The Savings
The longer term investment is what the club is aiming for, recognising that the initial energy costs saved will pay off the higher purchase loan that was secured with the support of Save Energy UK. With a number of rising costs, like many other organisations in hospitality, Gordon shared that releasing the capital funding to finance the installation would have been a challenge.
The costs saved will pay off the loan and contribute to the organisation running over a 5-year period. Following the initial 5 years, the expectation is to see an estimated 20% savings on electricity costs.
The Club's Advice to Others
"Do your homework and build a prediction model. We looked at our hourly usage in detail."
"We are a hospitality business that supports a rugby club in essence. Hospitality has many challenges and we have to keep improvements to stand still." Gordon added, "Installation of Solar PV and savings plays a role in the overall business."
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