Solar reboot: the price cap effect

With the eye-watering cost of the average energy bill, many are looking for ways to save and are coming to the same conclusion after crunching the numbers - solar now makes financial sense for more households. Payback is already 30% faster than before April's price cap increase and the numbers will make even more sense if the price cap increases by the forecast 70% in October.

Once the lucrative solar feed-in tariffs had come to an end, often the main reason for households to install solar was to cut their carbon footprint as a typical array can save 1.6 tonnes of carbon emissions each year. However green solutions such as solar panels and electric vehicles can also make sound financial sense due to rising energy costs. If you have been considering it, you're not alone - one solar firm reported that in the weekend after April's price cap rise, enquiries for solar rose by 300%!

So, should you go for solar?

If you're deciding whether solar panels are right for you, it pays to think long-term - considering both the energy crisis and the climate emergency. With an uncertain outlook, solar could be a good investment to get back some energy security, future-proof your energy bill and cut your household's carbon emissions.

Take the first step with Loop!

Using your energy data, details about your house and weather information, we can show you the actual difference solar power could make to your monthly bills and reliance on grid energy. Find out if it makes sense for you before investing with Loop’s solar simulator. If you have a smart meter, sign up for free to get started. We can get up to 13 months of energy data from your smart meter almost straight away, so your solar simulation and self-sufficiency calculations will be available shortly after sign up. Loop gives you the solar answers you can't get elsewhere!

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FROM THE LOOP BLOG:

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How much is your hot tub costing you?

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FROM AROUND THE WEB:

Passivhaus: a truly energy-efficient home

Homes with Passivhaus standard, a certification for a highly energy-efficient home, might seem few and far between. But as more people look to cut their eco-impact, they’ve had a rise in popularity. Energy Saving Trust dives into the details.

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Energy bills explained

A survey of Which? members revealed that 75% are worried about their rising bill. Take back control of your bill, starting with understanding the basics. Which? investigates everything from why prices are rising to how to reduce your energy use.

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That's it for this week, but if you have any questions, drop us a line to support@loop.homes or check out the Knowledge Base.

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Wishing you all the best

The Loop Team

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