Are you thinking of adding solar to your home?
Unlock the potential of solar energy with our solar panels and advanced battery storage systems, designed to empower UK households towards a greener tomorrow.
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Besides reducing your energy expenses, solar panels offer a lucrative opportunity to earn extra cash. Plus, even on overcast days, they continue to generate electricity, ensuring consistent energy production. While the initial investment may seem a lot, understanding key factors is essential to assess the financial viability.
Below we take a look at the potential cost savings for typical UK households to help you make up your mind if Solar and battery storage is right for you.
Why Solar?
Costs
With the continuous rise in energy and electricity prices across the UK, investing in solar panels and battery storage systems becomes increasingly financially appealing. Solar panels harness the abundant sunlight, providing a renewable and cost-effective alternative to traditional energy sources. Additionally, integrating battery storage systems allows for the efficient storage of excess energy generated during the day, which can then be utilised during peak consumption hours or when energy prices are highest. Additionally, Under the smart export guarantee (SEG) scheme, which launched in January 2020, households in Great Britain get paid for solar energy they 'export'. This is electricity you generate, but don't use yourself, which is then pumped back into the national energy grid.
By reducing reliance on grid electricity and hedging against future price hikes, solar panels and battery storage systems offer a reliable solution to mitigate escalating energy costs while promoting sustainability.
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Average electricity consumption for typical UK households...
The savings you can achieve with solar panels and battery storage systems are closely tied to the size of your house. Larger properties typically have more roof space available for installing solar panels, allowing for the generation of a greater amount of renewable energy. Consequently, homeowners with spacious roofs can potentially offset a larger portion of their energy consumption, resulting in higher savings on electricity bills. However, even smaller homes can benefit significantly from solar energy, as every kilowatt-hour produced contributes to reducing reliance on grid electricity and lowering overall energy expenses. Regardless of the size of your house, investing in solar technology offers an opportunity to save money and contribute to a more sustainable future.
Savings
So is it worth it?
Embracing solar energy represents a sound investment choice, particularly when considering the estimated return on investment (ROI) period of 6 to 9 years. With solar panels and battery storage systems, homeowners can expect to recoup their initial investment within this relatively short timeframe through savings on electricity bills and potential income from selling excess energy back to the grid. Beyond the ROI period, the continued operation of solar panels offers ongoing financial benefits, as they typically have a lifespan of 25 years or more. This means that for the majority of their operational life, solar panels continue to generate free, renewable energy, providing homeowners with substantial long-term savings and contributing to a more sustainable future. Therefore, with a favorable ROI outlook, investing in solar technology proves to be a financially viable decision with lasting rewards.
Estimated ROI for typical households (average consumption and pricing
data accurate as of April 2024).
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Ready to revolutionise your home's energy and savings potential? Take the first step towards a brighter future by requesting a personalised quote today. Don't miss out on the opportunity to harness solar power for your home!
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