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Household annual benefits of solar panels ‘have risen by nearly £100’

The average combined savings and income households made from installing solar PV panels has increased by nearly £100 a year, according to the Energy Saving Trust.

Figures collated by the EST showed that the annual net benefit from solar PV panels has risen to £635 from around £540 per year.

The average size of solar PV installed has increased, said the EST, meaning households generated more electricity and consequently more savings and feed-in tariff income.

However, of the third of Brits approached with solar panels last year only 4 per cent chose to purchase them.

Ian Cuthbert, renewables expert from the Energy Saving Trust, said “We hope the latest data and figures will provide householders, whose homes are appropriate for solar panels, with the reassurance that they will be making significant savings and income as a result of the installation. These savings could be even higher if householders take steps to reduce the amount they export to the grid by shifting some of their electrical demand to during the day when the solar PV system is generating.”