Return On Solar Panels Uk

Typical returns for a well sited 4kw solar panel installation in january 2019 came in at a surprising 6 50.

Return on solar panels uk.

With the uk government legally committed to meeting 15 of the country s energy demand from renewable sources by 2020 there is currently an opportunity for landowners to look into creating solar farms. The financial benefits of going solar are now well documented. Domestic solar panel returns up to 6 50 as electricity prices rise despite a reduction in tariff rates from 41 4 p kwh in 2010 to 3 79 p kwh in january 2019 rising electricity prices are driving solar pv returns up over the last 2 years. I cash in on the investment and get 30 back.

The initial investment or cost of the solar panels. Check our solar panel reviews to make sure you invest your money in good quality solar panels. Solar panel systems actually function as investments with strong rates of return and homeowners generating solar electricity can avoid paying increased utility rates by eliminating their electricity bills. To help guide your switch to solar energy greenmatch has gathered.

The energy produced by the sun solar panels also known as photovoltaic systems use semiconductor technology to convert energy from sunlight into electricity that can power your household for free. How do you get a return on your investment. For a 21m2 roof with a 4kw system you could see a return of 700 in the first year and 6 750 after 20 years. In fact as our recent blog showed the cost per kwh of solar electricity is around 8p.

If you already have solar panels this won t affect you you ll still get your payments. In december 2018 the government confirmed its intention to end solar panel incentive payments on 31 march 2019 meaning people who have solar panels installed after this won t receive payments for generating electricity or exporting it to the grid. Once your initial cost is covered you can see that you start making money and saving money. Solar pv is a fantastic investment.

Maximising your solar panel investment if you re thinking of investing in solar panels a good way of making the most of your money is to reinvest any cash you save on your energy bill plus any money you make from producing electricity. Say i invest 10 in your bespoke chandelier business. The return through the feed in tariffs and savings on energy costs over the life of the installation. The size of the solar panel installation.

Returns of 10 plus are available non taxable for individuals inflation linked and dependent only on the sun coming out. How to calculate solar panels roi. Now no one makes bespoke chandeliers quite like you do and in 5 years time your business has grown to three times its original size. According to a 2015 report by the lawrence berkeley national laboratory installing solar panels on your home can even.

This is the kind of system an average house would need at a cost of around 6000 8000. Solar panels take advantage of one of nature s most powerful yet free resources. Why solar panels in the uk are a great option.