Are Solar Panels a Good Investment?
Yes. If you buy solar panels outright or secure a solar loan, they’ll give you a good return on your money. In fact, they could well be a better place to invest than a savings account. 9 out of 10 solar panel owners would recommend them to their friends and family.
Can Solar Panels Add Value to My Property?
Yes, they could. A YouGov survey from 2009 found that home buyers ranked energy efficiency as the third most important reason to buy a property, just behind outdoor space and a garage. Recent uSwitch research showed that smart panels were the fourth most important consideration for potential homeowners.
Does My Mortgage Company Need to Know?
Solar may be viewed as a modification by mortgage lenders - just like an extension or a dormer window - so it’s best to let them know.
Will the Quality of My Electricity Suffer?
No. You won’t notice any difference. If the panels aren’t producing much electricity, for instance at night, you’ll just use electricity from the Grid instead.
How Much Money Could I Save Off My Electric Bill?
You could save up to 66% on your electricity bills by using the free electricity your panels generate during the day.
So how much do solar panels cost
According to uSwitch, the average cost of solar panels and installation is between £6,000 and £9,000. This would depend on the number of panels you have, the size of the installation, and of course the quality you go for.