Solar panels have become a common sight, whether in fields or on neighbours' roofs. You might be considering them for your own home. Interest has surged following the US-Israel war with Iran, with Octopus Energy reporting a 50% increase in sales in March compared to February.
Why Now?
Greg Jackson, head of Octopus Energy, noted a 'huge jolt' in demand. Mark Sait, CEO of SaveMoneyCutCarbon, attributes this to unpredictable global energy prices and the desire for control. 'It's like having your own little power station on your roof,' he says. Many distrust energy companies, and generating your own electricity mitigates those worries.
From Green to Financial Decision
Previously, solar panels were an environmental choice. Now, it's a core financial decision. 'You save money, and the carbon saved is a fabulous byproduct,' says Sait. While government feed-in tariffs have diminished, grants still exist for fuel-poor homes. The main incentive is using free energy from your roof for your home and even your electric car.
Costs and Savings
Installation costs average £6,000, with payback within four to six years, down from 10-12 years. Cheaper options like portable plug-in panels are emerging, with Lidl selling them for £400. These can save £70-£110 annually, though they won't power your whole house.
Before You Buy
Sait advises choosing a reputable installer and quality products to avoid fire risks. 'Be careful of cowboy elements,' he warns. Solar panels won't eliminate bills but can reduce them while helping the planet.
