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Solar Boom Hits UK as Energy Costs Surge

Financial Times Companies •
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UK households increasingly adopt solar panels as energy bills surge amid Middle East tensions. Rob Smithers saw his heating oil prices jump from 54p to £1.35 per liter, prompting him to consider solar alternatives. Solar panel sales climbed 54% in early March while EDF reported residential sales double last spring's rate.

Government initiatives aim to install solar panels in most new homes and allow "plug-in" systems in supermarkets. UK solar capacity reached over 22GW in February 2026, up from just 700 times less than a decade earlier. Record solar output recently pushed electricity prices as low as minus £81 per megawatt-hour.

Financial benefits remain a consideration despite high installation costs. The UK targets 47GW solar capacity by decade's end, but experts caution about installer credibility during this boom. Homeowners like Doug Neilson invest £10,000 systems knowing returns take seven years, prioritizing energy independence over immediate payback.