Lambeth Community Solar is a borough-wide initiative to install solar panels on schools and community buildings across Lambeth.
We are installing 145.31 kWp of solar panels on the Elmgreen and Norwood schools. The solar panels will save 31 tonnes of CO2 emissions every year while supplying the schools with clean, green electricity at a discounted price.
To purchase and install the solar panels we are raising £137,000 through a community share offer. By investing in Lambeth Community Solar you can
- Fight climate change
- Help the schools save on their energy bills
- Create a Community Fund of £35,000
- Get your money back across the 20 year life of the project and an average 3% interest.
The benefits to the community
£35,000 will be raised from the sale of electricity and spent within the local community
CHEAP & CLEAN POWER
The schools will save £27,000 by purchasing cheap, clean electricity.
Repowering will run workshops for pupils that fit within the school curriculum
Parents, teachers and anyone in the community can invest in the project
FIGHTING CLIMATE CHANGE
The school buildings will lower their carbon footprint, saving 31 tonnes of CO2 each year
TACKLING FUEL POVERTY
Our fuel poverty initiatives will reduce the energy bills of local people and alleviate hardship
The project will bring residents together in a fun and worthwhile cause
How it works
Lambeth Community Solar (LCS) is a Community Benefit Society, which is a type of co-op. LCS follows Repowering’s award winning model which ensures that financial returns are locked into Lambeth and delivered back to the community, thereby delivering a truly socially responsible energy project. For more info on the Repowering model click here.
Once the solar panels are installed, the project generates an income through the sale of electricity, with help from a Government subsidy called the Feed-in-Tariff.
Shareholders automatically become members of the Community Benefit Society, they can vote and have a say in how the project is run. Local residents can become members for £1, rather than having to invest and everyone has the same vote.
Shareholders will receive annual interest payments on their investment, at approximately 3% per year. By purchasing shares in LCS, your money will be immediately invested locally, saving carbon emissions and bringing a wide range of benefits to the community.
Your capital is at risk when you invest, so never risk more than you can afford to lose. Prospective investors should be aware that the value of the shares cannot go up, but can go down. Past performance is no guarantee of future performance. If you are in any doubt you should consult a financial adviser.
Please read our share offer document for full details.
How to get involved
Lambeth Community Solar is driven by our volunteers. We hold regular meetings that are open to all. Feel free to come to one of our meetings below, or drop Eva a line to find out more (020 3674 7519 / firstname.lastname@example.org)