Domestic customers
Domestic customers in the United Kingdom may invest in renewable energy for various reasons:
1.
Cost savings: Investing in renewable energy sources such as solar panels or heat pumps can lead to significant long-term savings on energy bills, especially as energy prices continue to rise.
2.
Environmental impact: By generating their own clean energy, homeowners can reduce their carbon footprint and contribute to mitigating climate change and environmental degradation.
3.
Energy independence: Generating renewable energy on-site provides homeowners with greater control over their energy supply, reducing dependence on traditional energy sources and potentially insulating them from future energy price fluctuations.
4. Government incentives: The UK government offers various incentives such as the Feed-in Tariff (FIT) and the Renewable Heat Incentive (RHI), which provide financial support and incentives for homeowners to invest in renewable energy technologies.
5.
Increased property value: Homes with renewable energy systems are often more attractive to buyers and can command higher resale values due to their lower energy costs and eco-friendly features.
6.
Energy security: Renewable energy sources such as solar and wind are domestically available and can diversify the energy mix, enhancing the country's energy security and resilience.
7.
Ethical considerations: Many homeowners value sustainability and environmental stewardship, and investing in renewable energy aligns with their ethical principles and desire to make a positive impact on the planet.