After British households made a record £31million from rooftop solar panels, GB News asks its members if they would install the renewable energy generator in their own home.
Energy providers paid out a staggering £30.7million to 283,666 households that exported renewable energy back to the grid – roughly £108 per household.
The data released related to those involved in Ofgem’s Smart Export Guarantee (SEG) scheme.
The number of households using the scheme more than tripled last year, rising from 92,946 in 2022.
Rising electricity prices and falling installation costs have led to a surge in rooftop solar installations in recent years.
Solar panels have become even more popular after household bills spiked following Russia’s invasion of Ukraine.
The last Tory Government provided further incentive by axing VAT on solar panels in 2022.
Labour’s Energy Secretary Ed Miliband is continuing with the push in what many have dubbed a “rooftop revolution”.
Ed Miliband
PA
Despite many households benefiting, homes with solar panels tend to receive just a fraction of what they pay for electricity.
Installing solar panels also costs an eye-watering £5,000.
However, the majority of the benefits come in the form of lower bills generated by solar bills.
It takes just over a decade for a London household to make a profit after installation, the Energy Saving Trust has claimed.
A field full of solar panels
PA
Scottish households will take even longer to break even, with homes north of the border needing to wait up to 14 years.
Local authorities have also joined the push for more solar panels in recent years.
Grantham Meres Leisure Centre is getting an additional 574 panels, funded by a £399,000 grant from Sport England’s Swimming Pool Support Fund.
However, South Kesteven District Council said the installation should save around £50,000 a year in energy costs.
As British households rake in £31m from solar panels – would you have them on your home? Have your say by leaving a message in the comments section below.