Thursday 28th April 2016
Kingspan ESB has installed a total of 898 rooftop solar PV panels for Murdock’s at its outlets in Newry, Warrenpoint, Banbridge, Newtownards and Derry which is set to make cost savings of almost £1 million.
Murdock’s will make savings from the first day the rooftop PV systems ‘go live’, even though the company has not had to make any financial investment in them.
The company has opted for a 100% fully-funded scheme which means that in return for a 25-year lease on the roof space, Kingspan ESB designs, installs and maintains the system. The electricity generated by it is then supplied to Murdock Builders’ Merchants at lower rates than the grid.
The new PV systems, totalling 233kW, will generate more than 4 million kilowatt hours (kWh) of green electricity during its 25 year lifetime and over that time, Murdock’s will make cost-savings of £943,000 over that period.
As well as having financial benefits, the system is cleaner and greener - helping to offset more than 2130 tonnes of CO2 in its lifespan.
Ann Morgan, CEO of Murdock Builders’ Merchants said: “We are always looking for ways to improve and innovate at Murdock’s. It made complete sense for us to take advantage of the Kingspan ESB fully-funded option on solar PV and make immediate savings for the business.
“We’re delighted to be using new technology which is helping us operate in a more environmentally friendly way - our new PV panels will produce more than 185,000kWh of green energy in their first year.”
Mel Courtney, Director at Kingspan ESB said: “Rooftop solar panel electricity systems are one of the simplest renewable energy technologies to install and own - they have a long operational lifespan and don’t need a lot of maintenance.
“Photovoltaic, or PV, cells convert the sun’s energy into electricity and they can still perform well in our climate. The 100% funded package, like this one Murdock’s has opted for, means a business makes no upfront capital investment but once the system is up and running, starts to makes significant savings on power bills.”