Liverpool set for £50 billion retrofit scheme
Local councillors and social landlords in Liverpool are almost ready to begin work on their £50 billion retrofit scheme. The scheme will involve the installation of photovoltaic panels to lower the carbon emissions generated by over 100,000 homes in the area.
The panels will also allow social landlords to benefit from the Feed-In-Tariff scheme, which will help them to earn money from the solar energy generated.
Those involved are keen to take advantage of the 43.3p per kilowatt hour rates being paid by the FIT scheme before it drops in April 2012.
Liverpool Mutual Homes chief executive Steve Coffey told 24dash.com that the scheme would work wonders for the city’s economy once it is fully implemented.
He said: “The Liverpool City Region retrofit market is estimated to be in the region of £50 billion, which will provide a massive boost for the people and businesses in Merseyside in so many ways.
“The scheme will directly help reduce fuel poverty for tenants and carbon emissions for landlords, while the financial ramifications will provide a large number of skilled jobs creating training and social enterprise opportunities.”
Liverpool City Council are just one of many local authorities who are stepping up their efforts to provide sustainable housing through the installation of solar panels, cavity insulation and building cladding.
Inside Housing report that social landlords will pay for the retrofit themselves but tenants will pay back the cost out of the savings from their energy bills.