This report examines the residential sector, and focuses on three European markets where fossil gas plays a dominant role in home heating: Germany, Spain, and Italy. Specifically, the report assesses the role of solar PV in combination with electricity-based heating solutions in empowering households to reduce gas use, while saving on electricity and heating bills.
The report finds that medium-sized residential solar PV owners have enjoyed substantial savings on their energy bills in 2022 (savings up to 64%), especially in combination with a heat pump (savings up to 84%). These households will continue to benefit from their investment in the coming years in all scenarios, even as gas prices stabilise at lower levels compared to
2022 (even at pre-crisis price levels of 20 EUR/MWh).
However, given the political imperative to rapidly reduce fossil gas demand, the report also finds that policymakers need to take decisive action now if they are to promote the benefits of gas-free homes to the wider population.