Solar cuts ‘at least £400 from bills in even the cloudiest British areas’
Savings grow as energy prices in Great Britain rise and cost of panel installation falls, analysis finds
Households in Great Britain’s cloudiest regions can save over £400 annually on energy bills by installing rooftop solar panels, with savings reaching over £600 in sunnier areas. Rising wholesale energy prices and falling installation costs have boosted demand, leading to a surge in new solar installations. While a typical 4kW system costs around £7,000, the potential savings are significant, especially for those who can maximize their solar power usage during daylight hours.
- Rooftop solar panels can save households in Great Britain £400-£600 annually on energy bills, even in cloudy regions.
- Rising wholesale energy prices and falling installation costs have increased potential savings and demand for solar panels.
- New solar power installations in the first half of this year were the highest since 2011, with most being household rooftops.
- Solar power supplied a record 14.4% of Great Britain’s electricity in July due to summer heatwaves.
- A typical 4kW solar system costs around £7,000, and upfront cost affordability is a concern for lower-income households.
- Plug-in solar panels for balconies are now available for those unable to install rooftop systems.
https://uk.layer3.press/articles/c11b64ae-e622-41f9-b579-49016c158deb
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