Solar panels not only save you money, but they can also earn you cash, all while helping to reduce the planet’s carbon footprint. And they’ll still generate electricity on gloomy days, which the UK experiences a lot of. So, what are the barriers stopping homeowners from installing them?
The good news is solar panels prices are dropping, which we’ll discuss in more detail below. There are also grants and other financing options available, so it really is more accessible than ever to install solar panels.
The cost of solar panels is based on numerous factors, including the size of your roof, your electricity usage, whether you want to include the cost of a solar battery, and the number of solar panels you choose. Even the type of roofing, the height of your home and where your electric cables are will have an effect.
To get accurate quotes from trusted installers, use our quick quotes form. All you have to do is provide a few details, and installers in your area will be in touch with quotes for you to compare.
Another way to potentially save once you have solar panels installed is by shopping around. You can use price comparison websites to find the best price for your home, or go to different supplier websites to find out individual prices.
What’s more, using a solar battery – which we go into more detail about below – and exporting less electricity to the grid via the SEG will result in lower SEG payments, around £63, since you’ll be using solar electricity and exporting less back to the grid.
Either way, if you install a solar battery, you’ll be paying for less electricity from the grid, as you will be using stored electricity. This will save you approximately £227 more on electricity than with solar panels alone.
Solar panels typically last at least another 10 years after this point. A three-bedroom household will end up with a total profit of £4,335.11 in energy bill savings and SEG revenues, on average. A one-to-two bedroom home will have a total profit of £2,601.07, while a four bedroom home will generate £6,069.16.
We base our calculations on the latest MCS data on solar panel costs, and the yearly daylight hours in the UK. Please check out our full page: Are solar panels worth it? for all the nuts and bolts.
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