Homeowner Blog

Are Solar Panels Worth It in 2021? Yes, Solar Power Costs 8p/kWh!

Erica Charles · 17 Feb 2021

Recent years have seen significant shakeups to the economics of solar power. Since the Feed-in Tariff closed to new applicants in 2019, photovoltaics are no longer subsidised. Later that year, solar tax rates also got a shakeup, meaning not every installation is eligible for 5% VAT. So, 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 environmental benefits to be gained from installing solar, installing residential battery storage, driving an electric vehicle etc. Not least because they all contribute directly or indirectly to tackling air pollution and the climate crisis.

Back to the financials. The solar 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 8p per kWh. This is well below the 16p average domestic import cost from the grid (which, by the way, increased by an average 4.75% each year over the past decade...).

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Topics: Financing, Solar PV

Green Homes Grant: Solar PV Not Included

George Riley · 06 Aug 2020

As part of his summer mini budget, the Chancellor announced the Green Homes Grant back in July. Now the details have been released, revealing which technologies will be included to help homeowners make their properties more energy efficient. We can confirm that solar PV will not be included in the grant.

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Topics: Financing, Solar PV

Electric Car Charging Grants Only for Smart Chargers from July 2019

Erica Charles · 17 Jan 2019

The government says it wants the UK to be the best place in the world to build and own an electric vehicle.

To support this, it needs the National Grid to be smart, with a finely tuned set of tools available to balance demand and supply.

With this in mind, the government has announced that from July 2019, the grant of £350 per chargepoint available for home and workplace chargepoints will only be given to people installing smart chargers to charge their electric car.

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Topics: Financing, EV charging