'I installed solar panels on my house - it saves me £1,200 a year on electricity'
Approximately 9,400kWh of this energy was generated by solar power.
Over the past year, Andy has paid his provider Octopus £886 for the 7,089kWh extra electricity he needed to power his home. He has also paid £330 for gas.Andy took out a £4,500 loan out for his solar panels with Allium Money. He has to make a minimum monthly repayment of £53, which means he would pay £1,938 in interest.He has a 30-year warranty on the panels, but said solar panels should last 40 to 50 years.
But there is a catch to using the solar panels - Andy's energy usage is higher than average because he's using electric heaters to warm his home to avoid switching on his gas central heating.Andy is on an Octopus Go tariff, which means he is charged a separate rate for electricity used during the day, compared to during the night.
Homes with solar panels that produce more energy than they use can also choose to sell power back to the grid - this could leave some households in profit. And while the cost of electricity has soared in recent months, the price households are being paid for selling excess power has not kept up with the rising rates.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Fiancé left a 'broken man' after partner hid 200 tiny toy babies in their apartmentAn Amazon reviewer says they drove their fiancé crazy by buying 200 tiny babies on Amazon - before hiding them everywhere imaginable in their apartment.The person in question left the lengthy review on the site, and after someone spotted it, it quickly went viral.'Hearing his deep exhausted sigh fol...
Read more »
Hepatitis: Nearly 200 cases of severe liver inflammation found in children around the worldThe first case was reported in Britain this month with the outbreak now covering at least 12 countries including Japan, the US and Israel.
Read more »
Scottish cricket racism review hears from 200 witnessesSportscotland ordered an independent inquiry after numerous complaints from within the game.
Read more »
Hepatitis in children: Nearly 200 cases as it is now detected in Japan and CanadaSo far the UK has reported 114 cases of severe, acute hepatitis ‘of unknown origin’ in children under the age of 10
Read more »
California Sunshine Could be Key to Combating DroughtMeet the engineer calling for solar panels to be installed over canals to save billions of gallons of water a year
Read more »
Martin Lewis's 'downshift challenge' could save families A TON on their food shopIt could save you up to £1,500 a year!
Read more »