There are only a few days left if you want to take advantage of the Grand Union Community Energy share offer.
You can find out more online at www.guceltd.com and at the Kings Langley Carnival on Saturday, but the deadline is Tuesday, June 25.
More than 30 people gathered in Kings Langley earlier this month for the launch of Dacorum’s first ever initiative to create a community-owned renewable energy project.
Grand Union Community Energy wants to fund solar energy for schools and community buildings, not by asking the public to donate their money, but to invest it.
Community share offers are becoming an increasingly common way for local communities to take ownership of a local asset – in this case a new source of energy that GUCE hopes will galvanise local interest in combating climate change, and helping local schools save money.
Spokesperson Annie Heaton says, “People seem to like this idea. It’s a refreshing way to look at energy, community, and finance. For £250, they can own a part of a community solar project, earn decent interest every year and get their money back.
“GUCE has made this initiative possible by combining two government incentives. Firstly, a tax incentive for small new enterprises means that investors will see up to 50 per cent of their investment returned in a tax rebate.
Secondly, the government’s Feed in Tariff for small renewable energy installations means that GUCE is able to forecast a steady stream of income over the next 20 years.
GUCE (pronounced ‘juice’) is an Industrial and Provident Society (IPS) set up for the benefit of the community. GUCE’s vision is to encourage the growth of community-owned renewable energy installations in local spaces across South West Herts, creating a Grand Union of community energy projects in the area.
For more information please contact guceltd:@gmail.com