With the seemingly ever-increasing cost of energy, solar panels are becoming a more valuable choice that offers greater savings and return on investment than ever before. Many homeowners are in the position of carefully considering whether the initial cost of installation is worth the outlay, so let’s look at this in more detail.
With solar panel installation generating as much as a 14 per cent increase in your home’s value, an average house could see an increase in value of around £2,000. Having the latest in renewable energy systems makes a home more attractive to buyers, meaning it is possible to recoup a considerable proportion of the cost if you plan to sell.
Value
As the energy price cap rises, households are finding that their solar panel systems are breaking even in record time. A system can pay for itself in savings in as little as five years.
Depending on the size of the solar energy system installed, households can see considerable savings on their energy bills. A saving of between £900 and £1,200 per year is typically seen with systems between 3kW and 6kW.
By installing a solar battery, households can top up their backup supply for use later; alternatively, under the UK government’s Smart Export Guarantee Scheme (SEG), any unused energy can be sold back to the National Grid. This makes the average household around £125 a year.
Installers
Solar panel systems are suitable for both domestic and commercial properties. Experienced, trusted and MSC-accredited solar panel installers, such as gsmlimited.com/services/solar-panels, will be able to give you advice on how many panels are needed and the savings you could be looking at in terms of your energy bills.
Being energy self-sufficient also means you are not inconvenienced by National Grid outages.