Solar PV could pay off as soon as three years amid energy price cap rises

Solar PV on a house roof with a blue sky and sunshine shining down on them
The payback from solar PV would be as soon as three year if energy price forecasts are accurate (Image credit: Getty Images)

Solar PV could save households as much as £3,000 a year if energy price rises continue as expected in 2023, according to analysis by industry experts.

A set of graphs compiled by Green Building Renewables, which specialises in solar energy, heat pumps and electric car charging, plot the cost of installing solar panels against predicted electric and gas prices.

Amy Willis
Web Editor

Amy spent over a decade in London editing and writing for The Daily Telegraph, MailOnline, and before moving to East Anglia where she began renovating a period property in rural Suffolk. During this time she also did some TV work at ITV Anglia and CBS as well as freelancing for Yahoo, AOL, ESPN and The Mirror. When the pandemic hit she switched to full-time building work on her renovation and spent nearly two years focusing solely on that. She's taken a hands-on DIY approach to the project, knocking down walls, restoring oak beams and laying slabs with the help of family members to save costs. She has largely focused on using natural materials, such as limestone, oak and sisal carpet, to put character back into the property that was largely removed during the eighties. The project has extended into the garden too, with the cottage's exterior completely re-landscaped with a digger and a new driveway added. She has dealt with de-listing a property as well as handling land disputes and conveyancing administration.