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:

Family of missing woman Emily Stiff told of discovery of a body in Thames

Oxford Mail:

5:18pm Friday 27th March 2015

THE family of missing Oxford woman Emily Stiff have been told about the discovery of a woman's body in the Thames this afternoon.

Video: Ex-headteacher found dead in Thames days before court appearance for molesting boys

Oxford Mail:

2:44pm Friday 27th March 2015

A FORMER headteacher due to be sentenced for molesting young boys was the man found dead in the Thames on Tuesday, it has emerged today.

Slavery: Police fear more victims as 10 arrested remain in custody + video

Oxford Mail:

8:59am Friday 27th March 2015

POLICE feared there could be more victims after 10 people were last night in custody after a series of anti-slavery raids.

Andrew Main fit to enter pleas over South Oxfordshire District Council arson attack

Oxford Mail:

5:42pm Friday 27th March 2015

A man accused of burning down council offices in South Oxfordshire has been deemed fit enough to enter pleas.

Two lanes closed southbound on M40 between Thame and Watlington junctions after car hits central reservation

Oxford Mail: Lorry jackknifes on M40 causing traffic tailbacks

5:05pm Friday 27th March 2015

ONE person was taken to the John Radcliffe hospital this afternoon after a crash on the M40 closed two lanes of traffic.

Men accused of city centre jewellery theft appear in court

Oxford Mail: oxford magistrates court

4:00pm Friday 27th March 2015

TWO men accused of conspiracy to steal from a city centre jewellers have appeared in Oxford Magistrates' Court.

Woman flown to hospital with serious injuries after car overturned on M40 near Banbury

Oxford Mail: BOB, aka Thames Valley and Chiltern Air Ambulance.

3:58pm Friday 27th March 2015

A WOMAN was flown to John Radcliffe Hospital with serious injuries after a car flipped upside down on the M40 near Banbury.

Francis Habgood confirmed as new Chief Constable for Thames Valley Police

Oxford Mail: Francis Habgood

3:50pm Friday 27th March 2015

Francis Habgood has been officially appointed as Chief Constable of Thames Valley Police.

Three boys arrested over series of sexual assaults on women in Oxford

Oxford Mail: Thames Valley Police logo

2:52pm Friday 27th March 2015

THREE boys have been arrested on suspicion of a series of sexual assaults in Oxford.

Two men arrested over vehicle interference in Wallingford

Oxford Mail: Thames Valley Police logo

1:53pm Friday 27th March 2015

TWO men from Oxford are in custody after being arrested on suspicion of vehicle interference.

UPDATED: Woman charged in connection with slavery raids appears in court

Oxford Mail:

10:37am Friday 27th March 2015

A WOMAN has been charged with slavery offences after 10 people were arrested yesterday in a series of dawn raids.

Missing girl Jennifer Moore found safe and well

Oxford Mail:

9:10am Friday 27th March 2015

A BICESTER teenager reported missing has been found safe and well, police said this morning.

Exhibition highlights ‘18th century Spitting Image’

Oxford Mail:

8:30am Friday 27th March 2015

IF YOU were a fan of Spitting Image you will love a brand new exhibition at the Ashmolean Museum which pokes fun at the great and good.

Cowley’s Princess gets a royal reception on its 40th birthday

Oxford Mail:

8:30am Friday 27th March 2015

FANS of Oxford’s most famous princess were out in force yesterday to mark her 40th birthday.

 

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