Return On Investment Solar Panels Uk

The amount of money you save by investing in solar energy varies depending on factors including where you live the incentives available from your state government and the type of system you install.

Return on investment solar panels uk.

There are currently 14 energy suppliers in the uk paying out an export tariff with an average rate of 3 82p per kwh ranging from 1 5p to 5 6p. The size of the solar panel installation. Politics economics whole lot of stuff like that. Maximising your solar panel investment.

The return on investment for any business that chooses solar panels will depend largely on a few factors. To calculate the solar panel roi you can expect you need to get a get a customized quote for your specific installation. Domestic solar panel returns up to 6 50 as electricity prices rise despite a reduction in tariff rates from 41 4 p kwh in 2010 to 3 79 p kwh in january 2019 rising electricity prices are driving solar pv returns up over the last 2 years. For most people solar panels are a significant investment but.

As the industry standard performance guarantee is 25 years that s the timeframe we ll use. In short roi 100 energy savings in 25 years cost of solar panels cost of solar panels. The return through the feed in tariffs and savings on energy costs over the life of the installation. Typical returns for a well sited 4kw solar panel installation in january 2019 came in at a surprising 6 50.

Solar pv is a fantastic investment. If you re thinking of investing in solar panels a good way of making the most of your money is to reinvest any cash you save on your energy bill plus any money you make from producing electricity. A household with a 3 5kw solar pv system would send around 1 500kwh back to the national grid so 1 500 x 3 82p is 57 30 per year. Returns of 10 plus are available non taxable for individuals inflation linked and dependent only on the sun coming out.

So the reasons that uk isn t producing as much solar energy isn t about the sun. In fact as our recent blog showed the cost per kwh of solar electricityis around 8p. The initial investment or cost of the solar panels. Think about putting it into a cash isa regular savings account or even a high interest current account.

The array will cost around 4 500 7 000 and will produce a feed in tariff return of approximately 79 a year. Return on investment for a 4 kw solar panel installation if you have the roof space and finance for a large 4 kw installation then you may benefit from even greater returns.