Drawing from the MCS Installation Database, this latest report by Solar Energy UK shines a light on the indisputable financial benefits of solar PV for homeowners – adding up to £1,800 to the value of a typical home.
In doing so, it highlights the vital role small-scale renewables play in increasing the market value and reducing the carbon footprint of our homes.
The data speaks for itself: solar PV is a proven economic and environmental solution to futureproofing our homes. It already puts cost savings back into consumers’ pockets, and with the ongoing electrification of heat and transport, its financial performance will only improve in years to come.
We echo Solar Energy UK’s calls for relevant sectors to help maximise the use of solar PV on the UK’s homes, from property development and finance to construction. This should undoubtedly be backed by sustained government support for domestic renewables in general, including long-term consumer incentives and broader green retrofit programmes.
The current outlook and future for solar is bright – and we can do even more as we reach for net zero.
View the report HERE
The Value of Solar Property is a ground-breaking report that looks at the financial benefits of residential rooftop solar systems.
The research findings – which included statistical analysis of more than five million property transactions – are clear. The return on investment makes upgrading a home with a solar power system an easy and straightforward way to lower a property’s running costs and increase its value while also reducing its environmental impact.
The report describes and explains these in detail, based on case studies for homes around the UK. It also makes recommendations for how government and the property development, finance and construction industries can help ensure the deployment of solar and energy storage systems on new and existing homes. Doing so would ensure that homeowners, renters, and landlords make the most of the contribution that Solar's clean, affordable power can make to their properties. This is vital if the UK is to meet its legally binding target of achieving a net zero economy by 2050.
Contact Solar Energy UK for more information on this report.