Solar Panel Quote
Get solar quoteSolar panels are a great way to save on your energy bills in 2024 and make your home more environmentally friendly. However, solar panels can be a significant investment, so you need to make sure you know the real cost of solar panels before you make the jump.
Main solar panel installation cost considerations?
The size of your property
1. The average 3-bedroom semi-detached house has a roof size of 50-70m2. This is an important consideration when thinking about solar panel installation costs as the number of panels required will be determined by the size of your roof. If you have a larger property, you may need more panels to generate enough electricity to meet your needs.
The direction your property faces
2. South-facing roofs are optimal for solar panel installation as they maximise exposure to sunlight throughout the day. East and west-facing roofs can also be suitable, but you may need more panels to generate the same amount of electricity as a south-facing roof. North-facing roofs are generally not suitable for solar panel installations.
The type of solar panels
3. There are two main types of solar panels – monocrystalline and polycrystalline. Monocrystalline panels are more efficient at converting sunlight into electricity, but they are also more expensive than polycrystalline panels. The type of panel you choose will impact the overall cost of your solar panel installation.
The price of electricity
4. Electricity prices in the UK have been rising steadily over the past few years, so installing solar panels can help offset these increases. However, if electricity prices were to fall, it would take longer to see a return on investment from your solar panel installation.
Government incentives
5. The UK government offers a number of incentives for homeowners in 2024 who install renewable energy systems, including solar panels. The main incentive is the Feed-in Tariff (FIT), which pays eligible households for each unit of renewable electricity they generate. The current rate is 4.85p/kWh for new installations (updated May 2019). This incentive is available for both domestic and commercial properties with rooftop solar PV systems up to 5MW in capacity.
Installation typical costs
The cost of solar panels will vary depending on the size and type of panel you choose, as well as the location of your home.
The average cost of a standard solar panel installation is about £4,000, but this price can go up or down depending on the specific features you're looking for. Solar panel prices have been dropping in recent years, so it's a good time to buy if you're considering making the switch to solar.
Saving money on energy bills
If you're looking to save money on your energy bills, solar panels are definitely worth considering. The average household can save around £100 per year by switching to solar power.
Over the course of 20 years, that's a saving of £2,000 - more than enough to pay for the initial cost of the panels! And, of course, you'll also be doing your bit for the environment by generating clean, renewable energy.
Solar panels are a great way to save money on your energy bills and help the environment. If you're considering making the switch to solar power, now is a great time to do it thanks to falling prices for solar panels.
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