News Article
Kingspan To Offer 100% Funding For PV Solutions
Kingspan Insulated Panels has launched Kingspan Energy, a fully-funded solar energy solution provider which will enable companies to benefit from a PV solution, without the risks involved in the capital outlay, installation or maintenance of a PV system.
Kingspan Energy will offer a 100% funded solution, with no upfront cost or capital risk to the end client. In return for a 25 year lease on the roof space, Kingspan will design, project-manage, install and maintain a bespoke PV solution. The electricity generated by the system will be available to the host company at lower rates than would otherwise be supplied from the grid. As a result the client will have the advantage of fixing electricity cost indexed to RPI rather than having exposure to the volatile annual utility inflation rates.
In addition, Kingspan will offer a combined roof and PV system guarantee for 25 years, with free lifetime system performance monitoring and maintenance.
"We've launched Kingspan Energy to allow businesses and building owners the opportunity to maximise the use of their roof space to generate rooftop power for their own benefit, thus reducing their energy costs and enhancing the value of their property without the need for any upfront capital outlay'' explained Gilbert McCarthy, Managing Director of Kingspan Insulated Panels. "More importantly, because of our expertise as building envelope market leaders, we can offer a comprehensive guarantee, making the proposition virtually risk-free for UK businesses with suitable roof space."
Designed for industrial and commercial buildings, the PV system can be installed on a wide range of roof types, including both metal and membrane roofs. It is suitable for new and existing buildings or refurbishments, and can be installed with no costly interruptions to daily business.
