Community Share Offer Now Closed
The Solar PV1 Community Share Offer is now closed, as of 9pm on Thursday November 26th. All £390,000 of investment required for Solar PV1 has been raised!
Visit the Solar PV1 Page to find out what we’re doing with the money raised
It’s now too late to be part of Exeter’s first community-owned renewable energy project, however with your support there will be further share offers and many more energy installations! Click the image on the left to download the Share Offer document now to find out what you might have missed out on!
The target amount for our Solar Power Community Share Offer was £390,000 to cover the installation of solar panels on 9 rooftops across the city. These rooftops will have a combined capacity of around 300kWp of solar! All £390,000 was raised in under 3 weeks!
The Share Offer ran from November 7th – 27th 2015. The short period was due to the recent government changes to Tax Reliefs on investments in community energy. EIS Tax Relief expires on November 29th with no replacement for this in place. This was the very last chance, at the current time, to invest in a community solar scheme that includes EIS Tax Relief and also benefits from the higher FIT rate – all projects involved were accredited prior to the drop in subsidy on 1st October.
The Share Offer (Closed)
Please see below for the key statistics about investment in ECOEs Solar PV1 Community Share Offer. For a table of potential earnings, please see here.
If you want to have a look at our Business Plan for more detailed information you can do so Here.
The organisations the share offer raised funds for include several community centres, County Council buildings, a Baptist Church, a medical centre, an organic farm and a company that makes hybrid vans. Most installs are within Exeter and one in East Devon (inc. Honiton):-
- Wonford Community and Learning Centre
- Shillingford Organics
- Ashwoods Automotive
- Newcourt Community Centre
- Exeter Central Library
- Great Moor House
- Beehive Honiton Community Complex
- Pinhoe Road Baptist Church
- Glasshouse Lane Medical Centre
The table shows the size of the installations currently planned, underway or installed. The A list are the roofs which had solar installed in November 2015. The B List properties have confirmed their interest and are all in various states of preparation with Heads of Terms signed but leases and Power Purchase Agreements still ongoing. Each of these has an agreement in principle and we hope all will go ahead over the next months. The Devon County Council buildings – Exeter Library and Great Moorhouse – will be installed before December 31st 2015.