Housing firm invests £1m in solar project

A housing company is investing £1million in a solar scheme in Northern Ireland. Fold Housing Association will pay Solmatix Renewables and Harvey Group to install panels at around 100 sites […]

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A housing company is investing £1million in a solar scheme in Northern Ireland.

Fold Housing Association will pay Solmatix Renewables and Harvey Group to install panels at around 100 sites this financial year.

It aims to reduce Fold’s overall carbon footprint and combat fuel poverty.

The payback period will be seven years.

Eileen Patterson, Fold’s Director of Housing, said: “We take the issue of fuel poverty seriously and we are working with our tenants to provide effective and sustainable solutions.

“We have installed solar panels across a number of general needs housing schemes and in our experience we have found passive systems such as solar panels and increased insulation to be most effective.”

Last month the UK Government scrapped solar and biomass subsidies.