Turning homes into solar power generators could save up to £600 a year on household bills, a new report has claimed.
In the paper, published by SPECIFIC Innovation and Knowledge Centre, it is claimed that by sharing storage with neighbours and installing solar panels the average household can expect to cut bills by more than 60%.
The report believes that these changes would also have a national impact if 1 million homes converted, such as reducing peak generating capacity by 3 gigawatts, equivalent to a large central power station, bringing down carbon dioxide emissions by nearly 80 million tonnes over 40 years and benefiting the UK economy through investment in a new industry
Andris Bankovskis, energy expert and report author, said: “The scale of the potential impacts is compelling, and demands that we make considered decisions about how we meet housing needs sustainably.
“It suggests that if we are prepared to take some bold decisions about the way energy is supplied and used in our homes, the rewards could be significant and lasting.
“The report is timely as it comes only weeks after the government announced measures to make it easier to store power in batteries, and pledged to phase out new petrol and diesel engines in cars in favour of greener options by 2040.”
Kevin Bygate, Chief Executive at SPECIFIC, said: “Today’s report shows that households and the country as a whole can benefit if we design our homes to be power stations. The technology works, so what we need now is to build on our partnerships with industry and government and make it happen.