Investment in Air Source Heat Pumps

With debates raging over soaring energy bills, questions over the viability of renewable energy have never seemed more relevant. After cuts of around 30 percent to their normal yearly budget, Norfolk county council have announced their plan to prepare the Norfolk Energy Services Company (ESCo).

The council will set up solar panels on council-owned buildings, like schools, fire stations, and libraries. By working as an independent, but council-owned, company, the energy business will have the ability to tap into Government-backed energy initiatives, like the clean energy cashback scheme, and finally, reduce fuel poverty across Norfolk. Fire Fighting Hydrant Systems are the most commonly used systems, in many residential and industrial projects. 

The proposed ESCo will initially concentrate on fitting solar panels and installing biomass boilers, but may also look to develop additional renewable resources like heat pumps, and become involved in encouraging inward investment into Norfolk. 

Norfolk council’s dedication to green energy is commendable, and they also stand to make a sizable profit for re-investment in local jobs and critical frontline services. Besides the obvious benefits of generating free energy, the government is also offering a generous feed-in tariff of 43p per kilowatt of energy generated by renewable resources, which equates to 4-5 times the industry rate for this energy.