The cost of installing solar panels got slightly cheaper after Chancellor Rishi Sunak announced in his Spring Statement that VAT on energy-saving devices will be cut to zero. It will also make it cheaper to install other energy-efficient measures like insulation, wind and water turbines and heat pumps in your home.
With energy prices spiralling, is it worth spending the money installing the panels on your home to save money in the long run? Recent data published by Ofgem shows that the average UK energy bill was £95 per month, or £1,138 a year in September 2021, with prices set to soar on April 1 when the energy price cap rises.
