The Cost of Going Green Crisis

⚡️ On Monday evening National Grid paid hundreds of thousands of households to cut their electricity usage amid the current cold snap. It was a stark reminder of the strain on both our energy resources and everyday bills each time sub-zero temperatures return to the UK.

⚡️ Energy bills are forecast to fall from July, but the average household is unlikely to pay much less than £2,000 for some time. Households playing the long game are investing in energy efficiency measures in a bid to manage bills in the future.

⚡️ A set of solar panels typically costs £5,500 and households can expect to pay between £7,000 to £13,000 for an air source heat pump, rising up to £19,000 for the ground source variety. But green renovations have varying payback periods, initial costs are high and there is little in the way of subsidies.