Monday, October 28, 2013

Ikea to Sell $9,200 Solar-Panel Kits in All U.K. Stores

Ikea, the biggest home-furnishing retailer, tied up with Hanergy Solar Group Ltd. (566) to sell solar-panel systems in its 18 U.K. stores for the first time. Ikea will sell the systems in all U.K. shops within 10 months after a successful trial in July, it said in a statement. The Hong Kong producer will offer its thin-film panels, as well as consultation, installation and maintenance services. The deal shows how photovoltaic power is moving into the mainstream in the U.K., where more than 400,000 small solar systems operate. Price drops and state subsidies have doubled installations since the end of 2011, government figures show. Ikea will offer standard 3.36-kilowatt photovoltaic systems for 5,700 pounds ($9,200) upfront, as well as a leasing option.



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