With each of the big six energy providers rising prices twice in the last year alone, and energy bills expected to continue to rise in the long term, it is unsurprising to find that four in five (78%) of those with solar panels installed them to protect themselves against future price hikes.
But while cutting costs is the main reason to get solar, it is not the only reason. Of those with panels, more than seven in ten wanted to make money from the Feed-in-Tariff (FIT), while six in ten (62%) wanted to do their bit for the environment.
And with savings rates so low, four in ten people (37%) think that solar offers a good return on investment. However, among those with solar, this increases to more than seven in ten (71%), while more than four in ten (43%) of solar customers wanted to add value to their property.
However, although nine in ten (88%) who installed solar panels would recommend them to their friends and family, not everyone is singing their praises. One in ten of all consumers (10%) think fitting the panels are more effort than they’re worth, and over half of households without solar power (58%) believe that it is just too expensive.
Kevin Sears, energy efficiency expert at uSwitch.com, said: "I would also urge the Government to better promote the benefits of solar. By doing all they can to ensure UK homeowners are well informed, consumers may become more plugged in to solar andreap the financial rewards."
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