Smart Export Guarantee or SEG<\/a> (more on this later.)\u00a0<\/p>\n\n\n\nHow and when you use solar energy to power your home also has a bearing on how much money you can save. If you use your appliances during the day, you will get the most out of your investment; however, if you only use them after the sun has set, you will have to buy from the grid.<\/p>\n\n\n\n
With all this in mind, how long would it take for a solar panel to pay for itself in the UK?<\/h2>\n\n\n\n
Since there are several variables at play, the answer can vary depending on your specific circumstances\u2014most notably, whether or not you make use of the SEG payments. <\/p>\n\n\n\n
If you do not make use of the SEG payments, your solar panel savings would only come from your reduced dependency on the national grid. As previously mentioned, these savings can range from \u00a3100 and \u00a3270. With an average solar installation cost of about \u00a35,000, you may have to wait 18 to 50 years to break even. <\/p>\n\n\n\n
You can significantly reduce these payback times if you make use of the SEG payments. When you combine the \u00a3100 in annual SEG payments with the average energy savings, it would only take you 13 to 25 years to break even.<\/p>\n\n\n\n
As an increasing number of people in the UK are becoming environmentally conscious, investing in renewable energy could also make your house more appealing to potential buyers. However, bear in mind that the value of your home would not increase parallel to the amount you spent on solar installation. You cannot expect a \u00a35,000 system to increase the value of your home by \u00a35,000, but there will be an increase.<\/p>\n\n\n\n
What\u2019s the takeaway?<\/h2>\n\n\n\n
Going solar in the UK is absolutely worth it. Aside from the monetary benefits, it is vital for environmental protection and lowering your carbon footprint. To find out more contact us<\/a> below.<\/p>\n\n\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t