Hold onto your wallets – energy bills are about to go up again! From 1st April, the Ofgem energy price cap is increasing by 6.4%, bringing the average annual bill to £1,849 for a typical household. If you’re on a standard variable tariff, this means your energy costs are going up whether you like it or not.
While some fixed tariffs are cheaper, there’s no guarantee they’ll stay that way. And with wholesale energy prices fluctuating, many people are wondering – how do we escape this unpredictable cycle?
Well, we’ve got another option for you: solar power.
Why installing solar panels makes more sense than ever
When energy prices rise, solar panels become an even smarter investment. Here’s why:
1. Slash your energy bills
With solar panels, you generate your own electricity, reducing how much power you need to buy from the grid. The more energy prices go up, the bigger your savings. Depending on your system size and usage, you could cut your electricity bills by 50-70%!
2. Protection from future price hikes
With solar panels on your roof, you’re less affected by price cap increases. The energy you generate is yours, free of charge. So if and when Ofgem announces another price cap hike, you’ll sit comfortably with lower bills.
3. Get paid for your excess energy
With the Smart Export Guarantee (SEG), any extra energy you generate can be sold back to the grid. Some suppliers, like Octopus Energy, offer the best rates on exported solar power. This means your panels can even make you money.
4. Exclusive Octopus energy credit for SWH solar customers
Speaking of Octopus, did you know SWH is an Octopus Trusted Partner? That means when you install solar with us, you get access to an exclusive energy credit when you switch to an Octopus tariff. That’s extra savings on top of the already great benefits of solar.
5. Lower your carbon footprint
You reduce your reliance on nonrenewable sources by generating your own clean, renewable energy. Not only does this help the planet, but it also protects you from future government ‘green levies’ that could push energy prices even higher.
But isn’t solar expensive?
We get it – solar panels are an investment. But with energy prices rising and incentives like 0% VAT on domestic solar panel installations, there’s never been a better time to make the switch.
Plus, with financing options available, you can start saving from day one without paying everything upfront.
Stay in control of your energy
The energy market is unpredictable, but your electricity bills don’t have to be. Installing solar panels gives you control, stability and long-term savings. So the next time Ofgem announces a price hike, you can smile knowing your energy costs are under control.
Want to find out how much you could save?
Get in touch with SWH today for a free survey and quotation.
