How much does a solar panel system cost?

Solar electricity is low carbon, renewable energy. A typical home solar panel system could save around one tonne of carbon per year, depending on where you live in the UK. That’s the equivalent of driving 3,600 miles, or from London to Bristol 30 times. The average domestic solar panel system is 3.5kWp and costs around £7,000.

Are solar panels a good investment?

Installing solar panels at your home or business premises can reduce your carbon footprint and earn you money. Not only do solar PV systems cut your energy bills, they can also actually bring in profit through the government's incentive schemes. We use smart data so you can compare energy prices in less than a minute.

Do solar panels save money on energy bills?

Energy bill savings are a key part of any potential solar PV earnings, as they are guaranteed for the life of your system. A large portion of potential solar panel earnings comes from the government's generation tariff, which is part of the Feed-In Tariff (FIT) scheme.

Do solar panels increase property value?

Solar panels are attractive to potential new homeowners when you next sell your home, which can increase your property value as a result. That might seem like a long time, but it’s worth remembering that solar panels can provide all of your energy needs, making your home potentially energy self-sufficient.

Are solar panels worth it?

The investment in solar panels is worth it for the average UK home. For example, the typical 3-bedroom house in the UK is equipped with a 4kW solar panel system, enabling homeowners to potentially save around £600 annually on electricity expenses.

Can you earn money on solar panels in the UK?

In the UK, you can earn money on your solar panels through various solar panel grants and financial schemes, depending on where you live. See the table below for an overview. It’s important to consider that not all of the active grants and financial schemes are available across the entire UK.