July 19, 2023

Are solar panels worth it in the UK?

The use of solar energy in the home is becoming more popular. With fantastic government incentives, it’s no wonder more people are interested. In this blog, we’re answering the question, are solar panels worth it in the UK?

Solar panels are an excellent investment for many households, and there are so many benefits that you can enjoy. At a time when energy prices are unpredictable, the thought of controlling your energy usage is appealing.

Solar panel installations

Before purchasing your panels, you should always seek advice from a solar panel installation company. A great company can advise you on the most suitable solar PV panels. Here are three of the most popular solar power panel types.

  • Thin film panels
  • Polycrystalline panels
  • Monocrystalline panels

These panels will vary in cost, appearance and efficiency. If you aren’t sure, speak to an installer, and they can help you to make an informed decision.

To determine how many solar panels you’ll need, you should look at recent electricity bills. Consider using bills from the last 12 – 18 months to get a good idea. This will display how many kWh of energy your household typically uses and can help you to determine the number of panels to install.

solar panel output

Are solar panels worth it in the UK?

It’s completely reasonable that you want to make the most out of your panels. After all, they’re going to be responsible for your household’s energy. Read our blog on how to maximise solar panel efficiency.

To determine whether solar power is worth it for your home, you’ll need to consider a few questions.

How much can you save with solar panels?

The bottom line is that you can save money on your energy bills by generating your own solar energy. The amount of money you can save with solar panels depends on the size of your solar system.

Many people find themselves saving hundreds of pounds on electricity bills. There are even ways that you can make money on surplus energy that you generate and don’t use. Read our blog on how much can I save with solar panels.

How much do solar panels cost to install?

The amount that you’ll spend installing solar panels depends on how many you need and which type of panel you choose. Generally, more expensive panels can provide better efficiency ratings. However, some cheaper options also offer impressive outputs.

To assess how many panels you’ll need, you have to look at energy bills (as we mentioned above). Once you have calculated your average electricity usage, you can assess the efficiency of the panels and decide which one will be best for you.

Remember that you’ll need to factor in installation costs as well as the panel costs. You should always ensure that you are using a reputable company for all installations. Using a poor company may lead to you spending more in the long run.

Do solar panels increase the value of your home UK

Can you get solar panel funding?

If you’re looking into having solar panels installed, it’s definitely worth checking if you can have any funding to help.

The UK government are currently offering 0% VAT on all solar panel installations to encourage people to use more renewable energy. Find out the benefits of using renewable energy. This incentive is running until 2027.

There is also the option to enrol on the Smart Export Guarantee (SEG scheme). This scheme allows you to receive payment for the surplus energy that you generate and do not use. The Smart Export Guarantee means that excess energy generated by your solar PV system is sent back to the National Grid. Various energy companies offer different rates for your excess energy, but it’s definitely worth looking into if you are generating too much.

Another option is to have a solar battery storage system installed, which can store excess energy ready for when you actually need it. This can be useful during the winter when your panels generate less energy.

Do solar panels increase the value of your home UK?

Solar panels can even provide benefits when you decide to move on from your home. Many people view solar panels as a fantastic addition to a home that is for sale. This means that you may find people willing to pay more for your home if you were to put it on the market.

After you sell your home with solar panels, you will no longer be able to benefit from government incentives, such as the SEG or FIT scheme. Many people choose to install solar panels on their next homes too, after having them installed previously.

So, solar panel investment…is it worth it?

We think solar panels are definitely worth installing in your home. The installation process is simple when using a great company, and they have so many benefits, such as reducing your home’s carbon footprint and giving you more control over your electricity bill. Don’t wait around. The time to install solar panels is now so that you can take advantage of the great incentives offered by the government.

We hope this blog has helped you to decide if solar panels are worth it in the UK.