Compact Engineering was established in Thirsk, North Yorkshire in 1986 to deliver energy efficient solutions for the pulp and paper sector, specifically in the field of electric infrared. To achieve this, Compact was the first company to combine infrared heat transfer with the known mass transfer benefits of hot air and Compact is the only company to manufacture their own infrared lamps to guarantee high heat transfer efficiency. Their award-winning technology is also supplied to the plastics, glass, food and automotive industries.
Over the years, Compact has won a number of international awards for product and process innovation and Compact’s founder; David Klemz is a recipient of the Papermakers Gold Medal Award.
David Klemz made the decision to purchase a 30KWp Solar PV System giving them 111 x 270-watt Solar Panels. With the business operating five days a week and the constant use of lighting in the main production facility, the panels will pay for themselves in under six years.
The decision to purchase the Solar panel system has also been a smart investment opportunity.
Investing £25,200.00 in a bank or building society with an average annual interest rate of 2.50% at the end of 20 years the investment would grow to: £40,285.98
However, if the same amount is invested as suggested in this PV Solar proposal the cumulative income and electric savings after 20 years would be in the order of £173,441.34 made up of the Feed-in-Tariff income (£30,962.37), electric exported income (£28,357.18) and the electric savings (£114,121.78) which equates to an annual return on investment of 17.63% or a TAX-FREE return on investment (AER) of10.13%.