Reading Community Energy Society have launched an opportunity to buy shares in solar panels that will be put on local community centres. Local people are encouraged to invest. The offer is only open for a few weeks.
16 local community buildings have put their roofs forward to receive solar panels, which will earn the feed in tariff and generate a community fund to help Readings vulnerable. The community buildings also benefit by lowering their energy bills.
The first phase of shares is open to investors until Monday 18 July. The minimum you can invest is £200, with an estimated return of 5%. £450,000 is needed to complete the project – which will see 1,400 solar panels or 350kWp installed.
The directors of RCES would like you to read the share offer document to understand the risks of investing. However, the project has the backing of the Reading Climate Change Partnership, Reading Council and Energy 4 All, who have supported 20 similar projects nationwide – with a 100% success rate.
Go to the website at readingenergy.coop/reading-community-energy-society-share-offer to register and download a copy of the share offer document. If you would like a printed application form, please email Tony@ReadingEnergy.coop. Completed forms can be returned by post or scanned and emailed to firstname.lastname@example.org.