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Ikea readies solar panels for UK market

Prices start at £5,700 and could see homeowners save up to £768 per year

Solar panels are becoming increasingly popular with 400,000 small generators currently in use in the UK

The Swedish retailer will stock solar panels in its 18 UK shops within 10 months. The solar panels are on sale from £5,700 and could save a three-bedroom-semi-detached house up to £768 per year, through reduced energy bills and payments linked to energy production.

Industry experts estimate that buyers may be able to recoup their initial investment after seven years.

A growing market

The decision to offer the product across the UK was taken following a successful trial in July and shows that the market for solar panels in the UK is expanding.

The main reasons for this increased adoption rate are price drops and increased government subsidies. At present, 400,000 small solar energy generators are in use throughout Britain.

Mass-market solar panels could make ‘greener’ lifestyle more attractive

Speaking on the initiative, Head of Sustainability at Ikea Joanna Yarrow said: “At Ikea we’re excited to be able to help customers take positive actions at home for both the environment and their wallets. We know that our customers want to live more sustainably and we hope working with Hanergy to make solar panels affordable and easily available helps them do just that.

“We want to make a greener, more sustainable way of life attractive and easy for as many people as possible, so in addition we’re dedicated to expanding our range of sustainable products that help customers save energy, water and sort waste fourfold by 2020.”

The Swedish company has placed more than half a million solar panels on its shops across the globe.

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