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Miliband plots £13bn solar panel blitz to create ‘zero bill’ properties
Nearly £15 billion will fund solar panels, batteries, and heat pumps to cut energy costs and create zero or low-bill homes, benefiting millions, ministers said.
- Next month the Department for Energy Security and Net Zero is investing an additional £15 billion into the warm homes plan, taking it to nearly £15 billion as the government prepares detailed measures.
- Earlier this month, government figures showed it had given the green light to 4.5GW of solar and 4.7GW of offshore wind since it came to power, influencing policy shifts in the past year.
- The plan will focus on grants and finance options, with millions of homeowners soon eligible and poorer households receiving the greatest help through no-upfront costs repaid over five or 10 years.
- Outcome-first: Homes could see monthly savings of £60 to £90, with Nigel Banks estimating up to one million homes could become zero bill with solar, batteries, and a heat pump, the department said.
- Critics caution that long-term decarbonisation costs may offset savings from plug-in solar units costing £180 to £300, despite industry installing 250,000 rooftop units last year, capable of powering 4.6 million homes.
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New low-cost loans for solar panels in your home
A new system of low-cost loans to make it cheaper for homeowners to install solar panels is expected to be set up by the Government under plans to boost the take-up of green heating tech. The long-awaited warm homes plan is set to be published later this month after multiple delays and rows between Ed Miliband and Rachel Reeves about how much money would be put behind it. The Energy Secretary has secured around £15bn in funding, but on the condi…
·London, United Kingdom
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Ed Miliband to announce billions in green investment to create 'zero bill homes' in Labour bid to win back voters
Millions of Brits will reportedly be eligible for cash to install solar panels, heat pumps and other environmentally friendly devices in a government attempt to create new “zero bill” homes.
·London, United Kingdom
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Coverage Details
Total News Sources13
Leaning Left2Leaning Right5Center2Last UpdatedBias Distribution56% Right
Bias Distribution
- 56% of the sources lean Right
56% Right
L 22%
C 22%
R 56%
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