What can seem like a large initial outlay can pay off fairly quickly!
Most recently, the average electricity bill in the UK was around £600 per year. But there's quite a bit of variation around the UK, due to differences in household energy consumption and the price paid per kWh for electricity in different regions.
According to the Department for Business, Energy & Industrial Strategy, UK electricity prices per kwh were 17.2 p/kWh in 2020—but the average kwh cost UK ranged from 16.7 p/kWh in Yorkshire to 18.4 p/kWh in Merseyside & North Wales.
Do you feel like energy prices have been rising? If so, you're right! Average unit costs have risen a remarkable 48.2% from 2010 to 2019. This historical average unit cost data is based on consumption of 3,800kWh/year as produced by the Department for Business, Energy & Industrial Strategy.
In fact 2021 has been a bumper year for energy price increases hitting an incredible 12% rise!
If we apply the same logic and expect a similar increase of 48% over the next ten years by 2030 we will be paying on average 27.9 p/kWh!
The average home consumes 3800 kWh per year. This will increase the average energy bill from around £650 per year to over £1000 per year.
Installing solar panels can seem like a large initial outlay. However, if you pair them with a battery storage system you can virtually eliminate any need for electricity from the grid taking your bills to near £0!
With the annual increase in energy prices you will be protecting yourself from these hikes, not to mention you can sell any excess power back to the grid. It’s about time the energy companies paid us!
Call us today for a FREE Solar PV design!