Can solar panels save money on electricity bill?

The amount of money that you will save on your electricity bill by installing solar PV panels will depend on how much of the generation you actually use. If you are not at home most days then the solar PV generation will only power the fridge and any other electrical appliances that happen to be running during the daylight hours.

Should you consider solar panels as a home improvement?

It’s also worth considering solar panels' value as a home improvement. Solar panels are attractive to potential new homeowners when you next sell your home, which can increase your property value as a result.

Do solar panels increase a home's value?

Solar panels will raise your home's value by 3% on average, adding thousands of pounds to its price tag. A solar panel system typically boosts raise a home’s Energy Performance Certificate (EPC) rating by 18 points – a whole grade – according to our calculations, which are based on the government’s Standard Assessment Procedure (SAP) guidance.

How efficient are solar panels?

So, in theory, if your panels are at a 30-degree tilt and are directly facing south, you could expect 100 per cent efficiency from your panels. That efficiency falls to roughly 81 per cent if your panels face directly east or west. Meanwhile, if your panels face south, but are tilted 10 degrees, your efficiency falls to 91 per cent.

Do solar panels generate electricity?

That said, the rate at which solar panels generate electricity varies depending on the amount of direct sunlight and the quality, size, number and location of panels in use. Even in winter, solar panel technology is still effective; at one point in February 2022, solar was providing more than 20% of the UK’s electricity.1

How much does a solar panel system cost?

Solar electricity is low carbon, renewable energy. A typical home solar panel system could save around one tonne of carbon per year, depending on where you live in the UK. That’s the equivalent of driving 3,600 miles, or from London to Bristol 30 times. The average domestic solar panel system is 3.5kWp and costs around £7,000.