Electricity rates keep on rising, and every electricity bill might give UK homeowners a mini heart attack. But you know what? The sun will never send you a bill, no matter how much solar energy you use. So, why not leverage this free source of energy to power your home right? Many homeowners and businesses across the UK are opting for solar photovoltaic (PV) systems as they provide countless benefits in the long run. While the cost of electricity will never stop increasing, there will be no charges for the sun’s energy ever. But how much does solar PV cost in the UK? Read on to know

How much does solar P.V cost?

As solar energy technology has advanced, the prices have dropped drastically. A single solar panel would be somewhere between £350 and £500. However, your solar installation’s final price can only be determined by the size and type of the solar system. One of the most common domestic sizes is the 4kW solar panel system, and it costs approximately £6,000. It can cover around 29 m2 of your roof. 

The price of the solar PV system will also depend on the energy it generates. The more electricity is generated, the higher its initial installation costs will be. Having said that, if your solar system generates more energy, you will also save more in the long run. 

Though you may be disappointed when you look at the higher upfront costs of solar panels, the return on investment they provide is worth investing in solar power. And if you want to get even more out of your solar panels, we suggest that you add solar batteries. This will enable you to use the stored electricity even when the sun goes down.

How much can you really save with solar panels?

You can cut down a significant amount of electricity you use to power your UK home with the help of solar panels. We are talking about annual savings of anywhere between £160 and £430! Again, these savings are not “standard” as energy consumption varies from household to household. 

Let’s take a look at the factors that will determine how much you will save:

  • Your household energy consumption
  • Your appliance usage when the solar panels are active
  • The efficiency of your solar panels 
  • Whether or not you generate an income from solar panels funding schemes 

It goes without saying that you can save more on your electricity bills by using your appliances, such as dishwashers and washing machines, during the day when the solar panels are active. Small changes like these will result in big savings on energy bills. 

Besides, the efficiency of your solar panels will also decide how much you can save. The monocrystalline panels are costly but more efficient and will increase your savings compared to the inexpensive and less efficient polycrystalline panels. 

With this price guide, we hope you now have a basic idea of how much a solar PV system would cost in the UK. 

Are you looking to invest in having renewable energy in your UK home? Smart Home Improvement people can help you connect with local or national certified installation companies.