Are Solar Panels a Good Investment?
You might be wondering if a solar system is a good investment in 2022. Solar panels have increasingly become more beneficial for homes. This is due to advances in technology, as well as rising energy costs.
Adding solar panels to your home can show a return on investment in several ways, including:
- Reducing energy and electricity bills
- Increasing the value of your home
- Decreasing your carbon footprint
Business properties can also benefit from installing solar panels on your building. Even more so; if the business has high electricity bills.
How do solar panels save you money?
A solar PV system absorbs light from the sun and transforms it into solar energy. Instead of buying power from the grid, solar panels generate electricity for you. This means that your high energy bills can be greatly reduced, or even eliminated completely.
How long does it take to see an investment with solar panels?
If your energy bills are high, you can expect to see savings straightaway. If your bills are low, you could wipe out your charges entirely. You will make a return on your investment when the amount you have saved on your electricity bill is more than the amount you have paid for your solar panels. The best way to calculate if solar energy is worth installing for your home or business? We recommend speaking with an advisor, who can let you know if you would benefit from solar panels.
How much do solar panels cost?
There really is no set cost for solar panels. The amount to install them will vary depending on how many panels you can fit on your roof as well as the type of panels you choose. You might also be considering adding a battery to your solar system to store energy when you aren’t using it. The best way to find out is to get a bespoke quote for your needs. Due to rising energy costs in the UK, solar panels are receiving more interest than ever in 2022.
What do I need to do after my solar panels are installed?
Simply, after the initial purchase and installation, little to no further input is needed. You'll benefit from panels being generally low maintenance. Plus, smart energy solar panels come with a 25-year guarantee. They also include a maximum performance drop of 15% over that time. Like all technology, performance will drop over time. However, new advances mean that solar panels will only ever drop to a small percentage of no more than 15%.
In conclusion, from a long-term perspective, solar energy is a good investment for your home or business.
Should I invest in solar energy if I might move house?
Like all home renovation projects, improvements to your property will increase the value of your home. Don’t write off the idea of solar energy straight away if you are moving house. You could still benefit from investing in solar. This is because the price of your home will increase. Property value can be increased by up to 14 percent!
Are solar batteries a good investment?
Solar works by producing energy in the daylight. This is incredibly beneficial if you use a lot of appliances in the daytime. Batteries allow you to store unused energy. You can then use the energy you have generated in the evening, and even sell unused energy back to the grid.
Like solar panels, batteries have also improved in their efficiency and design. A few years ago, batteries were not very accessible. However, solar batteries in 2022 are cheaper and more beneficial than ever.
Solar batteries can reduce your energy bill even more than a solar panel system alone, meaning there is a quicker return on investment.
Are battery storage systems an extra installation cost?
Yes, batteries are an extra cost and aren’t included as a standard in a solar system.
Home batteries are a good investment if you want to store more of your energy. They are an additional system cost but can allow you to save more money in the long run.
Solar home batteries are also a good investment if you have frequent power cuts in your area. This is because you can power your home using the battery even if the grid has cut out.
Do solar panels make your house more energy efficient?
The average 4kW solar system will make your house more energy-efficient by reducing the cost of your electricity.
Do you need planning permission for home solar systems?
In the UK, you do not need planning permission to add solar power or home energy storage, such as lithium-ion batteries. You do need planning permission however if you live in a listed building or live in an area of natural beauty.
Do I need to clean solar panels?
You might be wondering if you need to clean solar panels. Your solar system needs to be exposed to sunlight in order to create energy. Unless you live somewhere with lots of dust or dirt that is likely to end up on your roof, cleaning is generally not necessary, and shouldn’t affect your performance too much. Solar panels in the UK will also benefit from the country's climate. This is because natural rain will do a great job of cleaning your panels for you. That's also why your panels will usually be installed at an angle!
The low level of maintenance required for solar energy means it is a hassle-free investment.
How can solar panels improve my home’s EPC rating?
As well as increasing your property value, panels will also improve your Energy Performance Certificate. With an Energy Performance rating, a home will be scored from A-G is given based on energy use and carbon dioxide emissions. Installing a renewable energy source in your home will improve your EPC rating (Energy Performance Certificate.)
Improving your home's EPC rating is another great reason to invest in solar energy.
Will installing solar panels help the planet?
As well as saving you money, solar panels are a great way to improve your carbon emissions. If you would like to help combat global warming, investing in a solar system can help you reduce your carbon footprint. It can reduce the emissions of your home by 80% in one year.
After three years of use, solar panels’ overall carbon footprint actually goes into the negative. This is because panels will have saved more emissions from being released into the atmosphere than it takes to create them. This means the next 22 years of the panels’ lifespan are even more eco-friendly.