EAST Lindsey District Council has announced ambitious £500,000 plans to install solar panels on key buildings in the area - including the Embassy Theatre in Skegness.
Subject to planning permission and full approval, the Council’s Executive Board has agreed to install arrays of solar panels on the theatre and the neighbouring Embassy Swimming Pool, as well as roofs at the Meridian Leisure Centre and London Road Sports Ground in Louth, and Horncastle Swimming Pool.
The project is expected to cost £498,000 with a payback period of nine and half years. Over a 25 year period the project is expected todeliver a 307 per cent return on investment - £1,518,864.
Leader of the council, Councillor Doreen Stephenson, said: “Energy prices have soared in recent years and have become a huge financial pressure on households and councils at a time when money needs to be saved.
“This invest-to-save measure will enable us to reduce our expenditure on energy and make more than three times the initial investment over the project’s lifetime.
“It will also make a significant contribution to our ongoing efforts to reduce the impact our services have on the environment.”
The panels could be installed by as soon as March, if approved.