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
TL;DR
- 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.