E.ON has put its prices up by an average of £170 a year. But you could reduce that price rise to just £40! Here’s how solar panels can help you to make up the difference and keep your household bills down.

Free solar panels – save £130

  • Cut your electricity bills by £130* to offset the cost of the price rises. What’s the catch? There isn’t one really, just that the company who gives you the free solar panels will benefit from the Feed-in Tariff scheme – but the savings on your bills are all yours! And just think – the more energy bills rise, the more savings you’ll make.

Buy solar panels and save £130 AND earn £900!

  • If you buy your solar panels outright and cut your electricity bill by £130 AND earn up to £900 a year with the Feed-in Tariff (FiT)*. Haven’t heard of the Feed-in Tariff? It’s a government backed scheme where you get paid for the electricity your solar panels generate. Find out more with our Feed-in Tariff guide. Not only will this help you to negate the E.ON price rise, but  it is also a great investment – you can earn around £25,000 over the 25 year lifetime of your solar panels, which is a higher rate than most savings accounts! Sign up before April to get the best FiT rate (rates will be lower after April 2012 – sign up now to lock in on the higher rates).

Check out the new solar panels section of our site to find out more about getting solar panels for your home. You can compare deals and see guides, infographics and diagrams to help you pick the best way to cut back on your gas and electricity bills and make your home more energy-efficient.

* This is based on an average household using 4,500kWh of electricity a year, at a cost of £585. If the solar panels generate 2,000 kWh of electricity, which is paid at a rate of paid 43.3p a unit under a Feed-in Tariff, the household will earn a total of £866. Assuming they use half (1,000 kWh) of the electricity (remember that the time they need to use the most electricity might not be the time when they are generating the most, so they would still have to buy electricity), this will cut £130 off their electricity bill. They sell the other 1,000 kWh of electricity they generate at 3.1p a unit and make £31. The household will cut their electricity bill by £130 and make £896 from their energy (£866 plus £31), meaning a total combined income and saving of £1027 in one year.