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Will Solar Panels Save Me Money?

There was a time that if you installed an alternative energy source like solar panels you were more than likely going to lose money because the savings obtained during the life of the system generally worked out less than the cost of the solar panels installation. Thankfully, times have changed and I am now going to tell why you should do everything in your power to install solar panels on your home property and if you have business or office property look to do the same as the savings will be even more.

So What’s Been Changing To Make Solar Panels A Realistic Option For Homeowners?

There are several factors why a solar panels installation is now an attractive proposition for property owners so lets take a look at some of the most important ones:

For starters we can take a look at the actual solar panels and you will see that the life span and the performance of the actual solar panels have increased dramatically. A modern photovoltaic solar panel is likely to last way in excess of 20 years with very little degradation. In fact even newer solar panels are currently entering the market that have life spans in the region of 40 years.

Add to that that a huge drop in the costs of the actual solar panels mainly because of the huge demand in recent years and we are now looking at solar panels that costs way less than they did 10 years ago, perform far more effectively and last around twice as long with very low degradation.

But that’s only half of the argument. Whilst the overall costs of solar panels have fallen dramatically the costs of our existing energy sources such as gas and electricity have risen substantially during the same period. Now given that we are running out of natural fossil fuels it isn’t rocket science to see that the costs of gas and electricity is going to continue to go skywards. Add to that a little instability in the oil producing nations and you know I’m right.

How Much For An Average Solar Panels Installation?

The latest figures we have available is that the average costs of a full residential solar panels installation is around £8,000 / £10,000. You should note that not every property is suitable for solar panels installation or indeed a full solar panel installation.

Now if you take a look at your current energy costs per year it isn’t hard to work out how long it takes to reach a break even point. In fact that if you take into account that energy costs will rise between 15% & 25% over the next ten years you will reach your break even figure much quicker.

Lets take a look at some sample numbers:

Average solar panels installation cost £ 9,000;
Average household cost of gas & electricity per year £1,100;
The average break even point taking into account the increase in energy costs is about 7 years.

Clearly they are loads of other variable’s such as:

Size of the property;
Suitability of property for a solar panels installation;
Amount of energy produced. You may be able to produce more energy than you actually need and end up selling excess energy to your local electric supplier;
Government grants availability in your area;
Rising energy costs.

So Lets Take A Look At The What The Savings Are Likely To Be

First off we have established that the average costs of a solar panels installation is £8,000 / £10,000 and that the average pay back period or break even period is around 7 to 8 years.

If we then agree that the average life of your solar energy system is likely to be in excess of 20 years then you are looking at a saving of all of your energy costs for a period of around 12 years. At today’s prices that’s around £13,000 / £14,000 and represents an excellent profit on your investment.

Lastly, if we take into account the rising energy costs and the likelihood that you solar systems may even last 30 years then you are clearly making an even bigger profit on your investment as you could end up with saving of around £25,000 over the life of your solar system.

What About The Planet?

Well I’m no tree hugger but it’s clear that if I end up producing my own energy for 20 or 30 years then I am definitely helping the planet and making a considerable contribution to reducing the carbon footprint for my entire family.

TIP: Over 3,000 solar energy systems were installed in the UK in the past month. To find out if your property - residential or commercial - is suitable for a solar energy installation we recommend that you book a FREE Solar Survey or use our Enquiry Form to compare prices for a Solar Panels Installation.

Customer Support

If you need help to post an enquiry or to arrange a solar panels survey and would like Price Devils Customer Service Team to talk to a human rather than completing an inquiry form, you are welcome to give our Customer Support Desk a call or send us an e-mail and we will be happy to give you a call back. Mon To Sat 8am to 7pm

Tel: 0871 5989 529
E-mail: support[@]solarpanelssupermarket.co.uk

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Welcome to Solar Panels Supermarket... Solar Panels Supermarket: Compare costs for Solar Panels Installation to Residential & Business Property Nationwide...

Welcome to Solar Panels Supermarket...

Solar Panels Supermarket: Compare costs for Solar Panels Installation to Residential & Business Property Nationwide...