Gas and electricity prices are rising year-in year-out, pushing household bills up by hundreds of pounds every year. Now more than ever it’s time to end your reliance on National Grid prices and guarantee a renewable energy future for 25 years and more.
Solar PV is the fastest growing source of energy in the UK and systems are installed both domestically and commercially.
Solar panels are typically installed onto the roof of properties facing south or southwest and capture daylight, converting the energy into electricity for use in the home. They will operate efficiently throughout the year and in all weather conditions, lasting for over 25 years.
With Government incentives and the opportunity to save money on energy bills, solar panels are a worthwhile investment for any homeowner.
Solar panels cost
Solar panels are a major investment but with the financial incentives available you can ensure to make a significant profit. Of course, solar panel cost and savings are intrinsically linked to the size of the solar system.
- 2kW solar panels cost – £4,500
- 3kW solar panel cost – £5,500
- A 4kW solar panel cost – £7,500
The prices listed above are only intended as an estimated guide. To get the right price for your home solar panels, just use our service to compare up to four free quotations.
The financial benefits of solar panels
Solar panels are a major investment, but the financial incentives available ensure there’s a lucrative return on offer with this renewable technology.
Total savings and earnings: £16,766
- Reduced energy bills
Of course, the opportunity to escape National Grid prices is a big incentive to installing solar panels. Gas and electricity prices are expected to continue rising and if they increase 5% every year, you’d save £4,566 with a 4kW system in the 25-year lifetime. The initial solar panel cost can be recouped with the help of energy savings.
- Feed-in tariff income
The Government’s feed-in tariff is designed to pay homeowners for every unit of renewable electricity generated. Once the system is installed you’ll be locked onto the current rate for 20 years. This stands to earn you £10,640 with a 4kW system. To benefit from the full feed-in tariff rates your home will need an Energy Performance Certificate rating of at least a level D. To boost your home’s rating consider loft lagging or wall cavity insulation. The feed-in tariff is the biggest incentive which pays back the cost of solar panels.
- Sell excess electricity
With solar panels no environmentally friendly energy is wasted. Instead, electricity not used in the home is sent straight to the National Grid, for which you are paid 4.5p/kWh. The export tariff will add a further £1,560 to your solar panel savings and earnings. The solar panels cost can be offset by this.
Facts & Figures You’ll Love To Share
- Solar panels are now priced at a record low, providing an excellent return on investment for every buyer.
- The feed-in tariff scheme will help homeowners earn over £500 annually with solar panels.
- Solar panels will help to reduce your yearly electricity bills by over £100, providing over two decades of savings.
- The generous export tariff ensures no electricity is wasted as it’s sold to the National Grid for a set price.
- As gas and electricity prices continue to increase year-on-year, solar panels offer a way to guarantee your energy future.
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