A report highlights that poorer households could reduce their energy bills by 24% with rooftop solar panels. However, high installation costs, averaging around 6,500 for a 3kW system, hinder access for low-income families. The Resolution Foundation suggests government intervention through means-tested grants or loans to make solar energy affordable for those in fuel poverty, defined as spending over 10% of disposable income on energy. Such initiatives could potentially lift 1.2 million people out of fuel poverty and contribute to the UK's decarbonization efforts.
The upfront costs of solar panels prevent poorer households, who could cut their energy bills by a quarter, from accessing this energy-saving solution.
Economists emphasize the need for means-tested grants to help fuel-poor families install solar panels and benefit from reduced energy costs.
Collection
[
|
...
]