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Like many other homeowners, you might have asked yourself: “Are solar panels worth it?” Well, the answer is yes. Going solar is worth it because you can expect significant savings on your yearly electricity bills. As a result, you can break even on your investment in solar panels in about 12 to 17 years.
If you’re ready to reap the benefits of solar panels, then you’ll need to find a trusted professional who can provide you with a high-quality installation. Instead of wasting your precious free time on tedious research, let us put you in touch with up to 4 local solar panel installers thoroughly vetted by us and start requesting quotes for solar panels.
Just fill in our 30-second form and wait for the installers to reach out to you with free, non-binding quotes. Click below to get started today!
On average, the cost of solar panels is between £5,000 and £13,000. For a clearer overview of the costs of different solar panel system sizes, you can consult the table below, which outlines the yearly energy output per system size and the estimated costs for each of them.
System Size | Number of Solar Panels Needed (450W) | Yearly Energy Output | Estimated Costs |
---|---|---|---|
3 kW solar system | 6 | 2,550 kWh | £7,000 - £8,000 |
4 kW solar system | 8 | 3,400 kWh | £9,000 - £10,000 |
5 kW solar system | 10 | 4,250 kWh | £11,000 - £12,000 |
6 kW solar system | 13 | 5,100 kWh | £12,000 - £13,000 |
*The figures in this table are based on systems using 450W panels.
If you're interested in the cheapest solar panels in the UK, consider talking to an experienced solar installer to find an option which works for your situation without compromising the quality and efficiency.
If you’re wondering: “Do solar panels save money?” you’ll be glad to find out that they do. Solar energy can save you money in two ways. Firstly, it decreases the amount of energy you use from the grid, thus lowering your energy bills. Secondly, you can earn money back through payments from the Smart Export Guarantee (SEG).
System Size | Annual Savings on Utility Bills | Annual Savings with SEG Payments |
---|---|---|
2 - 3 kW system | £440 | £480 |
4 - 5 kW system | £660 | £700 - £745 |
6 kW system | £1,005 | £1,060 |
*These figures are calculated using 450W panels and the average household energy consumption in the UK.
How much money you can save depends on how and when you use the electricity generated by your solar panels and their efficiency. Bifacial solar panels are among the most efficient, meanign they can bring you the most savings per year. If you are home during the day and use your appliances then, you will get the most out of your investment. However, unless you have a solar battery, if you only use your appliances when it’s dark out, then you will need to use electricity from the grid.
Ready to enjoy annual electricity bill savings with solar panels? Then, you’ll also want to avoid overspending on your solar panel installation. Instead of hours of googling installation costs, let us help you get started in just 30 seconds. Just fill in our short form and sit back and relax while we have up to 4 local installers reach out to you with quotes for their services.
Currently, there are several solar panel funding options available in the UK. These include:
With all these funding options available in mind, you may conclude that the answer to the question “Are solar panels worth it in the UK?” is yes. By finding the best deal for your solar panel installation and making use of these schemes and initiatives, you will find that solar panels will have impressive financial benefits in the long run.
The break-even point for domestic solar panels ranges from 12 to 17 years. How long it takes to break even on your investment in solar panels depends primarily on the size of your system. The return on investment, on the other hand, refers to the amount of money you can save over the 25-year lifespan of your solar panels.
Below, you can find an overview of the savings you can expect with different solar system sizes, as well as how long it takes to reach the break-even point and when you can expect a return on your investment.
Household Size | Solar System Size | System Costs | Annual Savings | Break-Even Point | Return on Investment |
---|---|---|---|---|---|
1 - 2 bedrooms | 3kW | £7,000 - £8,000 | £440 | 17 years | £3,000 - £4,000 |
2 - 3 bedrooms | 4kW | £9,000 - £10,000 | £660 | 14 years | £6,500 - £7,500 |
4 - 5 bedrooms | 6kW | £12,000 - £13,000 | £1,005 | 12 years | £12,125 - £13,125 |
To reap the financial benefits of your investment as soon as possible, you will want to make sure that you don’t overspend on your solar panel installation. This means that you should compare the labour costs of several installers. We’re here to help you get this process started in just 30 seconds.
Simply fill in our short form and we’ll have up to 4 of the best solar panel installers in the UK reach out to you with quotes for their services. You can then easily compare figures to find the best deal for your home.
Answering the question: “Is going solar worth it?” isn’t possible without considering the advantages and disadvantages of solar panels. There are many benefits to going solar, including the following points:
However, there are also a few downsides to solar panels, which you should give some thought to before moving forward with the installation process. These are:
Depending on your household’s annual electricity usage, pairing a solar system with a solar battery may be worth it. This is because, with solar panels, you can only use the energy they generate immediately. With solar batteries, on the other hand, you can store surplus electricity to use when it’s dark out or if there’s a power outage.
In terms of costs, these vary depending on different solar battery sizes. Below you can find an overview of the estimated costs of solar batteries, as well as the savings they can bring:
Household Size | Solar Battery Size | Estimated Solar Battery Cost | Estimated Savings with Solar Panels and a Solar Battery | Savings with Solar Panels and a Solar Battery (with SEG Payments) |
---|---|---|---|---|
1 - 2 bedrooms | 4 – 7kWh | £3,500 - £8,000 | £440 | £480 |
2 - 3 bedrooms | 7 - 10kWh | £8,000 - £9,500 | £660 | £745 |
3 - 4 bedrooms | 11 - 14kWh | £9,000 - £10,000+ | £1,005 | £1,060 |
As you can see, solar batteries come at a high cost. Be sure to add these prices to your calculations when trying to find out how much you’ll spend on your installation. Then, ask yourself: “Are solar panels a good investment if paired with a solar battery?” If you need more help with answering this question, you should consult a solar panel installer.
According to a 2021 report compiled by Solar Energy UK, solar panels can increase the value of a home by 0.9% to 2%. More precisely, this means that solar panel owners can see an increase of about £1,890 - £2,720 in their property value.
If you are planning on selling your home in the future, having solar panels can prove to be quite advantageous. As more people are growing concerned about environmental issues, renewable energy could make your property more attractive to buyers looking to lower their carbon footprint. They could also be drawn to your home because solar panels can save them money.
So, from this perspective, if you’re still asking yourself: “Should I get solar panels?” then it is worth considering the prospect of potentially selling your house in the future and the financial benefits that solar panels can bring in this situation.
Are you still wondering: “Are solar panels worth it?” Well, the conclusion is that they are. While solar panels are quite an investment, their payback period is relatively short, ranging from 11 to 15 years.
Solar panels can offer significant savings on your electricity bills while still covering your household’s energy needs. Additionally, because they harness the power of the sun to generate electricity, solar panels allow you to reduce your carbon footprint.
Are you ready to make the switch to solar panels but are still looking for a reliable installer? Look no further! By filling in our 30-second form, you can easily get in touch with up to 4 reputable solar panel installers in your area. They will offer you quotes for their services and you can compare prices to find the best deal for your home.
All quotes are cost- and obligation-free, so click below to get started today!
Yes, solar panels are worth it in the UK. There are several advantages to installing solar panels, the main ones being that they can generate energy year-round and reduce an average household’s yearly electricity bills by up to £660.
Yes. By installing solar panels in Scotland, you can cut down heating bills by £440 to £1,005. While the initial costs can seem high, incentives like Home Energy Scotland can make it easier to pay for solar panels.
The standard 4kW solar panel system costs between £9,000 and £10,000, allowing for annual savings up to £660. However, savings can vary based on external factors.
Compare your energy needs, the price of the system, annual savings, and payback period against each other. Keep in mind that certain factors (e.g., sunlight hours) may increase or decrease your savings.
Emily is a freelance environmental writer who writes on renewable energy, green technology and sustainability. To read more of her writing, you can visit her blog, Conservation Folks, or follow her on Twitter @EmilySFolk