How long do solar panels take to pay for themselves?

The world is moving to electric solutions. However, solar panels are an option that many homeowners haven’t yet explored. How long do solar panels take to pay for themselves? Some say it’s the assumptions of high installation costs and ‘slower’ return on investment. But don’t let assumptions stop you from finding out the facts for yourself. We hope that this article helps shed light on not only the costs but the benefits of solar panels.

Ultimate Guide to Solar Panel Payback Time in the UK

It will depend on a number of factors. But, generally speaking, a solar panel system takes 15-25 years to pay for itself.

A common misconception is that solar panels need bright sunlight like you’d see in Mediterranean countries. Rest assured that you don’t need tropical rays to help your home pay for its electricity.

According to UK Power energy distributors, the estimate of electricity consumption is around 8 to 10 kWh per day for an average-sized home. A standard-sized solar panel can produce anywhere between 3.5kw & 5kw per day. This will depend on location and levels of light.

How long do solar panels take to pay for themselves?

If you can look to reduce your electrical output, you could soon be powering your home through your solar PV systems. You can achieve this by being conscious of higher running costs from older white goods like tumble dryers and washing machines. All this can contribute to lower energy bills.

It will also depend on how many panels you install. If you have a south-facing roof, you can capitalise on the long and bright UK summer days.

In summary, it will be a few years but if you can be tactical, you can reduce the time it takes to pay for them. Of course, with time, it’s possible that energy suppliers like the national grid could buy your energy back from you.

What is the price of solar panels?

An individual solar panel is actually tiny. You wouldn’t be able to buy just one, with individual solar panels costing only a couple of pounds. For a solar panel system, the average UK price is between £4,800 and £6,000, depending on several factors like the size of your house.

How long do solar panels take to pay for themselves?

How many solar panels do I need in the UK?

As mentioned above, it’s worth reviewing your current electricity usage first to know what you’d like to achieve through solar panels.

With many smart meters, you can simply log into your account through an application on your phone to access this data. You should be able to get a monthly and/or daily figure to then work out your current electrical expenditure. Once you’ve done that, it’s worth getting a quote for solar panels and asking about the average solar energy they create per panel.

You may want to ask for the types of solar panels available. Properties across the country use Photovoltaic solar panels, also known as PV solar panels.

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What are the 3 main advantages of solar energy?

  1. Solar power is a renewable energy source, meaning it’s replaced organically and at no expense to the environment.
  2. You won’t hear a peep from the solar panels because they don’t make noise or need much maintenance at all.
  3. With the ever-increasing costs of electricity & gas, it’s a financially smart move to consider solar panels as a long-term way of saving money.

Are there any disadvantages?

The initial costs aren’t something to be concerned about. Getting quotes will give you ballpark figures and you can then decide if your budget allows for them.

Solar panels are a long-term investment. While they help with house sales, the main return will appear in your reduced energy bills rather than a huge increase in the value of your home.

Compare quotes easily & save money on solar panels in the UK

Solar Panel

We know that looking for local solar panel installers isn’t a quick or easy process. With a network of trusted local businesses, we will only refer your details to those that are best for the job. We take the leg work out of it and you just have to review the costs given to you and choose your preferred local installer.

Save time with our simple, hassle-free quoting process by entering your details for a solar panel quote here. However, if you’d prefer to speak to a member of our friendly team over the phone instead, please give us a call on 0800 084 5076.

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