Thursday 18 January 2024

Brits set to slash bills with energy saving trials

The UK Government has allocated funding to twelve projects to improve household energy efficiency.

The initiatives, collectively receiving up to £16 million, include a solar panel subscription service and 'green mortgages' to empower families to reduce costs and environmental impact.

Sunsave, receiving £1.9 million, will explore its Electric Roof project, which seeks to simplify the installation of solar panels.

Instead of upfront costs, homeowners will pay a monthly fee covering monitoring and maintenance, along with access to 'smart tariffs' offering different electricity rates.

E.ON's Energy as a Service has secured £1 million to pilot an energy advice platform and fund low carbon technology adoption for up to 350 households.

Projects receiving funding include Perenna, granted £888,000 for developing a long term, fixed rate "green mortgage.

Lord Callanan, Minister for Energy Efficiency and Green Finance, said: "We are always looking to test progressive ways to make energy saving measures more accessible and affordable, allowing people to make their homes greener and warmer."