Solar panels can effectively save money and make money, but how do you get the most from your new solar panels?
Whether you’re trying to optimise your existing panels or planning to invest in a brand-new solar system – we’ve got everything you need to know about getting the most from your panels.
Let’s answer the question of ‘how much do solar panels save?’ once and for all.
How Solar Panels Save Money
The main way solar panels help you to save money is by reducing your electricity bills or by generating enough electricity to rid yourself of paying for electricity altogether.
Solar panels produce sustainable electricity, which you can use to power your appliances, meaning you don’t have to rely on expensive electricity from the national grid.
With the cost of living crisis affecting the UK and energy prices continuing to climb, solar panels can help you by creating your own source of renewable energy.
With the assistance of a solar battery, it is possible to power your entire home with solar electricity – meaning you won’t have to rely on the grid for your energy supply. This could save you huge amounts of money, as all the energy you use will be produced by your property itself.
How Much Solar Panels Can Save You
There are a few factors that can impact the amount of money that solar panels can save you; these include:
- The number of solar panels you have
- The type of solar panels you have
- the configuration of your solar panels (and how much impact shading has on your solar panel setup)
- The amount of sunlight in your area/time of year
For example, if you have an entire roof of solar panels and live in an area with a large amount of sunlight, it’s likely your panels will be able to produce more solar energy to power your property.
Likewise, if you have solar tiles, the way they are laid can impact the amount of sunlight that is able to reach them, affecting their performance.
If you live in a very cloudy area where the days tend to be short in winter, the solar panels may struggle to provide huge amounts of power, and you might need to rely on some grid energy too. This is similar if you only choose to have one or two small panels – this may not be enough to power everything you need.
How Much Do Solar Panels Save Annually?
As mentioned above, savings will vary depending on your setup. However, on average, it is estimated that a UK home with a 4kW solar panel system can cut its regular electricity bill by 50% and save up to £700 annually.
How Solar Panels Can Make You Money
Solar panels can make you money as it is possible to sell electricity generated by panels back to the national grid for a profit. The UK government’s Smart Export Guarantee urges people to register with their energy supplier and donate energy back to them for a profit.
To sell energy back to the grid from a domestic home, investing in a solar battery to store your excess electricity is a good idea. This will ensure you have an adequate supply to power your home, and anything left over can easily be sold to the national grid.
‘How much do solar panels save?’ is tricky to answer without knowing your unique setup. The number of solar panels you have, the type of panels you have and the quality of the panels will all affect how much you can save with your solar installation.
To get an estimate on a high-quality solar system or to ask for advice on optimising yours to save more, please get in touch with our solar experts. We’re always happy to discuss how our innovative solar solutions can help you save.