Lombard is to finance a multi-million pound
package to supply at least 6,000 UK homes with cost-free solar
power installations, it has been reported.
The RBS subsidiary is said to have supplied
the package to renewable electricity company A Shade Greener, which
is now installing solar panels on houses in northern England – a
measure that could see domestic electricity bills cut by up to
Domestic solar photovoltaic panels usually
cost between £15,000 (€18,000) and £25,000 to install but A Shade
Greener will be installing them for free, and collecting the
feed-in tariff, which is guaranteed for 25 years.
The tariff is aimed at creating grid parity
for renewable energy and means regional and national electric grid
utilities have an obligation to buy electricity from suppliers of
The company will initially focusing on Yorkshire, Derbyshire,
Nottinghamshire, Lincolnshire and Humberside, but is soon to extend
into the Midlands and the South West.