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Source: Stocksnap

The U.K. Will Install Solar Energy In 800,000 Low-Income Homes

By Tessa Love

The U.K. is set to provide as many as 800,000 low-income homes with free solar panels over the next five years in the biggest green program the country has ever implemented. Renewable energy provider Solarplicity will start with 100,000 homes over the next 18 months as part of a £160 million investment from Netherlands-based Maas Capital.

The aim of the project is to help citizens living in social housing by saving them an average of £240 a year in energy bills. If it meets its goal of 800,000 homes, the project could save tenants up to £192 million in total, as well as create over 1,000 new jobs for those tasked with installing and maintaining the panels. Solarplicity said that many of the positions will be offered to military veterans, who will be retrained for new maintenance careers.