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Solar power market tipped for growth

Research has found that the solar power market will continue to grow, as more homeowners seek a solution to the rising cost of energy.

A survey by market researchers Mintel found three-fifths of householders were considering solar PV as a result of the rise in energy bills.

Rexel UK strategic development director Brian Smithers said: “The reality is that with energy prices on the up and the fuel poverty crisis escalating, our current approach to energy isn’t sustainable and we must take action today.

“Solar PV is integral to this, providing an affordable, effective energy alternatives and security from further changes. In terms of the initial investment, the support of government financial incentive schemes – such as the RHI, the Green Deal and Feed-in Tariffs – mean the payback period can be greatly reduced, making the argument for solar PV even more compelling.”

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