Solar Panels - Cost & Savings

In contrast to the volatile pension, bond and stock markets, investment opportunities in Solar Energy and Solar Panels deliver guaranteed returns.

Unlike the unstable financial sector, Solar Panels for your home offer a guaranteed return on your investment for 25 years.

Whether you are looking for a minimal risk investment for your retirement or you wish to take funds out of other more uncertain markets and put them into something safer, home Solar Panels are well worth considering.
 

What is my initial investment?

Photovoltaic Solar Panels start at around £5,000 for a 1kWp system. Typical domestic systems are 2kWp which would cost in the region of £6,000 to £8,000.

Assuming that half of the electricity generated is exported to the grid, a 2kWp photovoltaic Solar Panel system costing £7,000 would take around 13 years to recover the initial capital cost.
 

How much will I earn and save?

A 2kWp system will make approximately £513 annually – made up of £365 per year from the generation tariff, £27 per year from the export tariff and £121 per year in electricity bill savings.

Our approved Solar Panel installers will be able to provide you with the actual costs and potential savings related to your specific Solar project. The table below shows the generation tariff rates that make up the largest percentage of the earnings.

* Prices shown are in pence per kilowatt hour (p/kWh).
 

How will I finance it?

Despite the obvious advantages of an investment in Solar Panels for the home, for many, the installation cost is simply beyond their reach.

However, if you are in this situation, there are a number of options available without breaking the bank or becoming weighed down with high-interest debt.

If you are looking to spread some or all of the installation cost of Solar Panels for your home, a popular borrowing option is to extend an existing mortgage.
 

Income from Feed-in Tariffs (FITs) and savings on electricity bills are likely to outweigh the higher mortgage payment for many homeowners.

In order to maximise returns, it is important to shop around for your Solar PV system and EnergyLink can arrange for you to have up to three quotes from MCS accredited installers in your local area.

This avoids rogue tradesmen and can often save you up to 75% off the installation cost. Please try entering some examples on our Feed in Tariff Calculator.