How Do Solar Panels Save Me Money?
Many consider the installation of solar panels to be a worthy investment. One that at the same time, provides some thought provoking questions. How much will I save? How many do I need? Will they work with unpredictable weather? Answering these and other similar questions will help you understand just how much you can save. So the question persists, how do solar panels save me money?
In this article, we’ll look at a few key points which will answer just that. With the current cost of living prices, even the smallest of saving can make a big difference.
- Savings on Energy Bills
Energy prices continue to rise. Solar panels provide a cost effective solution, saving you money now and in the long run and they are becoming increasingly accessible and affordable. In fact, the cost of purchasing solar panels has dropped by 88% since 2010 as per The Eco Experts. They go on to say that solar panels can save the average UK household £534 per year. Many reports indicate that this figure can be larger, depending on the use of the solar panels.
The fact that solar panels can last between 25-30 years, ensures that the savings you enjoy will have a longstanding impact. There are many factors that will influence how much you save. These include:
- How many solar panels you have
- How much electricity you use
- The amount of time you spend at home
- The installation of a battery to store energy
- Net metering schemes can reduce costs from any unused energy for further savings
- Many more factors.
Each household is unique with different requirements. For a more personal guideline on how much you can save on energy bills, please get in touch with our team. Drop us a call on 01273 466700 or send an email to our dedicated team: info@dwgroupuk.com
- Property Value Increase
Solar panels are increasing the value of properties around the UK by 14% on average. This monumental increase can be attributed to three key reasons:
- Homeowners looking to save money on energy bills
- Solar panels are a big attraction to younger generations looking to do their part for the environment and improving global sustainability
- Reducing your carbon footprint has a positive worldwide impact
1. https://www.theecoexperts.co.uk/solar-panels/cost
2. https://www.propertyreporter.co.uk/at-home/going-solar-increases-house-prices-by-32000.html
These reasons are making houses with solar panels an attractive commodity, resonating with many who are house hunting.
- Tackling the Myths
Unfortunately, some are put off investing in solar panels due to the upfront cost. However, it is well known that these solar panels provide initial, immediate savings, especially on energy bills. They then also provide long term savings on energy bills whilst increasing property value.
Many also believe that solar panels aren’t practical in the UK due to our unpredictable climate. Contrary to popular belief, solar panels don’t only love the sun. They love daylight. Even when it’s cloudy and gloomy, daylight is what solar panels need.
As long as they’re correctly set up with nothing obstructing the sunlight, they’ll work a treat. Even during the night, using batteries will preserve the energy collected during the day for evening use.
Solar panels can save you money. How much? That depends on your specific requirements. To get an idea of how much you can save, don’t hesitate to get in touch with us today. We’ll be happy to discuss further and help you understand just how much you can save. Give us a call on 01273 466700 or email the team: info@dwgroupuk.com
