Understanding the January 2024 Energy Price Cap
What does this mean for the Solar Industry?
It has been determined that from January 1st, 2024, homeowners will face an energy price cap rise that can reflect a 5% increase from October. This results in each household cap going from £1,834 to £1,928, due to the increase of wholesale gas within the last months of 2023. This has caused distress throughout many households and has further highlighted the importance of sustainable energy solutions.
Through the use of Solar and PV products, the hope for the reduction of monthly energy bills is not lost. Although a 5% increase sounds minimal, for families and people struggling, this difference can be an unattainable goal. This is unacceptable and is one of the many reasons why companies, such as Sunvolt, are such strong advocates for sustainable and solar energy solutions.
Exploring and adopting alternative energies will curb, deescalate, and reduce the fear of the continuous bill increase within the energy sector. There are economic as well as environmental advantages to using solar power, as stated further below.
How Going Solar Can Help You
This sustainable and eco-friendly avenue for homeowners will enable long-term electricity bill savings. This will also reduce the heavy reliance on the national grid, through the clean and renewable energy source of the sun. This is the most cost-effective way to move forward into a greener future.
Additional noteworthy benefits include the lesser use of fossil fuels and air pollution, with the production of renewable energy that in turn can be recycled. These all heavily contribute to a society with a smaller carbon footprint. Thus, doing your part for climate change, as well as helping your seemingly ever-growing electricity bill.
Next Steps
By contacting the Sunvolt team, we can assist you in the next steps for making this renewable energy change. In addition to cost savings and the environmental benefits resulting in less harmful emissions being produced; there are also governmental incentives.
You may qualify for incentives and subsidies for the initial investment. This is to try and make the solar industry more accessible. You can research this further through the government’s website. The government’s mission is to increase the solar capacity 5 times by 2035. To achieve this goal, they have put teams in place to create and install more solar panels.
Through the development of new solar farms on non-protected land, it is estimated hundreds of thousands of homes can be powered. Solar and sustainable energy is being integrated more into people’s lives. If the governments aims are carried out and fulfilled, this should assist with environmental and economic concerns.
Overall, going solar has numerous benefits that Sunvolt would be more than happy to discuss further with you. Due to the energy crisis being out of the hands of the public, this is your opportunity to take back control of how you manage your electricity bills. Going solar gives you the opportune moment to become more self-sufficient, more cost-effective, and more environmentally conscious.
