Homeowner Blog

It’s now been three years since solar subsidies were phased out and tax rates first hiked, then dramatically scrapped. At the same time, electricity prices have continued to rise, especially during the recent energy crisis. So what does this mean for the economics of solar power? In short, are solar panels worth it today?

Speaking purely from a financial point of view, the answer is a resounding yes. Of course beyond the financial, there are many other benefits, including energy independence and reduced air pollution.

Back to the financials. The solar Feed-in Tariff subsidy may have ended, but the cost of the technology has fallen by more than 50% over the past decade. Overall the cost of domestic solar electricity is now around 9p per kWh. This is well below the 22.36p average domestic import cost from the grid (which, by the way, increased by an average 4.9% each year over the past decade...).

In just a few months, an energy crisis has become a cost of living crisis.

The energy crisis is largely driven by the cost of natural gas, which has rocketed due to global supply issues, Covid, and geopolitical tensions. The wholesale price of gas in January was about 4 times higher than the previous year:

The Smart Export Guarantee (SEG) has now been in effect for over two years, since it came into law on January 1st 2020. It’s the mechanism to ensure solar PV owners are paid for the power they send to the grid, ending the policy void that existed since the Feed-in Tariff closed to new applicants in March 2019.

According to the SEG, energy suppliers with over 150,000 customers must offer an export tariff with a rate greater than zero. The SEG is available for customers with an MCS-certified renewable energy system under 5MW and a second generation smart meter.

With zero as the minimum, at the very least you can’t be charged for being relieved of excess solar power. However, suppliers don’t have to give you very much for it. So how much are they offering in practice?

Powerwall has been around for almost six years now, and one of the reasons we like it is that Tesla is always innovating and improving the product. Often, this comes in the form of over-the-air updates to the battery’s software.

The latest feature is the ability to take your Tesla Powerwall off-grid and supply your home as if there were an outage. This has launched alongside the news that Powerwall is now suitable for off-grid installations. Read on to find out more about both…

More and more of our clients are investing in solar battery storage alongside their PV. In this time of energy crisis and price hikes, it pays to use as much solar power at home as you can, rather than shelling out for grid electricity.

When choosing your storage solution, it’s worth considering solar battery monitors. Whether you’re a techy person or not, you probably want to be able to see what your battery is doing. Physically it won’t give anything away, so the only way you can tell how much energy it’s stored or supplied to your house is via its monitoring system.

‘I would get solar panels, but they’re just so ugly’ is an oft-heard refrain, from those who presumably prefer the polluting aesthetics of gas and coal plants. But they have a point. The traditional solar panels aren’t that pretty (though, we’d argue, no less so than TV aerials, satellite dishes and other rooftop paraphernalia).

The good news is that the days of glittering blue PV are in the past. We now only install black solar panels, which not only look a lot sleeker and more uniform, but generate more electricity. It’s win-win!

We often get enquiries from people who already have solar panels installed on their roof, but are keen to increase the amount of renewable energy they can produce. This might be because they had a battery fitted, or maybe their consumption has gone up with a new heat pump or electric car.

So what steps are there to overcome if you want to add more solar panels to your existing system to try and reduce your electricity bills even further?

Our clients are often keen to see what happens during the installation process ahead of time. As the proud recipient of Tesla’s Performance Excellence award, we’re delighted to pull back the curtain and give you a behind-the-scenes look at a recent Tesla Powerwall installation.

For the past few years, electric car owners have benefited from government support to buy their new chargepoints. But all this is set to change early next year.

The Office for Zero Emission Vehicles (OZEV) grant, or the Electric Vehicle Homecharge Scheme (EVHS) as it’s officially known, is closing to most homeowners.

It’s done its job, as the UK now has at least 300,000 private residential chargers (as well as over 26,000 public charging stations). Additionally, the government plans to make EV chargepoints compulsory in new build properties with parking spaces.

Getting your latest electricity bill is rarely a fun experience, yet it seems to become ever more painful. With wholesale prices soaring, the energy industry is in turmoil and we will all end up bearing the financial brunt.

On top of this, the national grid has undergone a huge transformation in the past decade from coal-heavy to embracing wind and solar, the costs of which have crashed. So there’s a logical disconnect - why are electricity prices rising if renewables are getting cheaper?