Potentially, yes. Although there’s typically a fairly large initial cost for installing energy-generating technology, there are long-term savings to be had.
Firstly, you’ll  save money on your bills  because you’ll be making your own power. Plus, you could receive payments for any excess renewable electricity you generate and export to the grid, through the Government’s Smart Export Guarantee scheme.
If you’re considering generating your own heat through solar water heating, a biomass boiler or certain heat pumps, you may be eligible for the Domestic Renewable Heat Incentive. This gives you financial support for seven years, based on the amount of renewable heat made by your heating system.