The Executive Meeting
considered a proposal to install solar PV panels on Council houses
and properties to be funded through prudential borrowing financed
from feed in tariffs (‘FiT’) available from the Government, and
agreed that:-
- the work already
undertaken to progress this proposal be noted and the gratitude be
recorded for the work of officers in preparing the proposal;
- in order to benefit
from ‘FiT’ funding, it was
noted that all installations must be completed before March
2012;
- the use of prudential
borrowing of up to £9.5m to finance the project be authorised
and that approval be given to the installation of the Solar PV
Panels to Council houses and properties as set out in the
report;
- the option of a
framework for schools be investigated;
- the options for the
joint procurement of the panels with Stockport Homes will be
developed to ensure maximum value for money be noted;
- authority be delegated to the Corporate Director for
Corporate & Support Services, in consultation with the
Executive Councillor (Finance), to determine the Council properties
to be fitted with solar PV panels and the actual level of borrowing
to be undertaken.