Can putting in solar panels assist me keep away from rising energy costs? – Sky Information

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With energy payments already hovering and the energy worth cap set to rise once more in October, some persons are questioning if there’s something extra that may be performed.

One query that appears significantly pertinent this week as temperatures soar is whether or not it’s price turning to solar energy to keep away from rising energy payments – and whether or not you will get any assist in direction of the price of getting it put in.

Our skilled Gemma Godfrey is available to present her recommendation:

Making your home extra energy-efficient may help get monetary savings over the long run, in addition to preserve your home hotter and doubtlessly enhance its worth too.

The authorities used to supply interest-free loans and grants as a part of the Green Deal Home Improvement Fund, however this was closed in 2015.

The excellent news is that the price of solar panels has dropped dramatically over the past decade (by 88%), they’re VAT-free and there is additionally the prospect of getting paid for the energy you do not use.

Some corporations and banks provide householders low-interest loans to assist make the swap to solar, however test the affordability of the reimbursement plan.

There’s additionally the Energy Company Obligation (ECO) which requires massive energy suppliers to assist the set up of energy-saving measures within the houses of individuals receiving sure advantages. Eligibility may be assessed on-line.

Gemma is a enterprise advisor, finance skilled and TV host, an envoy for the charity Surviving Economic Abuse, and a former boardroom adviser to Arnold Schwarzenegger on The Apprentice.

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