With the growing concern over energy prices and the pressing need to combat climate change, many UK homeowners are exploring the idea of installing solar panels on their homes. Solar energy has gained popularity for its ability to reduce carbon emissions and lower electricity bills. However, there's a dark side to this sunny industry: an alarming rise in online scams.
Whether you're curious about the benefits of solar energy, want to understand the installation process, or are eager to learn about the latest innovations in the solar industry, we've got you covered. Our newsletter is packed with expert insights, helpful tips, and answers to all your burning questions about solar power.
Data from Action Fraud shows that online solar scams have increased by 50% in the last year, a trend spurred on by the rising popularity in solar power. The government currently estimates that 230,000 installations will be made this year, raising the number of solar panels on roofs from 1.24m to 1.47m.
A typical household using 4,000kWh will save £550 in their first year investing in solar, equating to a potential £15,500 in savings over a 25 year period. With this increase, scammers are preying upon potential customers looking to make good by their purses and the planet.
So, approach ‘too good to be true’ solar schemes with caution. This click-bait is designed to lure you in over unrealistic ‘freebie’ schemes that don’t exist.
From October, a typical household will pay £1,923 a year for its gas and electricity bills. The average domestic solar panel system is 3.5kWp and costs around £6,000. This means if a scheme is offering a solar panel system for less, it could be a scam.
Loop’s Energy Doctor, Dr Steve Buckley, says:
“With uncertainty over future energy prices, changing demands for electricity due to electric vehicles and heat pumps, and the urgency to cut carbon emissions, the benefits of solar are undeniable.
“A great way to evaluate the impact of solar on your home is with a tool like Loop’s free in-app Solar Simulator. Using your energy data, details about your house and weather information, this feature allows households to test how solar panels and a home battery could work, showing the actual difference it could make on your monthly bills and self-sufficiency.
“Working with trusted industry partners, Loop can also help households continue their solar journey to installation.
“Don’t be put off by misleading online schemes, as solar panels can offer households great savings. It’s important consumers keep an eye out for click-bait claims, and most importantly, do their research. We are always on hand to support our customers, especially when it comes to understanding energy savings.”
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