Future Retirement Success
  • Politics
  • Business
  • Investing
  • Stocks
  • Politics
  • Business
  • Investing
  • Stocks

Future Retirement Success

Business

Number of UK homes installing rooftop solar panels highest in over seven years

by April 27, 2023
April 27, 2023

The number of households installing rooftop solar panels reached its highest level in more than seven years in the first months of 2023 as energy-bill payers turned to renewable energy to guard against spiralling costs.

Industry figures show that more than 50,700 households installed arrays between January and March, more than double the number in the same months last year and the highest figure since late 2015.

The rooftop solar panels installed in the first quarter between them account for 265 megawatts of power, or half that of a typical coal-fired unit.

Gareth Simkins, a spokesman for Solar Energy UK, said the number of installations has climbed steadily in recent years as households have become increasingly aware of the benefit to household bills and concerned about the environment.

“In the last year, solar installations have been driven by the energy crisis. The war in Ukraine has driven energy bills higher and there has been a greater awareness that solar panels can help to save on costs,” he said.

The competition watchdog launched an investigation last year into the domestic green power and insulation industry over concerns that households were not being treated fairly as they scrambled to cut energy bills. The Competition and Markets Authority said it was “concerned about the potential for poor practices, such as making misleading claims about potential cost savings, product performance and suitability”.

The boom in new rooftop solar units, recorded by installers registered to the UK’s micro-generation certification scheme (MCS), was also more than double the number of installations reported during the first quarter of 2019, which marked the end of the government’s Feed-in Tariff (FiT) subsidy scheme.

Solar installations reached a peak in late 2015 as households rushed to take advantage of lucrative government payments through the FiT scheme, which were cut by 65% from early 2016. The scheme was closed entirely in 2019.

The Labour party accused the government of “actively dismantling” the UK’s solar industry after its decision to close the scheme without a replacement led to a collapse in installations and caused many smaller firms to go bust.

Despite the recent boom, only 4.4% of the UK’s electricity is generated from solar, compared with 35.9% from gas and 23.3% from wind, according to figures from National Grid.

The MCS gathers data from certified installers of rooftop solar panels, home batteries and heat pumps. It recorded its highest number of home batteries for the quarter with 351 systems installed, half the total number of installations by accredited installers to date.

The actual figures for the installation of rooftop solar panels and batteries are likely to be higher than the MCS tally, which does not include work undertaken by unaccredited installers.

Read more:
Number of UK homes installing rooftop solar panels highest in over seven years

0
FacebookTwitterGoogle +Pinterest
previous post
Train operators and union leaders criticise draft UK strike laws
next post
Reviewpad raises €1M to streamline code reviews with AI

You may also like

Rachel Reeves urges end to remote working in...

September 23, 2024

Fenix Charity Fund’s Impactful Year of Support for...

December 26, 2024

New research shows optimism on the high street...

November 15, 2023

Kevin O’leary joins billionaire’s bid to buy TikTok...

January 8, 2025

Gary Lineker wins £4.9 million tax battle with...

March 28, 2023

Microsoft staff to get unlimited leave

January 12, 2023

Tesco accelerates price cuts amid easing inflation and...

October 4, 2024

How to network effectively from a remote setting?

July 3, 2024

Fashion Accessories Best Suited for Latex Clothing

February 5, 2025

Dame Jayne-Anne Gadhia in talks to sell money-saving...

July 14, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free

    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Recent Posts

    • How Automated Packaging is Revolutionizing Supply Chains

      May 15, 2025
    • Business Settings that Need Rolling Shutters

      May 15, 2025
    • What’s Driving the Drop in Overdose Deaths?

      May 15, 2025
    • The real breakthrough in U.S.–China trade talks is much bigger than just tariffs

      May 15, 2025
    • Dem senator says ‘no doubt’ Biden declined cognitively during presidency

      May 15, 2025
    • Trump makes historic UAE visit as first US president in nearly 30 years

      May 15, 2025

    Categories

    • Business (7,968)
    • Investing (1,960)
    • Politics (15,230)
    • Stocks (3,084)
    • About us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: futureretirementsuccess.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 futureretirementsuccess.com | All Rights Reserved