Is It Still Worth Installing Solar Panels Uk

Are solar panels worth it.

Is it still worth installing solar panels uk.

Depending on the cost of installing solar panels it may no longer be worth it if you re thinking of getting them. A typical install will currently cost you around 5 8 000 down from 8 12 500 a few years back. It means solar panels are now more affordable than ever. Details on the northern ireland renewables obligation can be found on ofgem s website.

Solar panels are more about daylight more than sunshine. Solar panels installed now will be eligible for the scheme and consumers can sign up to suppliers as and when they offer tariffs or wait until 2020. While solar leases and power purchase. So are solar panels worth it today.

And that s great news for homeowners. Although a bright sunny day will certainly help even on those overcast days solar panels can still generate electricity. Whether you choose to buy or lease your solar panels will have a major impact on your system s long term value. Based on estimates from energy saving trust a typical 4 kwp solar pv system will save you between 85 and 220 every year.

If you submitted an application for the scheme before 31 march 2017 you ll still get paid for generating electricity for the full 20 years. In 2020 solar panels cost around 6 000 7 000 for the average sized residential home this is over 60 cheaper compared to what they were in 2010. How are you financing your solar panel system. Speaking purely from a financial point of view the answer is a resounding yes.

One benefit of installing now might be to avoid. For more information energy saving trust has a detailed table on how much solar panels can save you depending on your general location in the uk. If you have enough to make a purchase in cash you ll save more than with any other option but even with a 0 down solar loan your savings could still be in the tens of thousands. In short yes despite the loss of the feed in tarrif scheme solar panels are still an attractive proposition for new adopters especially with the introduction of the smart export guarantee.

So even with declining government feed in rates the actual return on investment is pretty good thanks to an ample supply of panels thus reducing increasing competition and lowering prices. The fact that the uk is hardly a sun worshippers paradise doesn t actually matter too much for solar panels.