Considering solar panels for your home or business? It's a smart move that's more than just a trend. Here we'll shed light into the practical side of solar energy – how it works, what it costs in the UK, and whether the investment pays off in the long run.

How do solar panels work?

Solar panels harness sun rays and converts them into a clean energy source for your home. To find out more about the different types of solar panels, how they work, and suppliers visit our dedicated page on solar panels.

Are solar panels worth it?

When evaluating the worth of solar panels, it's crucial to consider their numerous advantages. So, what are the advantages of solar panels?

1. Cost savings: Solar panels can substantially reduce or eliminate electricity bills by generating free, renewable energy from sunlight. On average, potential annual savings range from £548 to £814 when installing between 6-12 panels.
2. Environmental benefits: Solar energy is clean and renewable, producing no greenhouse gas emissions or air pollutants. This helps to mitigate climate change and promote environmental sustainability.
3. Energy independence: By generating your own electricity, you can reduce reliance on traditional fossil fuels and volatile energy markets, enhancing energy security.
4. Potential income: If you generate more energy than you need, you may be able to sell the excess back to the National Grid.
5. Boost your EPC rating: Installing solar panels could increase your Energy Performance Certificate (EPC) rating by up to two grades. This could help you save on energy bills, make your home more attractive to buyers and reduce your carbon footprint.
6. Long-term investment: Solar panels have a long lifespan (between 20-25 years) and require minimal maintenance, offering reliable energy production and long-term savings.
7. Increased property value: Properties equipped with solar panels can command higher resale values and appeal to environmentally conscious buyers. In a recent study, potential buyers are willing to pay an average of £2,038 more for a home equipped with renewable energy systems like solar panels.

Solar panel costs in the UK

The cost of installing solar panels in the UK can vary depending on factors such as system size, quality of components, and installation complexity. With Project Solar UK, the average cost to install solar panels ranges from £10,000 - £15,000.

However, it's essential to consider available incentives and financing options, such as government subsidies, tax credits, and solar loans, which can significantly offset initial costs and enhance the affordability of solar installations. To find out more about what you could be eligible for visit here.

Keen to install solar panels at your property? To help with the upfront costs, you could be eligible for a Tandem Home Improvement Loan through our trusted partner.

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The decision to invest in solar panels involves weighing upfront costs against long-term benefits. With advancements in technology, decreasing installation costs, and an array of incentives, solar panels can be worth the investment, providing a greener, more cost-effective, and energy-independent future for generations to come.