Electricity prices only seem to go up – and this year is no exception. Prices will increase for SSE (9%), NPower (9.1%) and British Gas (6%) and other big suppliers are set to follow suit. Rather than switching suppliers to find the best deal, why not beat the price rises by installing solar panels instead? 

Solar panels allow you to become independent on future price rises of electricity suppliers. During daytime, you generate electricity that you can either use yourself or export to the grid (and receive 4.5 pence per kWh). At the same time, you get government subsidy for every unit of electricity that you generate (16 pence per kWh). This can account to well over 500 pounds per year – and hence pay for any electricity you’d use at when the sun doesn’t shine.

The payback time of solar panels tends to be 7-8 years for roofs between the South-West and South-East. Panels tend to last well over 25 years, and the Feed-in-Tariff is guaranteed for 20 years, tax-free and inflation adjusted. That means that after the first 8 years you’ll still have many years left of government subsidy and free electricity. And yes, that means free, so no further price rises.

Beat electricity price rises – enter you postcode and go solar now!