B&Q to offer roof-mounted solar panels in partnership with Egg
Thinking of installing solar panels on your roof? Now you can do it at B&Q, as DIY giant launches new partnership and energy saving advice service
- B&Q launches advice service for customers on how to improve energy efficiency
- If customers choose to install solar panels, they are referred across to Egg
- Prices for solar panels start from £7,740 for an eight-panel system
- The same solution with battery storage starts from £12,250
Homeowners interested in buying and fitting solar panels on their roofs could now do so by popping into their local B&Q store as the DIY giant announced it is offering them for the first time.
The retailer has teamed up with clean energy solutions provider Egg to offer bespoke solar panels and battery storage, becoming the latest big name to push into the green home energy market.
Prices for solar panels start from £7,740 for an eight-panel system, which comes with a 15-year product warranty and a 25-year performance warranty, while the same solution with battery storage included starts from £12,250.
Energy saving: B&Q has teamed up with Egg to offer bespoke solar panels and battery storage
The offering is part of B&Q’s new Energy Saving Service, which advises customers on how they can improve their homes’ energy efficiency.
Customers can book an appointment with a B&Q advisor to go through a range of available data from their property, including its age, construction, EPC rating and current energy usage.
B&Q will then assess the suitability of the customer’s home for different ways to potentially reduce energy use – from solar panels to loft insulation or switching to a more efficient boiler.
> How much would it cost to make your home greener? Two thirds of owners want to – with a fifth even considering remortgaging to do it
Those who decide to choose solar panels will be referred across to Egg, which will manage the full process, from the consultation and design, through planning, to installation.
Egg chief executive, Julie Agnew, said: ‘It is significant and exciting that B&Q – one of the most trusted names in home improvements – is guiding customers through energy saving options, enabling them to create homes that are more sustainable and cost efficient.
How do panels work?
Panels are typically installed on a roof with good exposure to the sun and generate electricity from the sunlight.
Adding a battery storage system allows energy generated during the day to be used when needed.
Anything you do not use to power your home can be sold back to the grid.
All suppliers with at least 150,000 domestic electricity customers must offer panel owners money for their energy under the Smart Export Guarantee.
Egg estimates that eight panels can generate up to 6 kWh each day and could save you around £500 in electricity costs over the course of a year.
‘Egg is thrilled to be partnering with B&Q to remove the complexity around solar panels and make solar energy a viable solution for more homeowners.
The company, which was launched in February last year, also makes electric vehicle chargers.
It said it has seen enquiries for solar panels rocket as much as 830 per cent year-on-year in the summer of 2022 as homeowners look at ways to reduce their energy bills amid rising prices, and take advantage of sunny weather.
The energy price crisis has boosted the solar power industry, with rooftop solar panel installations doubling in 2022.
A total of 130,596 solar panels were mounted on UK rooftops last year, according to recent data from renewable energy standards organisation MCS. That is almost the same number as those installed in 2019, 2020 and 2021 put together.
There are now more than 1.26million registered solar power installations across the country, with about 1.1million of them on homes, according to industry body Solar Energy UK.
At this week’s Budget, the Treasury has proposed extending the existing zero VAT for solar panels, heat pumps and insulation to battery storage, when either retrofitted to a solar photovoltaic system or fitted as a standalone unit.
Under current rules, an exemption from VAT is only available when solar panels and battery storage are both fitted simultaneously.
However, there were no other major giveaways for the solar or wind industries by the Government, which instead announced investments in carbon capture, low carbon energy projects and nuclear energy.
B&Q’s foray into solar panels is the latest attempt by big companies to profit from a boom in home energy improvements.
Last month, Octopus Energy unveiled an air source heat pump that can be fitted for as little as £2,500.
The announcement put the firm in competition with British Gas, which recently said it would cut heat pump costs to as little as £2,999 per customer.