Solar panels can be good for the environment and your bank balance. They do require a substantial initial investment, however, so let’s take a look at how much they could save you on your bills and how long they are likely to take to pay for themselves.
Savings Explained
There is no doubt that solar panels Worcester or elsewhere can save you money, but the exact amount will depend on a range of factors. These include how much energy you use, where you live, how much sunlight you get, and whether you decide to take advantage of export payments such as the Smart Export Guarantee. The SEG is an initiative backed by the government that allows you to effectively sell excess energy to the National Grid.
Typical Savings
If you live in London, for example, and pay 24.5 p/kWh for electricity and 6.29 p/kWh for gas, you could potentially save £690 a year. This is based on signing up for SEG and being at home all day. For lower usage, such as if you were out all day but home from 6 pm, the savings could fall to around £610.
This type of savings would mean that solar panels from installers such as //gsmlimited.com/services/solar-panels/worcester could pay for themselves in around 11 to 13 years in England. This could rise to 13 to 14 years in Scotland and 13 to 21 years in Northern Ireland.
Are solar panels a good choice for you?
Along with the financial benefits and financial outlay associated with solar panels, other things to consider include whether you have the space for an installation, which way your roof faces, how shady the area is, and whether you need permission for an installation.
If your property is suitable, solar panels can cut your bills and make use of free sunlight to reduce the cost of electricity. Solar power is also a form of clean and renewable energy, and a standard home system could save as much as a tonne of carbon each year.