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The Bank of England has forecast a record 15% rise in domestic gas bills and a 10% hike in electricity in the second half of 2011 – triggered by political unrest in the Middle East and natural disasters in Japan. With inflation set to hit 5% and the Government unexpectedly raising a supplementary tax charge on North Sea oil and gas producers, British consumers could be in for a hard winter.
The VAT rise earlier this year to 20% has seen the cost of living increase and is predicted to hit families hard, costing between £150 and £561 over the course of one year. Installing Solar Panels is a way to beat the VAT increase and could see the average family saving up to £250 a year in energy bills.
Solar Panels can cut your carbon footprint by 1 tonnes of CO2 per year – around 25 tonnes over its lifetime – as well as producing approximately 40% of the electricity a household uses in a year. Solar Panels can make consumers up to £1500 a year, index linked and tax free.
With predictions of soaring energy bills, the rise in VAT and inflation, the next six months are set to be tough for all British consumers. However, there could be a novel way to beat the belt tightening, as installing Solar Panels could offer savings of up to £250 a year.
So, how best can we take advantage of green energy?
Joining us to discuss this further is Toby Darbyshire, a solar expert from Engensa.
What does the research reveal about green energy in our area?
So why are energy prices set to rise so much in the next six months?
What makes solar energy so appealing for consumers?
What are the benefits of solar power – can we really make money from it?
So if our listeners are interested in installing Solar Panels, what are their options?
Where can we find out more information?
