Households could save up to £565 a year on energy bills – helping ease the pressure of rising bills.
As the cost of living crisis continues, gas and electricity costs have caused a major strain on family finances and since the pandemic Britons are looking for ways they can save cash.
With the energy price cap currently at £1,738 a year for a typical household, finding ways to cut those costs is more important than ever.
Customers with major suppliers such as British Gas, OVO energy, EDF, and Octopus Energy are urged to consider one upgrade which could help save on bills as well as increase the value of their home.
Experts have explained the ways Britons can upgrade their home which will in turn result in huge savings being made.
Households are warned the energy price cap could rise again in April
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As energy prices continue to rise and households face mounting bills, solar panel experts from Grant Store are urging homeowners to consider investing in the latest energy-efficient technologies.
While these upgrades come with upfront costs, they promise major savings over £500 and environmental benefits over time.
Gareth Whitehill, energy expert at Grant Store said: “Heat pumps and solar panels aren’t just good for the environment – they’re great for your wallet. With the energy price cap currently at £1,738 a year for a typical household, finding ways to cut those costs is more important than ever.”
Solar panels can generate up to 4,000 kWh of electricity annually for a typical home, offsetting a large portion of your electricity usage. When combined with heat pumps, the potential savings climb to £300 or more annually.
Whitehill added: “And it’s not just about big upgrades.
“Simple steps like draught-proofing windows and doors can save £80 a year, turning off appliances instead of leaving them on standby adds another £45, and switching to a cheaper fixed-rate energy deal could save £140 annually. Every little bit helps.”
Upgrading to heat pumps and solar panels may involve a upfront cost, but Whitehill suggests the long-term savings and environmental benefits make it a smart investment.
Air source heat pumps, for example, use air to heat a home, replacing gas boilers and reducing energy use by up to 75 per cent, with a lifespan twice as long.
When combined with solar panels, these systems can further reduce energy bills and the home’s carbon footprint.
Installation costs for heat pumps range from £9,000 to £34,000, while solar panels typically cost between £5,000 and £8,000.
Government schemes like the Boiler Upgrade Scheme can make these technologies more accessible as they offer up to £7,500 towards heat pump installation.
More Ways to Save on Energy Costs
Additionally, the Warm Home Discount Scheme offers £150 off electricity bills for eligible households, providing much-needed help during the colder months.
Beyond investing in energy-efficient technology, homeowners can benefit from supplier support. Trade body Energy UK reports that energy providers have pledged over £500 million this winter to help households struggling with their bills. Support includes:
- Credit for bills or prepayment meters
- Hardship funds and debt write-offs
- Reducing or waiving standing charges
- Providing energy-saving devices and technology
With energy prices staying high, switching to energy-efficient solutions just makes sense for homeowners
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Whitehill said: “With energy prices staying high, switching to energy-efficient solutions just makes sense for homeowners.
“By combining heat pumps, solar panels, and a few small changes around the house, you could save hundreds of pounds every year while making your home more sustainable.
“Now’s the time to take control of your home’s energy future. Government incentives like the Boiler Upgrade Scheme, which offers up to £7,500 towards heat pumps, and supplier schemes are making these upgrades more affordable.
“You’ll save money, live more comfortably, and help the environment – it’s a win-win.”
