• Solar panel installations rose by almost 50% last year, new figures show
  • High energy bills are behind the rise – but panels still have their naysayers 

The rate of new solar panel installations on homes reached a seven-year high in 2023, according to new analysis.

More than 161,494 new solar panels were installed on homes last year, which is a 44.6 per cent increase on the 111,713 new installations in 2022.

The increase was revealed by Coventry Building Society analysis of government solar panel figures.

The rate of new SP installations is now at the highest level since 2015, when the total for the year was 179,137.

But much of the 2015 spike was driven by government subsidies for solar panel installations, which were cut down in 2016.

The 2023 boom in solar panel fitting was likely caused by households looking to bring down high energy bills.

Solar Panel Installations

The average home is currently paying gas and electricity bills of £1,928 a year, limited by the Ofgem price cap

The highest year on record for solar panel installations was 2011, when 200,589 panels were installed – this was following the launch of the Feed-in Tariff scheme in 2010.

This paid solar panel owners for any electricity they did not use, which could be effectively sold back to the National Grid.

Read more: ThisisMoney

For more information on Solar Panels and Battery Systems in Hertfordshire contact Tanjent Energy.