Electrons are the tiny particles that make up electricity as it whizzes down the wire. They can either be made by burning fossil fuels or from renewable energy sources like wind and sun. 1bn to Kickstart Solar Electricity Revolution

Luckily, they can be produced with cheap solar and wind electricity locally.

1. Up to?1bn of funding will be allotted to new projects in under a year

In addition, onsite solar can reduce carbon emissions. 1bn to Kickstart Solar Electricity Revolution

2. Up to?3.4 million solar panel systems will be installed across 14,000 commercial buildings

These are estimated to cost about EUR400 billion and will provide 15% of Europe’s electricity

However, these systems are usually leased and not owned.

Solar shingles are an affordable and convenient way to produce home-based energy. These are available to homeowners and tenants and can be installed on roofs of all shapes and sizes. Typically these will require an upgrade of the building’s electrical system.

3. 3.4 million occupants will benefit from lower cost solar electricity

The average annual energy cost per household is $3,052. Solar power systems are a smart way to reduce these costs, starting from the day they are installed.

Moreover, they can reduce their initial investment by signing up for a lease option with some installers.

It also reduces the need for natural gas and oil that are linked to geopolitics, reducing reliance on foreign suppliers. Moreover, solar energy provides substantial public health benefits from lowering SO2, NOx and PM2.5 emissions. These emissions are associated with respiratory and heart diseases, and can be mitigated by deploying solar PV. Lastly, solar generation reduces water consumption and withdrawal by averting the need for hydro-power.

4. Up to?1bn of funding will be backed by private investment

The funds will also provide seed capital for startups that are experimenting with, optimising and maturing these energy technologies. needs read more hear