How Much Could You Save With Solar?
Discover everything you need to know about the financial aspects of going solar. From initial investment to long-term savings, we’re breaking down the numbers to help you make an informed decision.
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Solar Savings: Break DownSolar Savings: Break Down
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3 Ways to Save More With Solar3 Ways to Save More With Solar
Cut Your Energy Bills by 75% with a 12-Panel Setup!
Solar Savings: Break Down
Suppose your solar system generates 4,000kWh per year and you self-consume 50% of this power. You’d save £490 annually by reducing your grid electricity usage by 2,000kWh. Plus, you’d earn about £240 by exporting the remaining 2,000kWh to the grid at 12p per unit. This saves you a total £730 in the first year alone!
But the financial benefits don’t stop there. Solar panels typically come with a 25-year warranty, meaning your savings will continue over the long term. Even accounting for a 1% annual decrease in panel efficiency and a 2% yearly increase in electricity prices, your total savings over 25 years could exceed £20,618.
“The typical cost for solar panels is around £8,000. If you’re deciding whether it’s a good investment for your home, compare it with other purchase of the same value. You’ll see that for the outlay, solar panels reduce your electricity bills for almost 3 decades, enhance the value of your house and even make you money – it’s a win-win.”
Expert advice from the Energy Doctor
3 Ways to Save More With Solar
Once you have solar panels installed, you can maximise your savings even further by making these changes and upgrades.
Shift Appliance Usage
Run appliances like your washing machine and dishwasher during the day when your panels are generating electricity.
Electric Vehicles
Charging an electric vehicle during daylight hours can significantly boost your self-consumption.
Home Battery Storage
Adding a home battery can further increase your self-consumption, with many homes seeing an increase from 30% to 70%. Although a small battery starts at around £3,000, it can store excess solar energy for use during non-sunny periods or overnight, especially if you switch to a tariff with cheaper overnight power.
Install Solar Panels With Loop and Sunsave
Ready to harness the power of the sun and take control of your energy bills? Look no further than Loop and Sunsave for your solar panel installation needs. With our trusted partnership, we’re making solar easy and hassle-free.
From initial consultation to seamless installation, our expert teams ensure a smooth transition to clean, renewable energy. Join countless homeowners who are benefiting from solar!
Related Guides
Is the Payback time for Solar and Battery Shorter Than You Think?
The payback period for solar and battery installation is under 6 years for typical homes. With the panels warranted for up to 25 years and the battery at least 10, it means years of free electricity!
The Economics of Solar
Having solar panels installed is a big step. Or is it? It’s probably cheaper and easier than you think. Weigh up the financial benefits of solar so you can make a decision whether the cost of an installation makes sense for you.
Are Solar Panels Worth It?
Long-term energy security, lower energy bills and reduced household emissions are just some of the reasons why solar is booming. Here’s a roundup of why solar panels are definitely worth considering.
