finance director Luke Marion said: “The project has already been a huge success on a number of levels.

“With the longer days and sunnier weather we are now generating between 3,000 and 4,000 kilowatt hours per week.”

Low Carbon Hub has also supported a scheme at St Barnabas Primary School, in Jericho, Oxford, to install a solar panels on school roofs.

Headteacher Fiona Hawkins said: “It was a mutually beneficial offer, they get our roofs and we get a 13 per cent discount on the energy.

“Parents have been great supporters of it and the children like it as well because we can monitor things like how much is used and how much is generated.”

The shares will be issued in the autumn from The Low Carbon Hub Industrial and Provident Society, with surplus profits going to community projects backed by The Low Carbon Hub Community Interest Company.

  • Our top stories:

Sir Tony calls time on 32-year career as an Oxfordshire MP

Oxford Mail:

5:00pm Tuesday 2nd September 2014

VETERAN Banbury MP Sir Tony Baldry will stand down from Parliament at the next General Election, he has announced.

Children not alone in finding school tough

Oxford Mail:

5:00pm Tuesday 2nd September 2014

HELEN WRIGHT finds out how parents confront a financial squeeze educating their offspring, while education chiefs choke on providing meals for all pupils under seven

UPDATE: Abingdon Road reopened after pedestrian seriously injured in collision

Oxford Mail:

1:31pm Tuesday 2nd September 2014

Abingdon Road has reopened after a pedestrian collided with a car.

GBH at Bicester shopping village

Oxford Mail: Oxford Crown Court

9:10am Tuesday 2nd September 2014

A man has had his sentencing adjourned yesterday for causing grievous bodily harm in a shopping centre.

One killed, two hurt in three-car smash near Brize Norton

Oxford Mail:

9:10am Tuesday 2nd September 2014

A PERSON was killed in a three-vehicle crash on the Witney Road near Brize Norton yesterday.

Oxford United foiled on deadline day

Oxford Mail:

9:00am Tuesday 2nd September 2014

Michael Appleton is determined to do his shopping earlier next summer after Oxford United were unable to land their top target before the transfer window shut last night.

Farewell to Abingdon boy Skye Hall, who lived his short life to full

Oxford Mail:

9:00am Tuesday 2nd September 2014

IN the final hours of his life, brave youngster Skye Hall showed incredible strength and told people to remember to make the most of what they have.

Silent disco planned in memory of Liberty Baker

Oxford Mail:

8:40am Tuesday 2nd September 2014

Details have been announced for a silent disco to raise money for a memorial commemorating crash victim Liberty Baker.

Illegal drivers caught in police operation on Abingdon Road

Oxford Mail: Thames Valley Police logo

8:40am Tuesday 2nd September 2014

Six drivers using mobile phones and 12 not wearing a seatbelt were stopped by police yesterday.

Proposals for Chipping Norton homes revealed as part of West Oxfordshire Local Plan

Oxford Mail:

8:30am Tuesday 2nd September 2014

RESIDENTS in Chipping Norton were given a glimpse into what their town could look like in the future.

Water firm calls on YOU to join the war on ‘fatbergs’

Oxford Mail:

8:30am Tuesday 2nd September 2014

OXFORD’S water provider called on customers not to pour fat down the sink as part of its “war on fatbergs.”

All systems go for Frideswide Square revamp

Oxford Mail:

8:30am Tuesday 2nd September 2014

INITIAL work began yesterday on the redevelopment of Frideswide Square.

RAF job no child’s play for this reservist mum

Oxford Mail:

8:00am Tuesday 2nd September 2014

FOR Cheryl Huntbach, the news isn’t just a source of information – it could show her where her next job will be.

Buses get some F1 technology

Oxford Mail: Williams F1 Image by Craig Styles(C)

7:30am Tuesday 2nd September 2014

A FORMULA One team from Oxfordshire has been the inspiration behind a new fleet of low emission buses.

Comments

Comments are closed on this article.

Send us your news, pictures and videos

Most read stories

Local Info

Enter your postcode, town or place name

About cookies

We want you to enjoy your visit to our website. That's why we use cookies to enhance your experience. By staying on our website you agree to our use of cookies. Find out more about the cookies we use.

I agree