Nottinghamshire County Council is investing £800,000 on solar panels on a number of its corporate buildings to reduce its carbon footprint and generate a new income stream from electricity that is fed back into the National Grid.
The Council estimates that the there will be an annual eight per cent return on the investment over 25 years - £2.01m in income over this period.
The authority will also benefit from free electricity generated by the panels, which will create savings in excess of £1,000 per year for each site, and a total carbon dioxide emission reduction of 150 tonnes a year.
The proposed list of buildings for solar panels includes:
l Thoresby House, Bevercotes House, Ollerton House and Welbeck House at the Sherwood Energy Village, Ollerton
l Lawn View House, Sutton
There are also plans to incorporate solar panels into the new Highways depot at Bilsthorpe.
Coun Reg Adair, the County Council’s Cabinet Member for Finance and Property, said: “With rising energy prices and increasing taxes on our carbon emissions it makes sense for the Council to generate some of its own energy and create an income stream by installing solar panels to our buildings.”
“The Council aims to safeguard our environment and this investment has the added benefit of reducing our carbon footprint.”
The programme to install the panels is set to start in January and will be completed by the end of March.