Energy prices are expected to drop in the summer, but you can save even more by taking advantage of the sunny season and installing solar panels.
Not only that, but you also get paid for any extra power you generate and put back into the network.
Solar panels have grown in popularity in recent years, and this has been exacerbated by rising energy prices, which has prompted households to try to find ways to save on their electricity bills.
The increasing demand for solar panels has driven their prices down in recent years, so now is the time to consider installing them in your home.
We study the cost of solar panels and how much they can save you.
How much does it cost to install solar panels?
According to the Energy Savings Trust, the average cost of installing solar panels is around £5,500.
However, the amount you pay will vary depending on the size and complexity of the roof access. It will also vary depending on whether you choose siding or siding and whether you want it on the roof or built-in.
According to the Energy Savings Trust, roofing sheets are the cheapest option, while shingles are the most expensive.
They also recommend getting quotes from at least three installers because costs can vary widely.
How much can solar panels save?
The Smart Export Guarantee (SEG), launched in January 2020, involves paying households for solar energy they produce but don't use, but instead returns it to the electricity grid. You can earn between £80 and £200, depending on the size of your system.
You can use this Energy Saving Trust tool to calculate exactly how much you can get on payments, but the biggest advantage is that you'll save money by generating your own energy.
You can also check the table of Solar Energy UK suppliers that offer the best rates for your energy purchases.
But keep in mind that how much you save on your electricity bill will depend on how much energy you use and the size of the system you install.
It will also vary by region. Homeowners in England's southeast can save between £360 and £610 in annual utility bills, according to the Energy Savings Trust.
Homeowners in Wales save between £335 and £580.
Residents of Northern England save between £325 and £550.
Savings in Scotland range from £310 to £545 and in Northern Ireland from £95 to £235.
Generally, it can take about 12 years to get your money back, but it depends on the cost of installation, the location of your home, and the size of the system you installed.
What else to consider?
If you are installing solar panels, make sure they are positioned correctly. They'll generate power even if there's no sun, which is great considering the weather in England, but make sure trees don't get in your way.
Also keep in mind that they will take up a lot of space on your roof. According to the Energy Savings Trust, a south-facing roof is ideal, a north-facing roof is discouraged, and an east- or west-facing system will generate 15 to 20% less energy than a directly south-facing roof.
It requires minimal maintenance and really benefits from the rain as it washes away when you tilt it. It should last around 25 years, but some parts will likely need to be replaced in that time, which will cost around £800.
