As the owners of British Gas – Centrica – report a 1% rise in profits against last years figures, they also warned that gas prices could be 15% higher by next Winter*.
It’s a real ‘see-saw’ of prices for households – as energy prices continue to rise, so installation prices for renewable energies like solar panels power continue to fall.
A typical 4kWh solar pv system was costing an average of £12,000+ this time last year, but with falling installation and manufacturing costs, you could find the same system for upwards of £8,000 today.
That’s before any individual solar installation companies promotions or offers.
The feed-in tariff might be falling, meaning a slightly longer pay-back period on your installation before you start recouping on your investment, but the Government reckons it’s aiming for a return rate of around 5% for investors who put their money where their roof is.
And if gas prices are going to rise by 15% next Winter, then the benefits and cost savings of generating your own energy become ever clearer.
Get your solar panel installation quote – online, in a matter of minutes, from Solar Panel Quoter .co.uk.
photo credit: dbgg1979