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With fuel bills set to double by 2023 is it worth installing solar panels on your roof?

With fuel bills set to double by 2023 is it worth installing solar panels on your roof?

With fuel bills set to double by 2023 is it worth installing solar panels on your roof?

The annual fuel price is set to rise by 8 pence so by 2023 your electric bill could be more than double the price it is today. Consumers seeking ways to cut their power bills are asking: ‘Do solar panels make sense for me?’

If you do decide to put solar panels on your roof it means you would not only save yourself money but you will gain funds from the government for putting energy back into the grid.

The solar panels themselves convert daylight into electricity so even on a cloudy day your home is energy efficient, although sunny days are much better for generating power.

The power is then used to run your electrical appliances in your home though only while the panels are generating. The technology cannot yet store the power for use round the clock.

You get paid for every unit of energy they generate. Whether you use it yourself or feed it back to the National Grid.

A meter measures the amount of electricity generated. Ever y three months you will get a rebate from your power company.                                                    

From April 1, you’ll get 14.8p per kWh (kilowatt hour) for each unit of electricity generated. In addition, you’ll get an extra 4.6p for units sold back to the Grid

To find out more, visit the Energy Saving Trust website.