The price of household energy is set to stay high for years to come – but thankfully, solar panels can lessen the impact by providing you with a free source of electricity. Past data from the Office for National Statistics (ONS) shows that between 2000 and 2020, electricity prices rose by 5.5% per year, on average.
The most robust information available on potential solar PV savings comes from the Energy Saving Trust. Based on a 3.5kW solar panel system costing £7,000 to install, and current energy prices (Oct 2023), its research suggests households who are at home all day can save up to £525 per year with the SEG, versus £400 without.
You’ll also need an inverter as part of your solar panel system, as this is what converts solar energy into the AC electricity used by the grid. Solar batteries are an additional investment that allows you to store surplus solar energy for later use or to sell back to the National Grid.
This high level of savings means a solar & battery system will typically break even in less than eight years, and protect you against energy prices rising in the future. Solar panels also raise your home’s value – and they do all of this while also shrinking your carbon footprint by around a tonne of CO2 per year.
The investment in solar panels is worth it for the average UK home. For example, the typical 3-bedroom house in the UK is equipped with a 4kW solar panel system, enabling homeowners to potentially save around £660 annually on electricity expenses.
The only thing you need to do is either contact us by email or phone, or use our online configurator to book a call with one of our consultants in the final step. For a typical home setup in the UK (4 kWh solar PV system with 11 solar panels at 455W each), the cost of a solar PV system in the UK ranges between £8218 and £9863 on average.