Friday 10 December 2010

Farmers set to cash in on solar boom

SOLAR energy could be the next major UK cash crop after a survey revealed eight out of ten farmers would consider installing solar photovoltaics on their roofs within the next three years.

The technology has become an enticing prospect for farmers attempting to guard against rising electricity prices and take advantage of Government incentives.

Farmers can earn up to £16,000 a year from solar energy and save over £1,800 in electricity bills, according to solar energy specialist Solarcentury, thanks to the Government’s green agenda which offers a feed-in tariff (FIT) of 31.4 pence per unit of solar electricity generated.

Even though capital costs can be as high as £200,000 for a medium-sized farm solar roof, Derry Newman, Solarcentury CEO, said the economic returns were becoming hard to resist for UK farmers hoping to get ‘a maximum return from their property’.

“Sustainable farming is at the core of a healthy future for the UK, and it’s great to see farmers recognising the opportunity they now have with solar,” he said.

Dr Jonathan Scurlock, NFU renewable energy advisor, agreed more farmers should follow in the footsteps of Michael Eavis, the host of Glastonbury Festival, who installed photovoltaics on his cow shed earlier this year.

“Agricultural and horticultural buildings present ideal platforms for solar PV, and small-to-medium sized roof-mounted systems are likely to be an attractive investment,” he said.

Solarcentury conducted the survey of 130 farmers with Farming Futures, a pan-industry body that tackles climate change.

Source - Farmersguardian

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