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Solar for Schools

What they do

Solar for Schools CBS's long-term goal is to see every school in the UK using solar panels, contributing to a more sustainable future.

 

 

The project

For every £1,000 of bonds you purchase, you will help schools save and earn between one and three times that amount over the lifetime of the solar panels that will be installed on site, provided by the Solar for Schools CBS. The exact amount a school will benefit is dependent on electricity prices, location and inflation, yet the reduction in carbon emissions that your £1,000 investment will deliver averages 10 tonnes, whilst inspiring the next generation of children to achieve more by living sustainably.

This bond offer is for the next group of schools, installed from Q1 2019 onwards under the previous Feed in Tariffs (FIT). The first 18 systems totalling over 1,500 kWp were funded by previous bond offers raised by the CBS and are all generating electricity and income. 

In 2018 all systems funded by Solar for Schools CBS and completed the previous year performed to plan. Some new systems suffered from the usual teething issues during the first months of operation but are expected to perform well this year.

About Solar for Schools Community Benefit Society (CBS)

The Solar for Schools Community Benefit Society (CBS) was set-up in 2016 to enable schools in England and Wales to benefit from solar panels without having to invest themselves, yet still share in the expected long-term profits, or surplus income, generated by each solar project. The Solar for Schools CBS is governed by a cross-disciplinary board with a depth of experience in renewable energy funding, sustainability education, funding for education, contract management, managing schools and solar energy installations on schools.

Over 600 schools have registered an interest in having solar panels installed and more are registering each week. Solar Options for Schools Ltd works with each school to determine the most suitable system size and to ensure it meets the requirements of the Solar for Schools CBS in terms of forecast income streams over the expected lifetime of each system.

See https://www.solarforschools.co.uk/schools for both projects funded by the Solar for Schools CBS to date and projects waiting for funding.

About Solar Options for Schools Ltd

Solar Options for Schools Ltd is an internet-based, social-impact company funded by a diverse group of individuals and organisations including the Low Carbon Innovation Fund, a £20m EU fund managed by the University of East Anglia which wishes to see Solar Options for Schools Ltd vision fulfilled: enabling every school to save money and contribute to cutting carbon emissions while inspiring the next generation to live more sustainably.

The core team combines experience in internet businesses, renewable energy project development, working with schools on sustainability programmes and funding and managing solar assets. They already manage systems on over 90 schools, totalling over 4MW. Solar Options for Schools Ltd operates in the UK and Germany and has just started construction on its first two school solar projects in India.

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