Solar Photovoltaic Panels and other renewable micro-generation technology have made some strong progress towards decarbonisation, but there is still more to be done before the UK is able to hit net zero emissions by 2050.
Between 2008 and 2019, power emissions fell by 68%, helping to drive a general 30% reduction in territorial emissions according to the Committee on Climate Change’s (CCC) 2020 Progress Report.
This has been helped by the dramatic fall in the cost of solar PV, dropping by 82% since 2010. Additionally, the price of battery storage systems have fallen by over 80% during this period, helping to compliment solar by adding more stability to the intermittent generation.
The proportion of solar panels in the UK has continued to grow over the last decade, with the systems hitting a number of important milestones in recent months, including smashing generation records, by hitting a peak of 9.68Gigawatts in April.
The 2020 report highlighted the key role low-carbon sectors like solar energy can play in the UK’s recovery from the COVID-19 pandemic and the recession it has triggered. In the long-run, investments in technologies like solar PV and battery storage systems can aid lower electricity costs and create a more sustainable future, as well as creating jobs and aiding economic growth around the country.
Within the report the Committee on Climate Change’s stated that buildings and heating policies continues to lag behind what is needed to meet the UK emission targets. They stated that with all new homes must to be built to be zero-carbon from 2025 is long overdue, because since the Climate Change Act was passed, nearly two million homes have been built that are likely to require expensive zero-carbon retrofits and have missed out on lower energy bills.
In addition to this, the Government’s election manifesto pledged more than £9bn over the next decade for energy efficiency, with £3bn to be spent over the next 12-months. The CCC have welcomed the proposal but stated that it is not enough to match the size of the challenge and has been delayed while awaiting the National Infrastructure Strategy.
What Has Caused the Dramatic Cost Reduction?
According to the International Renewable Energy Agency, the cost reductions witnessed in the last decade were due to improved technology, economies of scale, supply chain competitiveness and the growing experience of developers.
Renewables didn’t really exist in its present form 10 years ago and it’s already moved on so fast, but the product and industry lifecycle will continue at even greater pace over the next ten years as more consumers and industries address their environmental responsibilities.
What Can Hero Do For You?
At Hero Renewables, we bring homes and businesses into the 21st century with renewable energy, whether you’re looking to heat your home or generate electricity, we are able to design, supply, install and support your project from start to finish.
No matter what type of renewable energy project you are considering there are a number of government schemes that will help you on your way to a greener future. Including the new Smart Export Guarantee (SEG), which is a scheme encouraging people to use renewable energy to power their homes instead of using traditional methods. Effective since the 1st January 2020, SEG tariffs provide eligible small-scale, low-carbon generators with payments for the electricity they export to the National Grid.
Call our expert team on 0808 222 0 111, to find your homes perfect match with your free feasibility study with zero obligation.