Wednesday Jan 18
TV’s Dragons’ Den investors Deborah Meaden and Theo Paphitis have demonstrated their confidence in the UK solar market by signing a deal with Yorkshire-based solar PV installation business Ploughcroft Solar.
The two ‘dragons’ decided to invest in the company following a pitch by MD Chris Hopkins on the popular BBC programme last summer.
Deborah Meaden says: "In our lifetime, a switch towards renewable energy is not an option - it has to happen. Consumers need help to make the right choices as there are many conflicting messages being issued to the public.
‘Although the Government’s proposals to reduce the FiT are drastic, we believe that even if this new tariff is introduced solar is still an attractive option to homeowners. They will get a sensible return on their investment, as well as seeing lower electricity bills and helping the environment.
"Theo and I are both 100% committed to the growth and stability of Ploughcroft, which is leading by example within the solar industry. The Government’s proposals haven’t scared us off and should not discourage the British public from investing in solar and other renewable energies."
Chris Hopkins, who has been promoting the solar industry for six years and is also a member of the newly formed Green Construction Board for the Department of Business, Innovation & Skills, adds: "Since the government made its FiT reduction announcement on 31 October we have seen a 50% increase in enquiries compared with the previous month. We have already secured sales- on systems that we will be installing in January and February on the new tariff. This indicates that homeowners remain keen to reduce their electricity bills whilst doing their bit to help the environment."